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Capchem Technology will invest USD 260 million in a new electrolyte solvent plant in Yanbu Heavy Industrial Park, Saudi Arabia, producing 200,000 tons of carbonate solvents and 100,000 tons of ethylene glycol annually, to be completed within three years.
“Capchem Technology, a Shenzhen-based supplier of fine chemical products for lithium-ion batteries, announced plans to invest USD 260 million in a new electrolyte solvent plant in Saudi Arabia, alongside up to CNY 200 million (approximately USD 28.6 million) to expand its Polish electrolyte facility.”battery-tech.net
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