Transfer of Electrolyte Manufacturing Assets in the United States and the United Kingdom

Subsidiaries of Mitsubishi Chemical Corporation (Head Office: Chiyoda-ku, Tokyo; President: Manabu Chikumoto; hereinafter “the Company”) have reached an agreement with Green E Origin SARL (“GEO”) to transfer the lithium-ion battery electrolyte manufacturing assets operated by Mitsubishi Chemical America, Inc., the Company's U.S. subsidiary, and Mitsubishi Chemical UK Ltd., the Company's UK subsidiary, to GEO, and have signed definitive agreements in connection with the transactions.
 

1. Purpose and Background

Our Group's lithium-ion battery electrolyte utilizes proprietary additive technology to suppress side reactions at the electrodes, delivering high power output. Our electrolyte’s outstanding durability and high safety have led to numerous adoptions in automotive applications, and we have also licensed these technologies to battery manufacturers.
 
We have established a strong manufacturing presence in Japan, China, the United States, and the United Kingdom (Europe) to support our xEV customers. To transform to an upgraded business model in the European and American markets, and respond to mid to long-term growth of market, we have decided to transfer our manufacturing bases in the United States and the United Kingdom to GEO. We will continue to focus on advancing our business development through strategic collaboration and strengthening of our manufacturing and sales network.
 

2. Overview of the Business to Be Transferred

Lithium-ion battery electrolyte manufacturing business operated by Mitsubishi Chemical America, Inc. and Mitsubishi Chemical UK Ltd.
① Mitsubishi Chemical America, Inc.
     Place: Memphis TN, U.S.A.
② Mitsubishi Chemical UK Ltd.
     Place: Billingham (Stockton on Tees), U.K.
 

3. Overview of Buyer

・Company name: Green E Origin SARL
・Head office: Luxembourg
・CEO: Tony Ma
・Establishment: June 2023
・Business area: Manufacturing and sales of Lithium-ion battery materials including electrolyte
 

4. Upcoming Schedule

Subject to obtaining approval from the relevant authorities, the transfer is scheduled to take place on March 31, 2026.