As demand for electrolytes continues to surge amid the rapid growth of electric vehicles (EVs) and energy storage systems (ESS), GEO’s expanded production footprint is expected to reshape the competitive landscape in the field.
GEO has signed a definitive agreement to acquire MCC’s electrolyte production facilities in both the US and UK. The deal follows the completion and start-up in 2024 of the company’s 200,000-ton-per-year electrolyte plant in the Czech Republic and will enable the company to immediately provide additional production capacity and supply redundancies across North America and Western Europe and further strengthen global R&D and patent collaboration, contributing jointly to a low-carbon future.
The Memphis, Tennessee, facility acquired from MCC will allow GEO to immediately begin supplying product in the US Midwest, where many battery customers are located, effectively accelerating GEO’s market expansion into the US by two to three years.
The Billingham plant in the UK — the UK’s only electrolyte production facility — provides GEO with a strategically important manufacturing foothold in Western Europe. This secures key capacity in Western Europe and enables GEO to deliver its products to customers within 4-6 hours.
The transaction reflects the mutual long-term perspective shared by MCC and GEO, strengthening not only their strategic alignment but also their partnership outlook.
“By acquiring MCC’s manufacturing facilities, GEO will further enhance their ability to deliver rapid and reliable supply across North America and Europe” said Tony Ma, CEO of GEO. “Additionally, GEO will deepen its partnerships with strategic customers by developing regionally integrated supply chains for electrolyte raw materials and remain committed to delivering the best products and services to our customers while contributing to a low-carbon future.”
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