Epsilon Carbon, a coal tar derivatives company, is planning to make investment of Rs 500 crore over the next five years to manufacture graphite anode materials for lithium-ion batteries, marking its foray into battery material business.
The company plans to establish 50,000 tonne anode material capacity by 2025. The battery material business will be taken up under a new subsidiary, Epsilon Advanced Materials.
The purpose for setting up the subsidiary is to become a preferred supplier of synthetic graphite material to cell manufacturers and energy storage device companies across the globe.
The company has commissioned its new manufacturing facility in Ballari, Karnataka, to produce 5,000 tonne anode material annually. It plans to triple this capacity to 15,000 tonne in 2021 and to 50,000 tpa by 2025.
Apart from the anode material manufacturing facility, Epsilon Advanced Materials has also set up a target-oriented research and development laboratory to cover a complete array of carbon material testing besides cell and pouch lithium battery cell testing to improve the quality of the material further by continuous development