–News Direct–
First Phosphate Corp CEO John Passalacqua joined Steve Darling from Proactive to share news of a significant partnership with Sun Chemical Corporation, marked by a non-binding memorandum of understanding.
The collaboration aims to develop intermediates used in the manufacturing of lithium iron phosphate-based cathode active material, addressing the growing demand in the North American battery market. This strategic agreement will leverage First Phosphate's phosphate material, along with its partner's expertise, to produce iron phosphate.
Sun Chemical, a prominent producer of inorganic pigments, will utilize its established North American facilities for this purpose. One of the key advantages of this collaboration is Sun Chemical's existing local factory capacity in North America and Europe, ideally suited to support the emerging battery materials market.
The manufacturing processes for co-precipitation-based cathode materials are comparable to those used for inorganic pigments, making this partnership a natural fit. Additionally, both companies plan to explore the best sources of iron for the iron phosphate and lithium iron phosphate synthesis process.
This collaboration will take into consideration Sun Chemical's current manufacturing capabilities of iron oxide precursors and First Phosphate's mining source recovery of magnetite.
As the demand for battery materials continues to rise in North America and globally, this partnership between First Phosphate and Sun Chemical aims to provide a sustainable and efficient solution for the production of cathode active material, contributing to the growth of the battery industry and supporting the transition to cleaner energy sources.
Contact Details
Proactive Investors Canada
+1 604-688-8158
View source version on newsdirect.com: https://newsdirect.com/news/first-phosphate-ceo-reveals-game-changing-partnership-with-sun-chemical-326536936
First Phosphate Corp.
COMTEX_444189965/2655/2023-11-29T13:17:19
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