Trading firm Marubeni has secured the exclusive distribution rights to EnerG2’s carbon materials for energy storage devices in Asia.
EnerG2’s carbon materials are used for rechargeable lead-acid batteries, electric double layer capacitors (EDLCs or ultracapacitors) and lithium-ion batteries. A developed carbon technology platform enables the company to design and manufacture customised carbon and silicon-carbon nano-composite materials.
The Seattle-based company supplies currently mostly to battery manufacturers in the US and is now entering Asian countries such as Japan, China, Taiwan, South Korea and Malaysia with the deal.
According to Marubeni, the trading conglomerate aims to generate annual sales of $85m from electrode materials produced by EnerG2 within the next five years. The company said it expects rising demand for batteries across the Asian region.
Tokyo-headquartered Marubeni is trading packaging and other peripheral battery materials from various companies. The company recently struck an agreement with Australian Syrah Resources to market graphite samples from the Balama graphite and vanadium project for industrial and battery applications in Japan and Korea.
EnerG2 announced last week that it will partner with German BASF for the scale-up of carbon materials for supercapacitors and lead-acid batteries.