Renewable Energy StoriesRenewable Energy Stories
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Facebook Twitter Instagram
India Edition | South East Asia Edition
Facebook Twitter LinkedIn
Renewable Energy StoriesRenewable Energy Stories
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Renewable Energy StoriesRenewable Energy Stories
Home » NOVONIX & TAQAT Form JV To Produce Battery Materials in MENA
Battery Technology
MENA Saudi Arabia

NOVONIX & TAQAT Form JV To Produce Battery Materials in MENA

By Saur News Bureau Fri, Mar 31st, 2023
Lightyear 0: Solar-Powered Car
Share
Facebook Twitter LinkedIn Pinterest Email

NOVONIX Limited, a leading battery materials and technology company, has agreed to establish an incorporated joint venture with TAQAT to develop and produce anode materials for electric vehicle and energy storage system batteries in the Middle East and North Africa (MENA) region.

The joint venture is intended to utilize the leading battery technology and capability of NOVONIX to develop a graphite anode materials facility with capacity of 30,000 tonnes per annum. NOVONIX said that the project is to be located in Saudi Arabia and is expected to secure ready access to precursor material as feedstock for critical battery materials and access to developing end-use markets for the manufacture and sale of EVs and ESS applications.

Saudi Arabia plans to have 30% of all vehicles on road be electric by 2030. In support of this initiative, Saudi Arabia launched Ceer, the country’s first electric vehicle brand, and a US based EV manufacturer also announced plans to build its first international factory in Saudi Arabia. Upstream projects such as the anode materials facility to be built under this JV will help support a localized supply chain for this sector in Saudi Arabia.

Further, TAQAT said that it has signed an MOU with Rabigh Refinery & Petrochemical Company that intends to supply TAQAT Decant Oil and TAQAT intends to build a petroleum needle coking facility, using Chevron Lummus Global proprietary Needle Coke technology. This will allow for the JV with NOVONIX to access high quality local precursor material within Saudi Arabia while also being able to leverage the existing suppliers of NOVONIX of key feedstocks from North America and globally.

Chris Burns, CEO, NOVONIX said, “The joint venture will leverage NOVONIX’s existing work in North America and will allow us to more quickly scale our operations to extend our geographical reach to the global market.” He also added that NOVONIX’s battery anode manufacturing expertise coupled with TAQAT’s anticipated strong financial support will help bring the first anode materials facility to Saudi Arabia.”

Jamal Al-Bassam CEO of TAQAT said, “We are pleased to partner with NOVONIX, a leading battery technology and battery materials company. Together, this provides a platform that benefits both companies, not just for the development of battery materials, but also to create a world-class graphite vertical in Saudi Arabia and support the Kingdom’s diversification efforts.”

anode materials for EV battery factory in Saudi Arabia battery materials Ceer Chris Burns EV battery Jamal Al-Bassam MENA Middle East and North Africa NOVONIX NOVONIX Limited Rabigh Refinery TAQAT
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Saur News Bureau
  • Website

Related Posts

Leaders Explore Role of Carbon Markets at Sustainability Forum Middle East

May 24, 2023

Masdar To Add 2-GW Solar & Wind, 500MWh Storage in Uzbekistan

May 21, 2023

Masdar to Use Octopus Technology To Develop UK Battery Storage

May 11, 2023

Leave A Reply Cancel Reply

16 + 10 =

Latest News
  • Bahrain Gets Its First Clean Energy-Powered Data Centre
  • L&T Set to Build RE Infra For The Largest Green Hydrogen Plant at NEOM
  • Trina Solar Triples South Africa Sales Volume of Panels in Q1 2023 Compared to Full Year of 2022
  • UAE Firms Resorting to E-Bikes, Green Building to Reach Net Zero
  • Servotech Showcases its EV DC Chargers Range at EVIS Abu Dhabi
Solar News

Bahrain Gets Its First Clean Energy-Powered Data Centre

June 1, 2023

L&T Set to Build RE Infra For The Largest Green Hydrogen Plant at NEOM

June 1, 2023

Trina Solar Triples South Africa Sales Volume of Panels in Q1 2023 Compared to Full Year of 2022

May 31, 2023

UAE Firms Resorting to E-Bikes, Green Building to Reach Net Zero

May 31, 2023
ADVERTISE WITH US

We are the no.1 B2B solar media in India. With SaurEnergy, you have a full menu of options to pick from to reach the largest audience for your products and services.

To get in touch, contact us at info[at]saurenergy.com

Or Call at 9891147599 / 8802315631

Facebook Twitter Instagram YouTube LinkedIn WhatsApp
Latest News
  • Bahrain Gets Its First Clean Energy-Powered Data Centre
  • L&T Set to Build RE Infra For The Largest Green Hydrogen Plant at NEOM
  • Trina Solar Triples South Africa Sales Volume of Panels in Q1 2023 Compared to Full Year of 2022
  • UAE Firms Resorting to E-Bikes, Green Building to Reach Net Zero
  • Servotech Showcases its EV DC Chargers Range at EVIS Abu Dhabi
SAURENERGY NEWSLETTER

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

    [mc4wp_checkbox]

    © 2023 Saurenergy International.

    Type above and press Enter to search. Press Esc to cancel.

    en English
    ar العربيةzh-CN 简体中文en English
    Newsletter Subscription

      [mc4wp_checkbox]