Nexeon to Establish Anode Materials Plant in South Korea
UK-based Nexeon has chosen South Korea as the location for its first commercial production facility for silicon anode materials. The plant will be constructed in Gunsan and is expected to begin production in 2025. Nexeon has a supply agreement with South Korean chemical company OCI for the necessary raw materials. The proximity of the two sites will result in cost advantages and eliminate the need for complex logistics operations. Nexeon recently secured Panasonic as its first major buyer. CEO Scott Brown said the collaboration with OCI is a significant milestone that will help scale operations.