India’s leading carbon black company Epsilon Carbon has signed a Memorandum of Understanding with Nasdaq-listed The Metals Company Inc. According to the agreement, both the companies will jointly undertake a pre-feasibility study for a commercial-scale deep-sea nodule processing plant in India. Following this study, they will jointly set-up to set up world’s first Commercial Polymetallic Nodule Processing Plant in India with an initial investment of INR 1,200 crore in the first phase. The focus of this collaboration would be on producing cathode precursors with the lowest carbon footprint. These cathode precursors will be converted to cathode active materials at the proposed facility in India.Epsilon Carbon will process 1 million tons per annum of dry nodules to create a production capacity of over 30,000 tonnes of an intermediate nickel-copper-cobalt matte product per annum. This product is ideal to be used for active cathode material (CAM) in Lithium-ion Batteries (LiBs). Epsilon Carbon has a patented process to convert coal tar waste to synthetic graphite for use as anodes in Lithium-ion Batteries (LiBs) and is currently the only graphite anode manufacturer in India. Epsilon aims to produce battery materials with the lowest possible Carbon footprint which is in line with the company’s ESG roadmap.