Epsilon Advanced Material, India’s leading manufacturer of advanced cell chemistry materials & a subsidiary of Epsilon Carbon, has received an order for its Anode precursor material from the top two anode makers in Japan & China. The company is targeting sales volumes of 10,000 Metric Tonnes of anode precursor material in FY22 with, Exports being a significant contributor to the sales. Epsilon is also in the advanced stages of getting its material qualified with upcoming manufacturing facilities in the US and Europe.
Vikram Handa, Managing Director, Epsilon Carbon, said: “Technical performance anode makers have shown that Epsilon material is highly suited to support cell-makers in developing longer-range & quick-charging batteries. This has also been appreciated, by the Battery Electronic Vehicle (BEV) segment. Anode manufacturing is an essential part of the battery supply chain. Epsilon Carbon with, our sustained backward integration of raw material is best placed to support increase, this value addition for Indian-based Battery/Cell manufacturers while continuing to service our Global clients’ demand.”
Under Aatmanirbhar Bharat initiatives government has come-up with a PLI scheme for 10 sectors including Advanced Cell Chemistry battery, to facilitate & promote Indigenous supply chain manufacturing capabilities. Through this scheme at-least, 5 Giga factories (10 GWh each), are expected to come up immediately with, each factory attracting an investment of USD 1.0 Bn. Under this scheme, there is a total cash subsidy of INR ~34000 crores over the next 10 years.
Cell manufacturers looking forward to set-up their facility under the PLI scheme are approaching Epsilon to secure their raw material needs. Epsilon being a 100 % indigenous producer of anode material, gives them a competitive advantage in complying with localization norms to avail subsidies. Epsilon’s manufacturing leadership in graphite anodes will make India self-sufficient as a key raw material for LiB cells. With a capacity of 35000 Tons of synthetic graphite, Epsilon would be able to support 35 GWH of cell manufacturing.