CHASM and Ingevity Expand Partnership Through License Agreement to Secure Local CNT Supply Chain for North American and European EV Battery Gigafactories

Core Insights - CHASM Advanced Materials has signed a license agreement with Ingevity Corporation for the production of carbon nanotube (CNT) additives for battery applications, enhancing their partnership and supporting local supply chains for EV battery materials [2][3][6] Company Overview - CHASM specializes in carbon nanotube production, focusing on low-cost and scalable manufacturing through technology licensing [1] - Ingevity provides products that purify, protect, and enhance various applications, operating in three segments: Performance Materials, Advanced Polymer Technologies, and Performance Chemicals [9][10] Partnership Details - The license agreement allows Ingevity to manufacture CHASM's NTeC-E CNT conductive additives in North America and select European countries, building on a previous joint development agreement [2][3] - The partnership aims to create a reliable, regionally sourced CNT supply for the growing EV battery industry, reducing reliance on overseas supply [6] Product Validation - CHASM's NTeC-E CNT has been validated by Ingevity's battery laboratories and third-party testing, demonstrating superior conductivity and capacity retention compared to other commercial CNT products [4][5] Strategic Goals - The collaboration is positioned to accelerate Ingevity's EV battery materials strategy, leveraging over 40 years of expertise in activated carbon solutions [6]