Epsilon Advanced Material gets qualified as an Anode precursor supplier
New Delhi: Epsilon Advanced Material, India’s leading manufacturer of advanced cell chemistry materials & subsidiary of Epsilon Carbon, has received an initial order for its Anode precursor material from top two anode makers in Japan & China. The company is targeting sales volumes 10,000 Metric Tonnes of anode precursor material in FY22 with Exports being a significant contributor of the sales. Epsilon is also in advanced stages of getting its material qualified with upcoming cell manufacturing facilities in US and Europe.
Globally Synthetic graphite has 60% market share in the anode material space. With this positive results Epsilon is successfully qualified as supplier in global Lithium-ion battery supply chain. This is in line with Epsilon Carbon’s broader strategy to become world’s first vertically integrated and sustainable anode material producer in Lithium-ion battery supply chain with a plan to expand synthetic graphite capacity to 35,000 MT by 2025.
According to Mr Vikram Handa, Managing Director of Epsilon Carbon, “Technical performance anode makers has shown that Epsilon material is highly suited to support cell-makers in developing longer range & quick charging batteries. This has been also been appreciated by the Battery Electronic Vehicle (BEV) segment. Anode manufacturing is an essential part of battery supply chain. Epsilon Carbon with our sustained backward integration of raw material is best placed to support increase this value addition for Indian based Battery/Cell manufacturers while continuing to service our Global clients’ demand.”
With growing acceptance of electric vehicle, the Li-ion battery is likely to dominate over the next decade. Worldwide many countries have announced plans to set-up Battery making Giga factories to support their Mobility & Energy storage needs of 2600 GWh by 2030.
Under Aatmanirbhar Bharat initiatives government has come-up with PLI scheme for 10 sectors including Advanced Cell Chemistry battery to facilitate & promote Indigenous supply chain manufacturing capabilities. Through this scheme at-least 5 Giga factories (10 GWh each) are expected to come-up immediately with each factory attracting investment of USD 1.0 Bn. Under this scheme there is a total cash subsidy of INR ~34000 crores over next 10 years.
Cell manufacturers looking forward to set-up their facility under the PLI scheme are approaching Epsilon to secure their raw material needs. Epsilon being a 100 % indigenous producer of anode material, gives them a competitive advantage in complying with localization norms to avail subsidies. Epsilon’s manufacturing leadership in graphite anodes will make India self-sufficient for a key raw material for LiB cells. With a capacity of 35000 Tons of synthetic graphite, Epsilon would be able to support 35 GWH of cell manufacturing.
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