PCBL Chemical’s Arm Forms US Unit To Tap Battery Chemicals Market

PCBL Chemical Ltd. on Thursday said its subsidiary Nanovace Technologies Ltd. has set up a wholly-owned US unit, Nanovace Inc., to enter the battery chemicals market and strengthen access to North America.

Nanovace’s technology supports localisation of key battery materials like graphite–silicon composites, which are considered strategically critical. The move is aimed at positioning the group as a global player in the battery chemicals space, the company said in an exchange filing.