During the 2018 American BIO International Convention, the largest, most professional, and most influential biotechnology and innovation conference in the world, Boston, USA, the listed company Magnis Resources Limited ( ASX:MNS) has become a new focus with Townsville, Queensland.
At the BIO Conference, a signing ceremony for an agreement to accelerate the Townsville lithium-ion battery plant project was held on June 3. The signing ceremony was attended by Mayor of Townsville Jenny Hill and representatives of Imperium3 Including MNS. As Queensland A member of the state government's trade delegation, the governor of Queensland Annastacia Palaszczuk also attended the ceremony and signed it.
Since joining the Imperium3 consortium in the second half of last year, he has been a graphite miner. The goal is to become the world's largest manufacturer of lithium-ion battery packs. The market for lithium-ion batteries has gradually accelerated and the news has been reported. Following the German lithium-ion battery in January The first phase of the super factory construction project was approved. In February, it successfully won the bid for the US lithium-ion battery manufacturing plant. In March, it signed a letter of intent with Siemens to jointly develop lithium-ion battery manufacturing technology. After a strategic investment in the US lithium-ion battery technology group C4V, Its plans to build 3 large-scale super battery factories worldwide are becoming a step by step reality.
According to the Australian Finance Online database, the Imperium3 consortium is actually a global lithium-ion battery consortium. Prior to its expansion, it consisted of MNS, American lithium battery material IP company C4V and three companies of Boston Energy and Innovation Corporation. Now it absorbed the Eastman Kodak Group. , C&D Assembly, Siemens, Celgard, Probuild, Norman Young & Disney, Ausenco and WT Partnership and other companies joined. The consortium plans to develop into a vertically integrated group including mining and manufacturing companies, providing the world's most advanced battery technology. .
In order to accelerate the progress of the project, the state government has promised to invest 3.1 million Australian dollars to support the feasibility study of the Townsville lithium-ion battery plant project. The feasibility study work is expected to be completed by the end of this year. As part of the state government's funding approval process, Imperium3 has transferred to Queensland. The Ministry of Development submitted detailed financial data.
Mayor Hill said that the signing of the agreement between the Townsville City Council and the Imperium3 is a key step towards the launch of the Townsville Battery Plant project. The plant will hopefully bring significant changes to Townsville and stimulate future economic development.
Governor Palaszczuk stated that the development of battery technology is a natural extension of the full transformation of renewable energy in Queensland. Queensland has always been Australia’s energy state, and this move will help achieve the goal of turning 50% of energy into renewable energy. , Energy storage solutions are crucial to the development of Kunlun’s natural advantages in renewable energy generation.
Dr. Shailesh Upreti, chairman of the imperium3 consortium, also believes that the signing of the agreement and the cooperation are very exciting. The rising nickel and cobalt prices have given the Imperium3 consortium's technology a huge advantage in the market. Currently the Imperium3 consortium is taking advantage of this advantage. Negotiate with large OEMs in the market.
The Townsville Battery Plant project is expected to create 1,000 jobs directly and position Townsville as the world's leading manufacturing development region. This project has also attracted the attention of several large investors at the BIO conference.