Neogen chemicals subsidiary forms electrolyte salt joint venture with Morita investment

Neogen Ionics Limited (NIL), a wholly-owned subsidiary of Neogen Chemicals Limited, has finalized a joint venture agreement with Japan’s Morita Investment Limited (MIL), a subsidiary of Morita Chemicals Industries Co. Limited. This agreement, executed on August 31, 2025, establishes Neogen Morita New Materials Limited (NML) to produce, develop, and sell solid LiPF6 salt, a vital ingredient for Lithium-Ion battery electrolytes.

NIL will hold an 80% majority stake in NML, with MIL contributing $20 million for the remaining 20%. This Indo-Japan joint venture leverages proven Japanese technology in India, establishing the country's sole non-FEOC compliant Electrolyte Salt plant and supporting India's 'Aatmanirbhar Bharat' vision through domestic value addition and import substitution.

The collaboration aims to enhance efficiency, cost competitiveness, and international market access for Neogen Ionics, capitalizing on Morita Group's three decades of technology in the rapidly expanding Lithium-Ion Battery market. The partnership diversifies the global supply chain for battery materials.