Zenaxis, a global accelerator and TIPS operator, announced on the 12th that it has invested in CI Chemicals, which produces high-purity materials for secondary batteries, semiconductors, and displays.
CI Chemical is a company that produces core secondary battery materials such as high-purity alumina, lithium carbonate, and cathode precursors, and also possesses waste battery recycling technology. Since its establishment in 2012, it has built production facilities in Gwangju and began exporting to overseas markets such as Japan in 2016. Recently, it completed the development of cathode precursor manufacturing technology in Gwangyang, Jeollanam-do, and is supplying materials to major domestic and international cathode material manufacturers.
In particular, the secondary battery doping material market is considered a difficult field to enter due to high technological entry barriers and strict quality standards, but CI Chemical has already established a stable supply chain by registering as a vendor to many large companies. Currently, it is continuing to grow sales through new product development and customized material supply, and plans to continue its growth through future plant expansion and business diversification.
The company also has its own Synergic Solvent Extraction (SSX) technology in the field of waste battery recycling. This technology has proven its commercialization potential by efficiently recovering rare metals such as nickel, cobalt, and lithium while simplifying the existing complex extraction process. Another strength is its operational capabilities that can perform the entire process from production to facility maintenance.
Zenaxis, which led this investment, will also support CI Chemical’s R&D and commercialization through the TIPS program operated in conjunction with the Ministry of SMEs and Startups. Zenaxis stated, “CI Chemical is a company that has secured independent technology and global market competitiveness in the high value-added materials field,” and “We expect this investment to accelerate technological advancement and global expansion.”
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