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Nano One Provides Progress Update on Its Alliance with Worley and Cost Comparison Demonstrating the Case for One-Pot(TM) Enabled LFP Cathode Production

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Nano One Materials and Worley Chemetics provided an update on their Strategic Alliance, highlighting significant progress in their One-Pot™ process for lithium iron phosphate (LFP) production. A cost comparison study revealed that the One-Pot process could enable at least 30% lower costs in total invested capital and up to 30% lower operational costs, while using up to 80% less energy than traditional methods.

The analysis compared two 25,000-tonne annual capacity North American CAM production facilities, demonstrating One-Pot's advantages in eliminating sodium sulphate wastewater and reducing process complexity. The Alliance has completed a modular plant layout and is now offering a detailed pre-license package to potential customers.

Nano One Materials e Worley Chemetics hanno fornito un aggiornamento sulla loro Alleanza Strategica, evidenziando i progressi significativi nel loro processo One-Pot™ per la produzione di fosfato ferroso di litio (LFP). Uno studio di confronto dei costi ha rivelato che il processo One-Pot potrebbe consentire almeno costi inferiori del 30% in termini di capitale investito totale e fino al 30% di riduzione dei costi operativi, utilizzando fino all'80% di energia in meno rispetto ai metodi tradizionali.

L'analisi ha confrontato due impianti di produzione CAM da 25.000 tonnellate di capacità annua in Nord America, dimostrando i vantaggi del One-Pot nell'eliminare le acque reflue di sodio solfato e nella riduzione della complessità del processo. L'Alleanza ha completato un layout per impianti modulari ed è ora in grado di offrire un pacchetto pre-licenza dettagliato ai potenziali clienti.

Nano One Materials y Worley Chemetics proporcionaron una actualización sobre su Alianza Estratégica, destacando los avances significativos en su proceso One-Pot™ para la producción de fosfato de hierro y litio (LFP). Un estudio de comparación de costos reveló que el proceso One-Pot podría permitir costos al menos un 30% más bajos en capital invertido total y hasta un 30% menos en costos operativos, utilizando hasta un 80% menos de energía que los métodos tradicionales.

El análisis comparó dos instalaciones de producción CAM con capacidad anual de 25,000 toneladas en América del Norte, demostrando las ventajas del One-Pot en la eliminación de aguas residuales de sulfato de sodio y en la reducción de la complejidad del proceso. La Alianza ha completado un diseño de planta modular y ahora está ofreciendo un paquete de pre-licencia detallado a posibles clientes.

나노 원 소재(Nano One Materials)와 Worley Chemetics는 리튬 철 인산염(LFP) 생산을 위한 One-Pot™ 공정에서의 중요한 진전을 강조하며 전략적 동맹에 대한 업데이트를 제공합니다. 비용 비교 연구에 따르면, One-Pot 공정은 최소 30% 낮은 비용으로 총 투자 자본을 줄이고, 기존 방법보다 최대 30% 낮은 운영 비용을 가능하게 하며, 최대 80%까지 에너지를 덜 소모할 수 있습니다.

이 분석은 북미에 있는 연간 25,000톤 생산 능력을 가진 두 개의 CAM 생산 시설을 비교하여, 나트륨 황산염 폐수를 제거하고 공정의 복잡성을 줄이는 One-Pot의 이점을 입증했습니다. 동맹은 모듈형 공장 레이아웃을 완료했으며 현재 잠재 고객에게 상세한 사전 라이센스 패키지를 제공하고 있습니다.

Nano One Materials et Worley Chemetics ont fourni une mise à jour sur leur Alliance Stratégique, soulignant des progrès significatifs dans leur processus One-Pot™ pour la production de phosphate de fer au lithium (LFP). Une étude de comparaison des coûts a révélé que le processus One-Pot pourrait permettre des coûts inférieurs d'au moins 30% en capital investi total et jusqu'à 30% de coûts opérationnels réduits, tout en utilisant jusqu'à 80% moins d'énergie que les méthodes traditionnelles.

L'analyse a comparé deux installations de production CAM de 25 000 tonnes de capacité annuelle en Amérique du Nord, démontrant les avantages du One-Pot dans l'élimination des eaux usées de sulfate de sodium et dans la réduction de la complexité des processus. L'Alliance a achevé un aménagement d'usine modulaire et propose désormais un package préalable à la licence détaillé aux clients potentiels.

Nano One Materials und Worley Chemetics haben ein Update zu ihrer Strategischen Allianz gegeben, das signifikante Fortschritte in ihrem One-Pot™-Verfahren zur Produktion von Lithiumeisenphosphat (LFP) hervorhebt. Eine Kostenvergleichsstudie hat ergeben, dass das One-Pot-Verfahren mindestens 30% niedrigere Kosten für das investierte Gesamtkapital und bis zu 30% niedrigere Betriebskosten ermöglichen könnte, während es bis zu 80% weniger Energie als traditionelle Methoden verbraucht.

Die Analyse verglich zwei Produktionsstätten in Nordamerika mit einer Jahreskapazität von 25.000 Tonnen, die die Vorteile von One-Pot bei der Eliminierung von Natriumsulfat-Abwasser und der Reduzierung der Prozesskomplexität demonstriert. Die Allianz hat ein modulare Anlagendesign abgeschlossen und bietet nun potenziellen Kunden ein detailliertes Vorlizenzpaket an.

Positive
  • Cost analysis shows 30% lower capital and operational costs compared to incumbent methods
  • Up to 80% reduction in energy consumption
  • Up to 80% less process water usage and 50% lower GHG emissions
  • Elimination of sodium sulphate wastewater
  • US$12.9M award from US Department of Defense
  • C$2.8M award from Next Generation Manufacturing Canada
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / December 4, 2024 / (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB)

  • Detailed pre-license package now being offered to target customers.

  • Cost comparison confirms economic advantages of One-Pot process.

  • "Design-one-build-many" plant layouts completed.

  • Further engineering underway to scale-up and de-risk technology delivery.

Nano One® Materials Corp. ("Nano One" or the "Company"), a clean technology company with a patented process for the low-cost, low-greenhouse gas (GHG) production of lithium-ion battery cathode active materials (CAM), is pleased to report on the progress of the Worley Chemetics - Nano One Strategic Alliance ("Alliance"), including a jointly conducted cost comparison confirming the economic advantages of Nano One's patented One-Pot™ process for lithium iron phosphate (LFP). In addition, the preliminary design and full-scale layout of the modular "design-one-build-many" plant is complete and being marketed with the cost comparison study to prospective clients.

Figure 1. Preliminary design and layout of the modular One-Pot-enabled LFP cathode production line.
Image Source: Worley and Nano One.

The comparative analysis showed that One-Pot could enable at least 30% lower costs in total invested capital and up to 30% lower operational costs, using up to 80% less energy than the incumbent method. One-Pot also eliminates sodium sulphate wastewater and as reported on December 6, 2023, could use up to 80% less process water and reduce GHG emissions by up to 50% depending on energy sources and jurisdiction.

Laura Leonard, Worley Group President of Technology Solutions, said, "As we continue marketing the One-Pot process, it's compelling to see data demonstrating our competitive edge. We are working collaboratively with Nano One on initial sales efforts while developing a detailed LFP CAM technology package for potential licensees. Nothing is more validating than the interest we are seeing from our mature customer base."

The benefits of One-Pot mainly attribute to the elimination of the iron and phosphate precursor steps (pCAM) by integrating them with the lithium addition step (CAM), high efficiency thermal processing and the elimination of sodium sulphate wastewater. These factors reduce complexity, costs, footprint and energy consumption and are a credible benchmark for sustainable, scalable and highly competitive CAM production with facilities that should be easier to site, permit, construct and operate.

The Strategic Alliance has also completed a layout of the modular plant with operability and maintainability in mind and is accelerating engineering and qualification of vendor equipment to complete the LFP CAM Technology Package and support customer ambitions in this market. Worley Chemetics, a wholly owned subsidiary of Worley, who develop, design, fabricate and sell chemical processing technology packages globally, has had 60 years of proven success with this approach.

Nano One CEO Dan Blondal said, "The economic rationale and business case for licensing One-Pot enabled LFP CAM technology packages are rapidly coming together due in part to Worley's industry-leading expertise and Nano One's advanced work on LFP. The Alliance is increasingly well positioned to provide a leading, cost-competitive and environmentally focused solution for the production of LFP."

The analysis estimated and compared the cost of two 25,000 tonne per annum (tpa) North American CAM production facilities that convert iron, phosphate and lithium sources into LFP, one enabled with One-Pot technology from Nano One, and the other using incumbent high-volume production technology from China. The operating and capital cost estimates of the incumbent technology were done to a Class 5 level in accordance with the Association for the Advancement of Cost Engineering (AACE) and included the treatment of sodium sulphate wastewater in North America. Comparisons were made with Nano One's One-Pot process from a previously completed FEL-2 pre-feasibility study and an ongoing FEL-3 feasibility study. Nano One and Worley are confident with the cost estimates which are based on equipment quotes from various major vendors, installation factors, indirect costs, and best practices in engineering, procurement and construction management (EPCM). The specifics on the analysis are commercially sensitive and are being held in confidence so they may be leveraged effectively by the Alliance in marketing and technology licensing discussions with potential customers.

Background

Worley and Nano One entered into a Strategic Alliance Agreement and a License Agreement on May 2, 2024, and are jointly developing, marketing and licensing a process engineering design package (CAM Package) to produce LFP CAM. The CAM Package incorporates Nano One's patented One-Pot processing technology and reduces cost, energy intensity, GHG emissions, and permitting risk by reducing process complexity and eliminating sodium sulphate wastewater.

Nano One made a pivotal acquisition in Q4 2022 of North America's only LFP production facility in Candiac, Québec and has integrated its highly experienced team. This led to transformative strategic partnerships with Rio Tinto, Sumitomo Metal Mining and Worley.

The Candiac facility is crucial for providing target end customers and licensees with samples for qualification and is serving as a launchpad for Nano One and Worley's "design-one-build-many" licensing growth strategy. Capacity expansion at the plant is supported in part by a US$12.9M award from the US Department of Defense, as announced on September 26, 2004, while the design and construction of proprietary equipment are being supported in part by a C$2.8M award from Next Generation Manufacturing Canada (NGen), as announced on August 13, 2024.

Explore more about Nano One's sustainable One-Pot process and its environmental benefits at nanoone.ca/technology.

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About Worley

Worley is a global professional services company of energy, chemicals and resources experts. We partner with customers to deliver projects and create value over the life of their assets. We're bridging two worlds, moving towards more sustainable energy sources, while helping to provide the energy, chemicals and resources needed now. Worley Limited is headquartered in Australia and listed on the Australian Securities Exchange (ASX: WOR).

About Nano One®

Nano One® Materials Corp. (Nano One) is a clean technology company changing how the world makes cathode active materials for lithium-ion batteries. Applications include electric vehicles (EVs), stationary energy storage systems (ESS), and consumer electronics. The Company's patented One-Pot process reduces costs, carbon intensity (lower GHGs), environmental footprint, and reliance on problematic supply chains. Scalability is proven and being demonstrated at Nano One's LFP (lithium-iron-phosphate) pilot production plant in Québec-the only facility and expertise of its kind outside of Asia. Strategic collaborations and partnerships with international companies like Sumitomo Metal Mining, Rio Tinto, and Worley are supporting a global growth strategy via technology licensing and joint ventures. Nano One has received funding from the Government of Canada, the Government of the United States and the Government of British Columbia. The company is leveraging deep industry expertise and plans to license and deploy cleaner cathode manufacturing plant design packages-delivering cost-competitive and faster-to-market battery materials solutions world-wide.

For more information, please visit nanoOne.ca

Company Contact:

Paul Guedes
info@nanoone.ca
(604) 420-2041

Cautionary Notes and Forward-Looking Statements

Certain information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes but is not limited to: the success of the Alliance, streamlining operations, LFP production, joint ventures, contracted projects, revenue generation, operational growth, licensing, offtakes, capacity expansion through use of funding from the Department of Defense, funding from Sustainable Development Technology Canada, the development of technology, supply chains, and plans for construction and operation of cathode production facilities and Development Project; the Company's current and future business and strategies; estimated future working capital, funds available, and uses of funds, future capital expenditures and other expenses for commercial operations; industry demand; incurrence of costs; competitive conditions; general economic conditions; the intention to grow the business, operations and potential activities of the Company; the functions and intended benefits of Nano One's technology and products; the development and optimization of the Company's technology and products; prospective partnerships and the anticipated benefits of the Company's partnerships; the Company's licensing and, the scalability of developed technology to meet expanded capacity; and the execution of the Company's stated plans - which are contingent on access to capital and grants. Generally, forward-looking information can be identified by the use of terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', ‘target', ‘goal', ‘potential' or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: general and global economic and regulatory changes; next steps and timely execution of the Company's business plans; the development of technology, supply chains, and plans for construction and operation of cathode production facilities; successful current or future collaborations that may happen with OEM's, miners or others; the execution of the Company's plans which are contingent on support and grants; the Company's ability to achieve its stated goals; the commercialization of the Company's technology and patents via license, joint venture and independent production; anticipated global demand and projected growth for LFP batteries; and other risk factors as identified in Nano One's MD&A and its Annual Information Form dated March 27, 2024, both for the year ended December 31, 2023, and in recent securities filings for the Company which are available at www.sedarplus.ca. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

SOURCE: Nano One Materials Corp



View the original press release on accesswire.com

FAQ

What are the cost savings of Nano One's (NNOMF) One-Pot process compared to traditional LFP production?

According to the December 2024 update, Nano One's One-Pot process enables at least 30% lower costs in total invested capital and up to 30% lower operational costs compared to traditional LFP production methods.

How much does Nano One's (NNOMF) One-Pot process reduce energy consumption?

The One-Pot process uses up to 80% less energy compared to incumbent LFP production methods, as reported in December 2024.

What government funding has Nano One (NNOMF) received in 2024?

Nano One received a US$12.9M award from the US Department of Defense and a C$2.8M award from Next Generation Manufacturing Canada (NGen) in 2024.

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