Canadian clean tech company Nano One Materials Corp [TSX: NANO] [OTC:NNOMF] and Worley Chemetics, the Canadian subsidiary of engineering giant Worley Limited, have been awarded $2.8 million CAD in non-dilutive and non-repayable funding by Next Generation Manufacturing Canada.
The grant is being made through through NGen’s Electric Vehicle Manufacturing Program, to aid in the development of the Canadian electric vehicle supply chain and manufacturing ecosystem.
NGen is an industry-led, non-profit organization that supports the development of world-leading advanced manufacturing capabilities in Canada. The funding will advance a new project to help both companies develop, market and sell CAM (cathode active materials) facility packages that incorporate Nano One’s proprietary One-Pot process into a process engineering design package.
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The grant looks to be a major boost for the partnership between Nano One and Worley Chemetics, which in turn has the potential to scale up Nano One’s commercial ambitions.
“NGen backing Worley Chemetics’ collaboration with Nano One will accelerate the commercial trajectory of the distinctive One-Pot process,” said Laura Leonard, Worley’s Group President of Technology Solutions. “The fastest path to net zero is to standardize or as we are doing with Nano One, design one, build many.”
Nano One partnership with Worley Chemetics
Nano One formed a strategic alliance on May 2, 2024 with Worley, a global professional services company of energy, chemicals and resources experts, with a commitment to sustainability, and specialization in the design and delivery of battery materials facilities, including first-of-a-kind technology scale-up and deployment.
The companies will jointly develop, market and sell CAM facility packages that incorporate the One-Pot process into a process engineering design package. The package will include intellectual property rights, flow sheets, detailed engineering, the operational know-how of both parties and proprietary equipment including reactors and kiln components being supported by NGen.
The One-Pot process combines precursor CAM (pCAM), CAM and CAM coating processes into one holistic process using secure and resilient supply chains while reducing cost, complexity, energy use and environmental footprint.
The elimination of wastewater and harmful by-products has the potential to reduce the cost, time and risk of permitting CAM facilities, to enable designs that can be constructed on a wide range of sites and expedite financial decisions and growth potential.
Drawing on its specialized capabilities, experience and knowledgeable team, Chemetics will support Nano One in identifying the best materials of construction, and fabrication methods for key equipment required for the One-Pot process, and in engineering and delivering the technology and its associated equipment.
What is the project’s goal?
The project’s goal is to integrate both companies’ advanced process and equipment knowledge into the CAM manufacturing ecosystem, enabling the joint marketing and sale of equipment in Canada and around the world.
Design specifications will be determined through rigorous reactor studies, analysis and selection of appropriate materials of construction, ensuring compatibility with feedstocks and reagents, as well as operating conditions.
Why this deal works for Nano One
The collaboration between Nano One and Chemetics will add valuable layers of intellectual property protection to the CAM package offering, providing potential customers with greater reliability on equipment performance and competitive differentiation.
Dan Blondal, CEO of Nano One, said “The capital provided by NGen enables companies such as Nano One and Worley to accelerate technology development, commercialization and deployment. We want to thank NGen for their confidence, for their valuable support and for recognizing Nano One’s accomplishments, partners and business objectives.”
