Tinci Materials and Honeywell Establish Joint Venture for LiPF6 and Electrolyte Production

Published: Jan 9, 2025 11:53

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[Tinci Materials and Honeywell Sign Equity Purchase Agreement to Jointly Establish a Joint Venture] On the evening of January 7, Tinci Materials announced that the company and its subsidiary, Tinci Delaware, signed two Equity Purchase Agreements with Honeywell and its subsidiary, AEM, to jointly establish a joint venture through equity purchase and subscription. The joint venture is expected to engage in the production, operation, and sales of products such as liquid LiPF6 and electrolyte. According to the agreement, Tinci Delaware will transfer 49% of its wholly-owned subsidiary, Tinci Texas, to Honeywell, with the transfer consideration estimated at $16.66 million. After the equity transfer, Tinci Delaware will hold 51% of the shares, while Honeywell will hold 49%. Tinci Texas is expected to construct an electrolyte project with an annual capacity of 200,000 mt.

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