Licensee of Asahi Kasei Technology Begins Commercial Production of High-Purity Carbonates Using CO2 as Main Feedstock in China [Yahoo! Finance]
ASAHI KAISEI CRP UNSP/ADR (AHKSY)
NASDAQ:AMEX Investor Relations:
asahi-kasei.co.jp/asahi/en/ir
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Source: Yahoo! Finance
of a new carbonates plant in Lianyungang, Jiangsu Province, the People's Republic of China, in November 2024. The plant uses technology licensed from Asahi Kasei for the production of high-purity ethylene carbonate (EC) and dimethyl carbonate (DMC) with carbon dioxide (CO ) as a main raw material. Both carbonates are used as electrolyte solvents in lithium-ion batteries for electric vehicles. In the early 2000s, Asahi Kasei developed process technology to produce various chemical products using CO as a main raw material. The technology has been licensed to chemical companies globally, with the first licensee starting the production of polycarbonate using CO in 2002. Since then, Asahi Kasei has been expanding its expertise in the field of CO -based production of resins and other chemicals, including carbonates. Demand for lithium-ion batteries is expected to continue increasing due to the global shift to EVs in the automotive industry and greater use of electric power storage syste
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