Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights
Neogen Ionics Partners with Japan’s Morita Investment to Manufacture Electrolyte Salt for BESS in India
Dec 03, 2025
Neogen Ionics, a wholly owned subsidiary of Neogen Chemicals, has entered into a joint venture with Japan’s Morita Investment—part of Morita Chemical Industries—to produce solid LiPF? electrolyte salt in India. The partnership marks a major Indo-Japanese collaboration in lithium-ion battery materials and supports global efforts to diversify supply chains away from China.
The joint venture agreement was finalized on August 31, 2025, combining the technological strengths and manufacturing experience of both companies to tap into the rapidly expanding lithium-ion battery market. The new entity, Neogen Morita New Materials (NML), will receive investment from both partners. Neogen Ionics will hold an 80% majority stake, while Morita Investment will acquire the remaining 20% stake through a USD 20 million contribution.
This collaboration represents one of the earliest Indo-Japan partnerships in the battery materials sector. By bringing proven Japanese LiPF? technology to India, the JV will establish the country’s only non-FEOC compliant electrolyte salt production facility, offering customers improved supply reliability, shorter lead times, and competitive pricing.
According to the companies, the initiative also strengthens India’s Aatmanirbhar Bharat mission by enhancing domestic manufacturing capabilities and reducing dependence on imports.
Neogen Ionics will benefit from Morita Group’s three decades of global expertise in LiPF? production. The partnership is expected to boost the efficiency and reliability of Neogen’s existing electrolyte salt output while accelerating access to international customers and markets.
Dr. Harin Kanani, Managing Director of Neogen Chemicals, said, “This milestone joint venture is a major step forward for Neogen Chemicals and our contribution to India’s clean energy transition. By merging Neogen’s strong manufacturing foundation with Morita Group’s proven LiPF? technology, we are well-positioned to harness the rapid expansion of the lithium-ion battery sector.”
He added that Neogen’s majority stake reflects its commitment to becoming a leading player in the electrolyte salt market. “This collaboration is transformative—bringing greater efficiency, strong cost competitiveness and faster global market access,” he noted.