Advanced Lithium Electrochemistry (Aleees-Taiwan), a subsidiary of lithium intellectual property service provider Aleees-Ky, has signed a Memorandum of Understanding (MOU) with The Indian Farmers Fertilizer Cooperative Ltd. (IFFCO) to explore the transfer of technology authorized by Aleees to IFFCO to produce and build lithium iron phosphate (LFP) battery cathode material plants in India and Jordan.
The companies said the project would eliminate the risk that multinational customers would have to rely on China.
Aleees and IFFCO are also exploring opportunities to build factories in Jordan with end customers. They said since Jordan and the US have signed a free trade agreement, the LFP produced by the Jordanian factory will be supplied to the US market, and end customers can obtain high subsidies and tax credit from the US Inflation Reduction Act.
IFFCO said it is already the largest single buyer of Jordanian phosphates. It also noted that it, along with JPMorgan Chase have established a joint venture project worth $860 million in Jordan for the production of phosphoric acid.