The Metals Company Inc announced that it has signed a non-binding Memorandum of Understanding with Epsilon Carbon Pvt Ltd to complete a pre-feasibility study for a commercial-scale deep-sea nodule processing plant in India with targeted production capacity of more than 30,000 tonnes per annum of an intermediate nickel-copper-cobalt matte product used for active cathode material for Nickel Manganese Cobalt and other nickel-rich cathode chemistries for lithium-ion batteries and more than 750,000 TPA of manganese silicate by-product expected to be used in manganese alloy production for the steel industry. TMC and Epsilon Carbon envision a long-term partnership: TMC, through its subsidiaries, intends to supply polymetallic nodules and onshore processing expertise; Epsilon Carbon intends to finance, engineer, permit, build and operate the Project Zero Plant.TMC has shared with Epsilon Carbon the near-zero solid waste processing flowsheet developed together with Canadian technology and engineering firms between 2018 and 2021 and technical results from a pilot plant program completed in 2021 at FLSmidth’s facilities in Whitehall, PA, USA, and at eXpert Processing Solutions facilities in Sudbury, ON, Canada. Epsilon Carbon intends to deliver a pre-feasibility report for a plant in India powered by renewables and with the targeted processing capacity of 1.3 million tonnes per annum of wet nodules and production start in time to receive nodules collected from NORI-D area starting around Q4 2024, provided, that TMC’s subsidiary NORI secures an exploitation contract from the International Seabed Authority. It is anticipated that TMC and Epsilon Carbon will enter a binding Heads of Terms for construction and operations of Project Zero Plant by September 30, 2022.The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodulesEpsilon Carbon Pvt Ltd is a leading manufacturer of coal tar derivatives and India's only backward-integrated company with a long term exclusive raw materials purchase agreement with JSW Steel. Epsilon Carbon entered the lithium-ion battery materials value chain in 2018 with the vision to develop and manufacture innovative, high performance and quality carbon products for anode components of lithium-ion batteries by founding a dedicated subsidiary Epsilon Advanced Materials Pvt Ltd. The subsidiary is currently focused on the production of synthetic flake graphite, a precursor material used in battery anodes. To complement their proprietary anode technology, Epsilon Carbon aims to produce cathode materials in India by 2024
The Metals Company Inc announced that it has signed a non-binding Memorandum of Understanding with Epsilon Carbon Pvt Ltd to complete a pre-feasibility study for a commercial-scale deep-sea nodule processing plant in India with targeted production capacity of more than 30,000 tonnes per annum of an intermediate nickel-copper-cobalt matte product used for active cathode material for Nickel Manganese Cobalt and other nickel-rich cathode chemistries for lithium-ion batteries and more than 750,000 TPA of manganese silicate by-product expected to be used in manganese alloy production for the steel industry. TMC and Epsilon Carbon envision a long-term partnership: TMC, through its subsidiaries, intends to supply polymetallic nodules and onshore processing expertise; Epsilon Carbon intends to finance, engineer, permit, build and operate the Project Zero Plant.TMC has shared with Epsilon Carbon the near-zero solid waste processing flowsheet developed together with Canadian technology and engineering firms between 2018 and 2021 and technical results from a pilot plant program completed in 2021 at FLSmidth’s facilities in Whitehall, PA, USA, and at eXpert Processing Solutions facilities in Sudbury, ON, Canada. Epsilon Carbon intends to deliver a pre-feasibility report for a plant in India powered by renewables and with the targeted processing capacity of 1.3 million tonnes per annum of wet nodules and production start in time to receive nodules collected from NORI-D area starting around Q4 2024, provided, that TMC’s subsidiary NORI secures an exploitation contract from the International Seabed Authority. It is anticipated that TMC and Epsilon Carbon will enter a binding Heads of Terms for construction and operations of Project Zero Plant by September 30, 2022.The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodulesEpsilon Carbon Pvt Ltd is a leading manufacturer of coal tar derivatives and India's only backward-integrated company with a long term exclusive raw materials purchase agreement with JSW Steel. Epsilon Carbon entered the lithium-ion battery materials value chain in 2018 with the vision to develop and manufacture innovative, high performance and quality carbon products for anode components of lithium-ion batteries by founding a dedicated subsidiary Epsilon Advanced Materials Pvt Ltd. The subsidiary is currently focused on the production of synthetic flake graphite, a precursor material used in battery anodes. To complement their proprietary anode technology, Epsilon Carbon aims to produce cathode materials in India by 2024
