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Specialty Chemicals

Arkema to buy ionic liquid start-up Proionic

by Alex Scott
April 28, 2024 | A version of this story appeared in Volume 102, Issue 13

 

The French specialty chemical firm Arkema has agreed to acquire almost 78% of Proionic, an Austrian start-up producing ionic liquid-based electrolytes for solid-state lithium-ion batteries. Arkema says the purchase will enable it to offer a broad range of materials for battery producers regardless of battery technology. Proionic’s know-how includes processes for making nonflammable ionic liquids. The company recorded sales in 2023 of about $2.7 million.

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