On July 3, 2023, GREENMET Co., Ltd. and Wuxi Paragonage technology Co., Ltd. jointly signed the "Framework Agreement on Strategic Cooperation and Product Supply Cooperation of Anode Materials for Sodium Batteries", under which the two parties will carry out long-term and stable cooperation in the areas of product supply and marketing, processing, new product development, strategic cooperation in innovation and the establishment of a recovery system for sodium electricity, etc., and Paragonage will give priority to the procurement of GREENMET products under the same conditions in the market. Under the same conditions in the market, Paragonage will give priority to the procurement of Green Energy's products, and it is expected that the supply and demand of cathode materials for sodium batteries will be about 10,000-15,000 tons/year.
Global energy is in transition and demand for electrochemical energy storage is booming. With the concern of lithium supply shortage and the growing demand for low-cost energy storage batteries, sodium-ion batteries have achieved rapid development due to their abundant resources, high safety, good low-temperature performance, obvious cost advantage, etc. They have gradually moved from the laboratory to the stage of commercial application and will be widely used in energy storage, light travel, small power and other fields.
In order to seize the opportunity of the times, GREENMET Company Limited (hereinafter referred to as "GREENMET") and Shenzhen Pangu Naxiang New Energy Co. -Ltd. (hereinafter referred to as "Paragonage") agreed to launch strategic cooperation in the whole industrial chain of "sodium power materials", "sodium power batteries" and "sodium power recycling", to seize the market of sodium power, and to jointly expand and strengthen the sodium power industry.
Paragonage is a high-tech enterprise focusing on the research, development, production and sales of sodium-ion battery cells and solutions, with complete independent intellectual property rights, and its core technologies and products in the field of sodium-ion batteries have accumulated rich technical advantages, and the performance of the battery is in the leading position in the industry. Gem is the world's leading new energy materials manufacturing and urban mining enterprise. As a global leading enterprise of lithium precursor materials, Gem has seized the opportunity of the times and actively implemented the diversified development strategy of lithium and sodium batteries. Gem has obvious technical advantages in sodium power materials, and has developed sodium power materials of various technical routes, such as layered oxide and Prussian white, and can supply iron-based ternary and copper-based quaternary sodium precursor and anode materials in bulk, in addition to supplying nickel oxide and sodium carbonate and other raw materials required for sodium anode.
Paragonage and Greenmax will recognize each other as strategic partners globally and actively promote each other to jointly build a good brand and reputation worldwide for both parties. In terms of product supply and marketing, the two sides will establish long-term supply and marketing relationship for sodium battery cathode materials; in terms of product processing, the two sides will cooperate in the processing of sodium battery cathode materials. For new product development, the two sides will establish a mechanism for product development and exchange. In terms of innovation strategy cooperation, the two sides rely on each other's innovation platform to carry out research on innovative projects such as sodium batteries and materials, use each other's advantages to build innovation platforms, jointly strive for and carry out national, provincial and municipal innovation and entrepreneurship projects, and jointly promote the technological advancement and industrialization of the sodium power industry. On the establishment of sodium power recycling system, the two sides will further deepen the cooperation, actively explore the technology development and strategic cooperation of sodium power recycling system, fill the technology and industrialization blank of global sodium battery resource utilization, and jointly build a globally competitive sodium power supply chain and value chain. In terms of information cooperation, an effective communication mechanism will be established to transfer domestic and international industry-related information to each other.
The framework agreement signed this time is a major initiative of both parties in the new energy strategy layout, which will be conducive to giving full play to the advantages of both parties to jointly build a globally competitive sodium power industry chain and realize the improvement of product market share, so as to enhance the company's core competitiveness and competitive advantage in the market, and realize the company's sustained and rapid development.
-Source: Framework Agreement on Strategic Cooperation and Product Supply Cooperation of Anode Materials for Sodium Batteries