NEO Battery Materials Ltd (CVE:NBM) (OTCMKTS:NBMFF) has provided a detailed follow-up on the progress of the company’s pilot plant for its proprietary silicon (Si) nanocoating technology.
The company said its directors, scientific advisors, and engineers are currently in the process of working on the conceptual design of the pilot plant.
The conceptual design study is the first crucial step towards realizing the performance advantages of NEO's Si nanocoating technology into wide-scale production.
READ: NEO Battery Materials says latest tests highlight potency of its silicon nanocoating technology
The current emphasis and aim for the pilot plant study are to formulate the optimal manufacturing process when considering both the quality assurance and economic costs of NEO's end product.
From the study and analysis, NEO said it will be able to determine and finalize the preliminary data and works regarding configurations, required feeds and utilities, process control system, fundamental guidelines for HSE (Health/Safety/Environmental), the handling methods for raw materials/product/effluent, and additional feasibility studies. These factors will help the company decide on capacity, selection of equipment, and unit operation.
"Currently, the site consideration of the pilot plant is being extensively discussed as direct sample transfers to battery material developers and cell manufacturers, third-party validation, and strategic integration into the lithium-ion battery (LiB) value chain are of essence,” said CEO Spencer Huh in a statement.
“South Korea is being conversed as the top candidate due to the robust LiB network and technological advancements. NEO considers the location selection as a vital component that may accelerate the company's commercialization plans. We will constantly provide updates on the progress of the pilot plant and other related material developments."
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