Cooperation in the Cathode Market: Nano One and Worley Join Forces

In a forward-looking move, Nano One Materials Corp., a leading innovator in the production of cathode materials for lithium-ion batteries, and Worley, a global frontrunner in engineering, have signed a comprehensive license and collaboration agreement. The aim of the strategic partnership is to optimize the development, marketing, and deployment processes of a forward-looking plant design for the production of battery cathode materials, thereby promoting scalability and sustainability in the production of next-generation cathode active materials. As part of the collaboration, Nano One's patented One-Pot process will be implemented in conjunction with the Design-Once-Build-Many strategy, combining the expertise of both corporations. This is expected to lead to a significant acceleration, cost reduction, and risk minimization in the planning and permitting of production facilities for lithium iron phosphate (LFP) and other cathode materials, expand the potential of the One-Pot process, and diversify supply chains. With the integration of the One-Pot process into a complete CAM package, both partners benefit from the cooperation: Nano One's influence and its innovative process are significantly strengthened through Worley's global network and its credibility. On the other hand, Worley, which has already recorded growth opportunities valued at 1.58 billion AUD, can demonstrate its competencies in sustainable plant design in the battery materials sector. The long-term agreement envisages collaboration for up to 20 years. It includes the sales of CAM packages as well as a series of licensing, royalties, and mutual financial compensation. The resulting technology, which uses local and sustainable raw material sources, will help reduce wastewater and pollutants such as sodium/ammonium sulfate and significantly decrease greenhouse gas emissions compared to traditional production processes. "This partnership marks a milestone for Nano One and underscores our vision of future-ready battery production," stated Dan Blondal, CEO of Nano One. The alliance aims to establish the One-Pot process as a standard in the industry and to revolutionize the development of CAM. The collaboration also deepens Nano One's presence in the battery industry, actively incorporating the team's extensive expertise, particularly in the LFP area, into the partnership in addition to the innovation center in Burnaby and the demonstration plant in Candiac. In light of the growing demand for energy storage solutions for renewable energies and electric vehicles, the strategic alliance between Nano One and Worley enables the opening and optimal use of new market segments and customer groups. The ambitions and capabilities of both companies are reflected in the shared vision of making the production of battery materials more sustainable and efficient.