Accodring to ICC, ecently, Dynanonic reached an agreement with specialty minerals company ICL Group to jointly establish a lithium battery materials factory in Sallent, Catalonia, Spain. The factory, with an investment of €285 million and occupying approximately 25 acres, will be located close to a planned battery plant in the region. It is set to become the first factory in Spain’s Catalonia region to produce lithium iron phosphate (LFP) materials.
Dynanonic and ICL will hold 20% and 80% stakes in the factory, respectively. Both parties have commented on the collaboration. Wang Bao Ren, a representative from Dynanonic, stated that lithium iron phosphate is a key material for lithium batteries and essential for strengthening the new energy vehicle (NEV) supply chain. He emphasized that the joint venture leverages the strengths of both companies. Phil Brown from ICL highlighted that LFP is a critical solution for energy transition and expressed optimism about developing a significant new growth market together.
Dynanonic has been actively pursuing international expansion. The company has previously noted that it conducts thorough research and analysis of overseas markets and will proceed with its global expansion plans at an appropriate time. This partnership marks a milestone in Dynanonic's international journey, representing a key step toward its globalization strategy.
Dynanonic, a subsidiary of ICL Group Ltd., is involved in the project. ICL Group Ltd. is a global leader in specialty minerals, providing impactful solutions to sustainability challenges in the food, agriculture, and industrial markets. The company leverages its unique bromine, potash, and phosphate resources, along with its global workforce and R&D capabilities focused on sustainability, to drive growth in various end markets. In recent years, ICL has made significant efforts in the new energy sector, driving business growth in multiple areas, including a large-scale LFP manufacturing facility in St. Louis, Missouri, USA, and this newly signed project in Spain.
Founded in 2007, Dynanonic specializes in the R&D and manufacturing of core materials for lithium-ion batteries. Its flagship product, nano-lithium iron phosphate, features proprietary R&D and production technologies. In April 2019, the company was listed on the Shenzhen Stock Exchange’s ChiNext Board. Over the years, it has maintained a leading position in the market for cathode materials in new energy batteries and developed innovative materials such as lithium manganese iron phosphate and lithium replenishment enhancers. The company holds numerous proprietary technologies, including "self-heating evaporation liquid-phase synthesis of nano-lithium iron phosphate," "discontinuous graphene coating technology," and "ion doping technology."
Headquartered in Nanshan District, Shenzhen, Dynanonic operates large R&D and production bases in Foshan (Guangdong), Qujing (Yunnan), and Yibin (Sichuan). As of November 2024, Dynanonic has achieved an annual production capacity of 265,000 tons of lithium iron phosphate, 110,000 tons of lithium manganese iron phosphate, and 5,000 tons of lithium replenishment enhancers. In 2024, the company shipped approximately 238,000 tons of lithium iron phosphate.
Source：https://mp.weixin.qq.com/s/BHZ9jAwOqFD_PVMAeDhpaw
