Asahi Kasei to Construct a Lithium-ion Battery Separator Plant in Canada
Asahi Kasei announced today that it will construct an integrated plant in Ontario, Canada for the base film manufacturing and coating of Hipore wet-process lithium-ion battery (LIB) separator1. In relation to this plant, Asahi Kasei has concluded a basic agreement with Honda Motor Co., Ltd. (Honda) and the two parties are currently studying joint investment. Also with regard to the Canadian plant, it has been agreed that Asahi Kasei Battery Separator Corp.2, which is scheduled to be established in October 2024, will receive funding from the Development Bank of Japan Inc. (DBJ) through the issuance of preferred shares. Furthermore, receipt of financial support from the federal government of Canada and the provincial government of Ontario regarding this investment is expected.
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Conceptual image of initial facility (Photo: Business Wire)
Outline of the Canadian investment (plant construction)
1) Location |
Ontario, Canada |
2) Plant overview |
Integrated plant for the base film manufacturing and coating of Hipore lithium-ion battery separator |
3) Total investment amount |
Approximately ¥180 billion |
4) Production capacity |
Approximately 700 million m2 per year (as coated film) |
5) Start of operation |
Commercial start-up scheduled in 2027 |
The necessary funds for this investment will be provided to ES Materials Canada Corp., the Canadian separator business company, and E-Materials Canada Corp., the local manufacturing company responsible for plant construction and manufacturing, through ES Materials Holdings Corp., the North American separator business company.
1. The separator business in Asahi Kasei
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Asahi Kasei positions its Energy Storage related business as one of the "10 Growth Gears" (GG10) expected to drive future growth in its medium-term management plan for fiscal 2024, which is focused on the theme "Be a Trailblazer." The core of its Energy Storage business is Hipore wet-process LIB separator, which has been leading technological innovation based on over 40 years of business history, and is currently expanding its sales in automotive applications in addition to consumer electronics applications.