I D
× COMMENTARYCOVER STORYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More
Chemical EngineeringChementator Briefs
Biomethane Last month, NextChem, a subsidiary of Maire Tecnimont S.p.A.…
BUSINESS NEWSTECHNICAL & PRACTICALTOWER DOCTORFEATURE REPORTFACTS AT YOUR FINGERTIPSENGINEERING PRACTICEENVIRONMENTAL MANAGEREQUIPMENT & SERVICESFOCUSSHOW PREVIEWSDEPARTMENTSCHEM CHRONICLES

Comment Business & Economics

BASF invests $50 million to acquire equity ownership position in Sion Power  

By Gerald Ondrey |

BASF Corp. (Iselin, N.J.; www.basf.com) has invested $50 million to acquire an equity ownership position in privately held Sion Power (Tucson, Ariz.; www.sionpower.com), the global leader in the development of lithium-sulfur (Li-S) batteries. This equity partnership expands upon an existing joint-development agreement that BASF Future Business GmbH (www.basf-fb.de) established with Sion Power in 2009 to accelerate the commercialization of Sion’s proprietary Li-S battery technology for electric and plug-in electric vehicles and other high-energy applications over the next decade. “We are delighted to strengthen our ties with Sion Power, which will allow us to leverage the expertise of both companies to deliver leading-edge lithium-sulfur technologies to the battery materials market in the years ahead,” says Andreas Kreimeyer, member of the Board of Executive Directors and Research Executive Director of BASF SE (Ludwigshafen, Germany). According to Dennis R. Mangino, CEO of Sion Power, “The progress of the technical collaboration between Sion Power and BASF for more than two years now has led BASF to take a significant financial stake in Sion. We are proud to announce this expanded partnership and look forward…
Related Content
Business News: August 2022
Plant Watch Johnson Matthey to build U.K. gigafactory for H2 fuel-cell components July 18, 2022 — Johnson Matthey plc (JM;…
Driving environmental progress
The recent decision by the U.S. Supreme Court limiting the authority of the U.S. Environmental Protection Agency (EPA) to regulate…

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
GMP In The Cosmetic Industry
Solve turbomachinery problems: Miba Tilting Pad Bearings
Six Steps to Designing a Storage Vessel That Really Works
SICK Solutions for Cleaner Industries - Powerful Transitions
Gain a Digital Line of Sight Across the Whole Lifecycle of the Plant with a Digital Twin

View More