ExxonMobil Chemical’s affiliate TonenGeneral has agreed to co operate with Toray Industries to set up a global joint venture for the battery separator film business. It will develop, manufacture and sell lithium ion battery (LIB) separator film and introduce next-generation films to the market.
The joint venture will combine Toray’s plastic film processing and polymer science capabilities with Tonen's existing lithium ion battery separator film business and technology. It will build on over 20 years experience of ExxonMobil in providing separator films, including for use in the personal electronics market, as well as support the development of future LIB applications in hybrid-electric and electric vehicles.
The two partners are expected to hold an equal 50% stake in the joint venture, due to be formed in January 2010.
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