The two companies will jointly found CS Energy Materials, in which H.C. Starck will have a 49% and Chisso Corporation a 51%. The new company plans to build a production plant in Minamata, Japan with a capacity of 1000 tons per year, ready for operation by the beginning of 2012. At the same time H C Stark’s facility in Goslar, Germany, will be working on the development of efficient battery intermediates for future production projects in Asia and Europe.

H C Stark says that development of highly efficient and reliable batteries is key to help grow the electric car market. “With this joint venture, H C Starck will successfully penetrate the electro-mobility market, which is predicted to become an important technology of the future,” said said Dr. Andreas Meier, CEO of the H C Starck Group.