Neogen Ionics Ltd, a subsidiary of Neogen Chemicals, has signed a JV with Japan’s Morita Investment Ltd to form Neogen Morita New Materials Ltd, which will produce solid LiPF6 salt, a key lithium-ion battery material, at Pakhajan, Gujarat.
NIL will hold at least 80 per cent and Morita up to 20 per cent.
The JV combines Morita’s global expertise with NIL’s local presence to boost market access.