Phillips 66, NOVONIX Signal Technological know-how Development Agreement to Progress Generation of Lithium-Ion Batteries in North The usa

Collaboration builds on strategic investment decision and will speed up the progress of upcoming-generation anode resources for the battery offer chain

HOUSTON & BRISBANE, Australia, January 19, 2022–(Organization WIRE)–Phillips 66 (NYSE: PSX) and NOVONIX Limited (ASX: NVX, OTC: NVNXF) right now declared they have signed a technological innovation growth settlement to progress the manufacturing and commercialization of upcoming-generation anode supplies for lithium-ion batteries.

“This agreement builds on our strategic investment decision in NOVONIX and is a natural upcoming phase for two organizations dedicated to innovation and a reduce-carbon upcoming,” reported Ann Oglesby, Vice President of Strength Exploration & Innovation at Phillips 66. “It sets the framework for the companies to do the job carefully and collaboratively to speed up the growth of up coming-generation supplies for the U.S. battery supply chain.”

Phillips 66 grew to become a significant trader in NOVONIX in September of 2021, when it acquired a 16% stake in the company. The financial commitment is supporting NOVONIX’s advancement as it scales up generation and develops new systems for increased-functionality power storage applications.

“We are psyched to more our partnership with Phillips 66, and jointly we strategy to build integral processes, from manufacturing precursor supplies to creating higher-ability extensive-life artificial graphite anode content supposed to strengthen battery overall performance, decrease charge and decrease environmental affect,” explained NOVONIX CEO Chris Burns, Ph.D. “We believe NOVONIX is presently the only supplier with strategies to deliver huge volumes of synthetic graphite anode product in the U.S., and this partnership will accelerate our mission to build a North American provide chain to electrical power the developing battery sector and facilitate a sustainable long term.”

Under the agreement, Phillips 66 and NOVONIX will leverage leading positions in their respective industries — as nicely as present intellectual property and R&D abilities — to drive commercial improvement of optimized feedstocks and lithium-ion anode resources with lessened carbon-intensive processing.

Phillips 66 is a leading world-wide producer of specialty coke, a essential precursor to the artificial graphite anode material NOVONIX makes. The corporation is one of the couple downstream corporations with an in-household investigation and growth corporation. Its Power Investigation & Innovation team works on establishing lessen-carbon systems to assistance the electrical power changeover, like next-era batteries.

NOVONIX is a foremost producer of artificial graphite anode products applied in the creating of lithium-ion batteries that power electric powered automobiles, particular electronics, professional medical equipment and electricity storage models. NOVONIX’s anode resources business is based mostly in Chattanooga, Tennessee, in which it is increasing ability to produce 10,000 metric tons per yr of synthetic graphite by 2023, 40,000 mt/year by 2025 and 150,000 mt/year by 2030.

About Phillips 66

Phillips 66 is a diversified electricity producing and logistics enterprise. With a portfolio of Midstream, Substances, Refining, and Advertising and Specialties businesses, the corporation processes, transports, retailers and markets fuels and products and solutions globally. Headquartered in Houston, the company has 14,100 workforce committed to basic safety and running excellence. Phillips 66 had $56

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Voyageur Pharmaceuticals & Summit Nanotech Company Signal MOU for a Technological know-how Enhancement Challenge

Voyageur Proceeds To Progress It’s One of a kind Comprehensive Integration System For The Radiology Drug Industry

Voyageur Pharmaceuticals Ltd (TSX:VM TSXV)

CALGARY, ALBERTA, CANADA, November 8, 2021 /EINPresswire.com/ — Voyageur Prescribed drugs Ltd. (TSX.V:VM) (United states:VYYRF) (the “Firm” or “Voyageur”) is pleased to announce the signing of a non-binding Memorandum of Comprehending (“MOU”) with Summit Nanotech Corporation (“SNT”). The MOU proposes an arrangement among Voyageur and SNT to develop a additional sustainable course of action for the production of iodine professional medical solutions, that are used as distinction agents. The course of action will be designed by leveraging SNT’s award profitable lithium extraction technology.

There have been no important improvements in processing technology in more than 20 many years in the compounding of iodine professional medical items. SNT’s innovative nanomaterials have the prospective to lessen creation costs and improve generation performance, although also producing a reduced environmental footprint. By collaborating with SNT and working a “green” pharmaceutical producing course of action, Voyageur will lead to a reduction in throughout the world carbon emissions and be certain that their extended-phrase plans align with the United Nations Agenda 2030 Sustainable Growth Strategy.

Brent Willis, CEO of Voyageur states, “By signing up for with SNT, we are fortifying our idea of entirely integrating our functions from earth to bottle. Production contrast brokers that we manage at prices that are decreased than individuals of other iodine producers, will help Voyageur to acquire a competitive edge in the market and help to reduce health care costs throughout the world.”

Amanda Hall, CEO of Summit Nanotech states, “Voyageur’s holistic tactic of mineral extraction from underground brines for iodine, using sustainable procedures, aligns with Summit’s present asset improvement system. By generating new nanomaterials to isolate iodine in tandem with lithium, we are chopping emissions, lessening squander and further more contributing to the round overall economy.”

About Summit Nanotech Company
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SNT is a Calgary based corporation that leverages modern advancements in nanotechnology to generate and put into practice options for industrial purposes. By combining their nanotechnology expertise, expertise in biology, chemistry, chemical engineering and mechanical engineering, SNT’s team is in a position to carry a prosperity of benefit to the iodine distinction agent job. Nanotechnology is not a unique technological know-how, it is an revolutionary, if not revolutionary comprehension of how products are created. The capacity to synthesize and manipulate materials at the molecular amount is now doable due to breakthroughs in nanotechnology investigation.
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At our core, we are a humancentric company, using ground breaking, resourceful persons. We crack boundaries and observe via with jobs that will alter the industrial landscape. Started by geoscientists with considerable resource growth experience, we feel nanotechnology can be leveraged to provide globe class methods to industrial issues. Why not join our fast-increasing client foundation? Get in contact currently to study much more. https://www.summitnanotech.ca/

About Voyageur
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Voyageur is a Canadian public business stated on the TSXV underneath the trading symbol VM. Voyageur is focused on the development

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