Magnis Energy Technologies (ASX:MNS) has appointed Jones Lang Lasalle Americas (NYSE: JLL) as real estate advisor for its planned Active Anode Manufacturing facility in the US.
JLL will assist Magnis in identifying and securing a real estate solution for its planned AAM facility in the US that best meets the Company’s long-term operational plans. JLL will also assist Magnis in selecting, negotiating, and documenting the transaction for the planned facility.
Additionally, the company has placed orders for key long lead time equipment with leading supplier Hosokawa Alpine Aktiengesellschaft for its Active Anode Material Demonstration Plant.
Hosokawa Alpine is an international provider of particle processing products and systems for powder analysis. It has more than 120 years of experience and innovation, supplying customers in the chemicals, pharmaceutical, food, minerals and metals, as well as the recycling industries.
Working in conjunction with its battery technology partner C4V LLC, the company reports that the demonstration plant will produce battery grade materials that will enable Magnis to provide samples to prospective customers as part of their qualification process.
Addressing the appointment, Magnis CEO David Taylor says: “We are very pleased to have engaged Jones Lang Lasalle to assist with the site selection process for our US active anode materials facility.
There are multiple factors that need to be considered when identifying and securing a suitable site, and Jones Lang Lasalle demonstrated that they have the experience, technology, and resources to meet our needs.
“There are multiple factors that need to be considered when identifying and securing a suitable site, and Jones Lang Lasalle demonstrated that they have the experience, technology, and resources to meet our needs”
The placement of key equipment orders for our demonstration plant is a major step forward, and we are now looking forward to working in collaboration with our technology partner C4V to advance the project into the delivery phase.”
JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of 30 September 2022. It is a publicly listed professional services firm that specialises in real estate and investment management.
Magnis is a vertically integrated lithium-ion battery technology and materials company with strategic assets, investments, and partnerships in several aspects of the electrification supply chain. The company’s US-based subsidiary Imperium3 New York (iM3NY) operates a gigawatt scale lithium-ion battery manufacturing plant in Endicott, New York.
Magnis along with its joint venture and technology partner Charge CCCV LLC are the major shareholders in iM3NY.
Write to Adam Orlando at Mining.com.au
Images: Magnis Energy Technologies Ltd
