BHP, Prime Planet Energy & Solutions and Toyota Tsusho Corporation close MoU due to nickel sulfate shipments
BHP, Prime Planet Energy & Solutions (PPES) and Toyota Tsusho Corporation (TTC) today announce a Memorandum of Understanding (MOU) for creating an eco-ecosystem for green electric vehicles (EV) that improves sustainability, recyclability and traceability.
The MoU signed between the three organizations has created a framework for collaboration that begins with the supply of nickel sulfate from BHP’s new production facility in. begins Nickel West (NiW), Western Australia according to PPES.
PPES is a leading Japanese manufacturer of lithium-ion batteries and a joint venture between Toyota Motor Corporation (Toyota) and Panasonic Corporation. TTC is a general trading company that is part of the Toyota Group.
BHP will supply PPES with nickel sulfate from its recently built Nickel West facility in Western Australia. This will allow PPES to develop lower carbon batteries to be supplied to electric vehicle manufacturers, including Toyota. Toyota Motor Corporation Australia (TMCA) and Nickel West will also collaborate on the delivery of electric vehicles as part of a successful EV test in December 2020.
In the MoU, the parties agreed to find ways to make the Japanese battery supply chain more sustainable by reducing CO2 emissions in battery value chains. The parties also intend to find ways to implement standards for full traceability of raw materials, ethical sourcing and human rights reporting.
The parties will also examine the possibility of recycling battery scrap and used batteries in BHP’s Nickel West for further processing and production of nickel-containing products.
Vandita Pant, BHP’s Chief Commercial Officer, said, “Creating a green EV ecosystem could make a real difference to the battery supply chain. Together with PPES and TTC, we are taking the next step towards creating a more sustainable and transparent industry and one that works collectively to raise standards and reduce emissions. It starts with the raw material and we are excited to supply PPES with nickel sulfate in this partnership where we will work with TTC to create long-term success and sustainability. “
Hiroaki Koda, President and CEO of PPES, said: “I am delighted that we share the same values and that we have taken initiatives as a“ One Team ”to achieve a carbon-free green society. We will work on optimizing the overlapping value chains in order to be more competitive and to continuously improve the efficiency in our related activities. To achieve this, we would like the Kaizen To advance the concept and together with the reduction of the CO2 footprint in operation, for example through electric mining vehicles. Our partnership is unique and progressive as we have been able to achieve both competitiveness and green business while maintaining a win-win relationship. “
TTC Chief Operating Officer for Metals Division, Masaharu Katayama, said, “We are pleased to have signed this MoU to build a strong partnership between the parties to address the timely carbon neutrality requirement for competitive raw materials the value chains of electric vehicles, as well as the creation of recycling loops for battery material, which are vital to the future development of electric vehicles, we look forward to working together to achieve our common goals to provide a greener planet for our future generations.
BHP’s Nickel West Asset President Jessica Farrell said, “The demand for nickel in batteries is estimated to increase by over 500 percent over the next decade to meet the growing demand for electric vehicles. We have invested in our Nickel West facilities and power contracts. We are excited to be working with our partners to increase the use of electric vehicles in our operations and further advance our sustainability agenda. ”
BHP is a leading global resource company. We mine and process minerals, oil and gas with approximately 80,000 employees and contractors, mainly in Australia and America. Our products are sold worldwide, with sales and marketing being conducted through Singapore and Houston, USA. Our global headquarters are in Melbourne, Australia.
About Prime Planet Energy & Solutions
Prime Planet Energy & Solutions started operations as a joint venture for automotive prismatic batteries in April 2020 (owned by 51% of Toyota Motor Corporation and 49% of Panasonic Corporation).
Business details: Development, manufacture and sale of prismatic lithium-ion batteries for the automotive industry.
For more information on PPE, see https://www.p2enesol.com
About Toyota Tsusho Corporation (TTC)
The Toyota Tsusho Corporation was founded in 1948 as a trading company of the Toyota Group. Today, Toyota Tsusho, with around 64,000 Group employees in 120 countries, strives to help create wealthy societies. The company has seven operating divisions (Metals / Global Parts & Logistics / Automotive / Machinery, Energy & Project / Chemicals & Electronics / Food & Consumer Services / Africa) that focus on three business areas – the Mobility division, which is the future of comfortable society, the Resources & Environment, which ensures a sustainable society, and Life & Community, which supports a comfortable and healthy lifestyle.
Home page: https://www.toyota-tsusho.com
Disclaimer of liability
Toyota Tsusho Corporation published this content on October 04, 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unchanged, on October 04, 2021 05:47:51 AM UTC.