Arkema Acquires a Stake in Tiamat and Accelerates in Next Generation Batteries
12 January 2024 - 5:30PM
Business Wire
Regulatory News:
Arkema (Paris:AI) becomes a shareholder of the start-up
Tiamat, spun off from the CNRS (Centre National de la Recherche
Scientifique) in 2017 and a pioneer in sodium-ion battery
technology. This investment will enable the Group to accelerate the
development of technical solutions adapted to these batteries,
which do not use lithium. The Group is once again demonstrating its
willingness to be a key player in battery materials, offering a
unique range of products adapted to all energy storage
technologies.
Since 2017, the start-up Tiamat has been designing, developing,
industrializing and marketing sodium-ion batteries, a new
lithium-free technology enabling in particular to avoid the
constraints associated with the supply of this metal.
Alongside strategic investors such as Stellantis Ventures and
MBDA, Arkema contributed to Tiamat's recent €22 million
fund-raising. Thanks to these funds and with the support of the
French government and the European Union, Tiamat is aiming to build
a 5 GWh Giga-factory in France, entirely dedicated to the
production of sodium-ion battery cells. An initial tranche of 0.7
GWh could be operational by the end of 2025, and a thousand jobs
could eventually be created.
"Our portfolio of advanced materials enables us to provide
solutions for all our customers' battery technologies. The
sodium-ion technology developed by Tiamat is very interesting, as
it will enable to do away with the dependence to lithium and
several strategic metals. This operation enriches our ecosystem,
and is perfectly in line with Arkema's strategy: innovative
materials for a sustainable world" comments Armand AJDARI, Arkema's
Chief Technology Officer.
____________
Building on its unique set of expertise in materials science,
Arkema offers a portfolio of first-class technologies to address
ever-growing demand for new and sustainable materials. With the
ambition to become in 2024 a pure player in Specialty Materials,
the Group is structured into 3 complementary, resilient and highly
innovative segments dedicated to Specialty Materials - Adhesive
Solutions, Advanced Materials, and Coating Solutions - accounting
for some 91% of Group sales in 2022, and a well-positioned and
competitive Intermediates segment. Arkema offers cutting-edge
technological solutions to meet the challenges of, among other
things, new energies, access to water, recycling, urbanization and
mobility, and fosters a permanent dialogue with all its
stakeholders. The Group reported sales of around € 11.5 billion in
2022, and operates in some 55 countries with 21,100 employees
worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20240111320595/en/
Investor relations contacts Béatrice Zilm +33 (0)1 49 00 75 58
beatrice.zilm@arkema.com
Peter Farren +33 (0)1 49 00 73 12 peter.farren@arkema.com
Mathieu Briatta +33 (0)1 49 00 72 07
mathieu.briatta@arkema.com
Alexis Noël +33 (0)1 49 00 74 37 alexis.noel@arkema.com
Media contact Anne Plaisance +33 (0)6 81 87 48 77
anne.plaisance@arkema.com
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