on Nano One Materials Corp. (NASDAQ:NNOMF)
Nano One Advances Alliance with Worley for Cost-Efficient LFP Production
Nano One Materials Corp. provides an update on their strategic alliance with Worley, emphasizing the economic benefits of the One-Pot™ process in the production of lithium iron phosphate (LFP) cathodes. A cost comparison demonstrates that the One-Pot method could reduce total capital and operational costs by at least 30%, using 80% less energy compared to current technologies.
The collaboration completed designs for modular plants aimed at minimizing costs and environmental impact. These plant layouts incorporate the One-Pot process, minimizing waste and greenhouse gas emissions. This technology is marketed to potential licensees in a detailed package.
The Canadian facility in Candiac plays a pivotal role in showcasing these technologies to potential customers, backed by governmental funding supporting its expansion and innovation efforts. This positions Nano One and Worley favorably in the global market for sustainable battery materials.
R. H.
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