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P&O Chemical Achieves Milestone with Domestic Pitch Production for EV Batteries

South Korea
p 003670.KO Blue Chip 150
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In a significant development, P&O Chemical, a joint venture of POSCO Future M and OCI Holdings, marks the completion of its pitch factory in Gongju, capable of producing 15,000 tons of high softening point pitch annually. This domestically produced pitch is integral to EV battery cathode materials, supporting batteries for around 3 million electric vehicles. The venture enhances supply stability and reduces reliance on imports. P&O Chemical’s pitch, known for its high softening point, withstands elevated temperatures, improving cathode material performance. POSCO Future M aims to strengthen its value chain, increasing business competitiveness across cathode materials and final product production.

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