Sector News

Asahi Kasei: Dissolution of JV for lithium ion capacitor business

March 19, 2015
Chemical Value Chain
Asahi Kasei and FDK today agreed to dissolve Asahi Kasei FDK Energy Device Co., Ltd. (AFEC), their joint-venture company for the lithium ion capacitor (LIC) business, on June 30, 2015.
 
AFEC was established in October 2011 as a joint-venture company to accelerate the development of the LIC market by combining FDK’s cell and module technology and production technology with Asahi Kasei’s unique basic cell technology, and a certain degree of progress was achieved. However, due to subsequent changes in the operating environment, the pace of expansion of the LIC market was slower than expected, especially when compared to other energy storage devices. Asahi Kasei and FDK therefore determined that the business would be best managed independently, with each party focusing on its own respective management strategy. Based on this understanding, an agreement was concluded whereby Asahi Kasei will transfer its shares in AFEC to FDK on June 30, 2015.
 
Asahi Kasei will continue to develop competitive power storage devices by leveraging its unique material technologies, as well as creating new businesses by utilizing its existing energy storage materials technology.
 
Source: Asahi Kasei

comments closed

Related News

September 25, 2022

France and Sweden both launch ‘first of a kind’ hydrogen facilities

Chemical Value Chain

France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).

September 25, 2022

NextChem announces €194-million grant for waste-to-hydrogen project in Rome

Chemical Value Chain

The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.

September 25, 2022

The problem with hydrogen

Chemical Value Chain

At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?