Neogen Ionics Forms JV with Japan's Morita Investment to Produce Electrolyte Salt for BESS in India
Neogen Ionics, a subsidiary of Neogen Chemicals, has formed a joint venture with Japan’s Morita Investment, a subsidiary Morita Chemicals Industries, to manufacture solid LiPF₆ electrolyte salt in India, marking a major Indo-Japan collaboration in the lithium-ion battery materials space and a supply chain diversification from China.
December 02, 2025. By Mrinmoy Dey
The JV agreement was executed on August 31, 2025. The JV is designed to strategically combine the partners' manufacturing and technological expertise, leveraging synergies to capitalise on the rapidly expanding Lithium-Ion Battery market.
Both the parties will invest in Neogen Morita New Materials (NML). While Neogen lonics will hold an 80 percent majority stake in NML, Morita Investment will hold the remaining 20 percent by contributing USD 20 million.
Marking one of the first Indo-Japan joint ventures in the Lithium-Ion Battery materials space, this collaboration addresses the global imperative for supply chain diversification from China. The JV leverages proven Japanese technology in India, establishing it as the sole non-FEOC compliant Electrolyte Salt plant in the country, thereby offering customers cost efficiency, rapid supply, and assured reliability, the company said in a statement.
It further added that this JV supports the 'Aatmanirbhar Bharat' vision by boosting domestic value addition and enabling significant import substitution. Neogen lonics will benefit from the Morita Group's 30 years of globally proven technology, allowing it to improve the reliability and efficiency of its existing electrolyte salt production and gain expedited access to international markets and customer approvals.
Commenting on the development, Dr. Harin Kanani, Managing Director, Neogen Chemicals, said, “This landmark JV represents a pivotal moment for Neogen Chemicals and our role in accelerating India’s energy transition. By integrating our robust manufacturing capabilities with the Morita Group's globally validated LiPF6 technology, a legacy spanning nearly three decades, we are strategically positioned to capitalise on the rapid growth in the Lithium-Ion Battery market.”
He further added, “Our majority stake in NML underscores our commitment to establishing a dominant position within the electrolyte salt sector. This collaboration is a game-changer, promising enhanced efficiency, significant cost competitiveness, and accelerated access to international markets.”
please contact: contact@energetica-india.net.
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