ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
Japan’s Toray Industries is buying out the 50% interest held by ExxonMobil’s Japanese affiliate, TonenGeneral, in the battery separator joint venture Toray Tonen Specialty Separator. Toray will pay TonenGeneral about $700 million. The companies formed the joint venture in early 2010 using ExxonMobil-developed technology for multilayered porous polyethylene membranes for lithium-ion batteries. The partnership has plants in Nasu, Japan, and Gumi, South Korea. Toray says it needs to take over the joint venture so it can better fend off competition in a fast-paced market. ExxonMobil recently acknowledged that it is in discussions with TonenGeneral about possibly restructuring its operations in Japan.
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on X