- Umicore and HS Hyosung will industrialize silicon-carbon anode materials for EV batteries.
- A demonstration plant will be operational by the end of 2026 in Olen, Belgium.
- Umicore holds a 20% stake in the joint venture Extra Mile Materials.
- The technology is protected by over 30 patent families.
Partnership Overview
Umicore has partnered with Korea's HS Hyosung Advanced Materials to advance the industrialization and commercialization of silicon-carbon composite anode materials for electric vehicle (EV) lithium-ion batteries.
Industrialization Plans
After over a decade of research and development, Umicore's anode technology center in Olen, Belgium, is set to transition to industrial-scale production. The joint venture, Extra Mile Materials, will further develop the technology and scale Umicore's existing line to an industrial demonstration plant by the end of 2026 in Olen, Belgium.
Stake and Employment
Umicore will hold a minority stake of 20% in Extra Mile Materials. All employees working on the anode materials activity will transfer to Extra Mile Materials, retaining their employment terms and conditions.
Technological Advancements
Umicore's silicon-anode technology, protected by over 30 patent families, offers benefits such as higher energy density, longer battery range, and faster charging. The proprietary anode materials are currently in qualification with multiple globally leading battery cell makers.
Regulatory Approvals
The transaction is expected to close in the coming months, pending customary regulatory approvals.
