Wednesday, February 01, 2023

Urbix: Mesa electric vehicle battery supplier collaboration with global company for US production

Urbix finds itself increasingly at the center of important conversations around the future of energy in the United States.

“Globally we’re seeing a trend of the electrification of everything,” says Nico Cuevas, CEO and Chairman of Urbix, a company that has found itself growing into world demand for the product they have helped revolutionize.

Cuevas points out that roughly 22 percent of the lithium-ion battery in an electric vehicle is made up of purified and processed graphite. At present, no graphite is mined in the United States and at least 85 percent of natural purified graphite comes from China. Until now.

Urbix’s proprietary methods for the purification and spheroidization of natural graphite are revolutionary and steeped in a genesis of clean and green technology, placing them at the head of a growing field.

Mesa electric vehicle battery supplier collaborating with global company for US production 



Jeff Gifford
4 - 5 minutes


Mesa-based graphite processing company Urbix Inc. says it’s closer to establishing a $280 million production facility now that it has signed a joint development agreement with South Korea-based global electric vehicle battery maker SK On (SKO) Co. Ltd. to develop materials for advanced lithium-ion batteries.

Under the deal, Urbix will work with SKO on industrialized anode materials that will supply the battery maker’s American gigafactories.

✓ Urbix was founded in 2014 and describes itself as the only U.S. company producing natural battery grade graphite for use in electric vehicles and battery storage systems. It says that its partnership with SKO will accelerate its plans to establish a commercial anode production facility. Plans call for producing 28,500 metric tons of anode products yearly — enough to power 350,000 high-performance EVs — by 2025.

The Mesa company said through a spokesperson that it hasn’t decided yet where its production facility will be located but that it hopes to secure a site by the end of March, and places both inside and outside Arizona are being considered. Urbix currently employs 55 people in Arizona and said it hopes to hire at least another 30 over the next 12 months.

The partnership with SKO helps reduce the need for EV battery-grade graphite from China.

Working with such a renowned battery manufacturer means that we can accelerate our production efforts, and more effectively address the supply of graphite,” Urbix CEO Nico Cuevas said in a statement. “By utilizing Urbix’s innovative technologies, we can shift more of the refinement and production of battery-grade graphite to the US, a mission we remain committed to.”

Urbix says its proprietary graphite processing system uses 10% of the energy, 6% of the acid and 7% of the time needed by existing processes. The Mesa company also said it eliminates the use of hydrofluoric and hydrochloric acids and has yields that are more than twice the industry standard." 

(RELATED CONTENT on this blog - scroll down)

✓ SKO is the lithium-ion battery subsidiary of SK Innovation. It has two battery manufacturing plants in Georgia. It also has a joint venture with Ford Motor Co., called BlueOval SK, to build three more battery plants in the Southeast that will go online in 2025. That ramp-up in U.S. production means more U.S. supplies are needed. 

✓ The deal also helps SKO benefit under provisions of the federal Inflation Reduction Act, or IRA, which uses tax credits to encourage domestic energy production and manufacturing using domestic supplies. The IRA also aims to reduce carbon emissions by about 40% before 2030.

“This agreement is meaningful in increasing the possibility of securing eco-friendly and high-performance anode active materials for use in SK On’s U.S. plants,” Sun Heeyoung, SK On’s vice president in charge of advanced research, in a statement. “SK On will continue to work to develop anode materials that can maximize battery performance.”


 RELATED CONTENT on this blog

Showing posts sorted by relevance for query Urbix. Sort by date Show all posts
Showing posts sorted by relevance for query Urbix. Sort by date Show all posts

RELATED CONTENT 

EV battery manufacturer SK On announced a joint development agreement (JDA) ... SK On currently focuses on building global production bases in the U.S. and ...
 
urbixresources.com

Senator Mark Kelly’s Visit to Urbix Inc. Highlights Importance of Graphite Processing to Economic and National Security - Urbix, Inc.

3 - 4 minutes

Urbix

Urbix, Inc. CEO, Chairman & co-founder, Nico Cuevas (right) greets Senator Mark Kelly (D-AZ) at the Urbix pilot plant at Mesa, Arizona.

On July 9th, U.S. Senator Mark Kelly (D-AZ) toured Urbix, Inc. in Mesa, Arizona, the only environmentally friendly U.S.-based processor of natural graphite in the country. During his visit, Senator Kelly met with the Urbix leadership team and workers at the facility. The tour showcased Urbix’s proprietary methods and technology for purifying and spheroidizing natural graphite, an essential component in lithium-ion batteries. Senator Kelly and the Urbix leadership team also discussed graphite’s increasing importance to the country’s economic future and national security interests, as well as the environmental benefits of processing natural graphite in the U.S. instead of China.

America faces intense competition from geopolitical rivals to secure reliable and sustained access to critical minerals like graphite.

Urbix

From left: Urbix Director of Operations, Luis Olaguibel; CEO & Chairman, Nico Cuevas, Executive Vice-President, Anthony J. Parkinson; and Senator Mark Kelly (D-AZ) tour the Urbix pilot plant.

“We are fortunate to have leaders like Senator Kelly who are focused on securing supply chains for critical minerals to strengthen the country’s economic future and national security,” said Nico Cuevas, CEO, and Chairman of Urbix Inc. “We are in a competition to lead the global economy and the energy transition that is happening through increased demand for advanced batteries. It is not too late to make the investments and policy changes required to encourage innovation and investment in the industries that will make U.S. companies more competitive in the global market.”

Senator Kelly is also working to address climate change and is a champion of research and development to identify technologies that reduce emissions and make renewable energy more cost-effective. Following his visit, Senator Kelly expressed his support for graphite processing’s critical role in building the 21st century economy.

“Arizona is home to the high tech workforce needed to enhance the supply chain and help our nation achieve its renewable energy goals,” said Senator Mark Kelly. “Homegrown companies like Urbix are innovators in the important effort to maintain American energy independence and break our reliance on China for critical minerals. By making investments in infrastructure, including electric vehicle infrastructure, and in parts of the technology supply chain including microchips, we can continue to grow Arizona’s tech leadership.”

Cuevas added: “We want to thank Senator Kelly for his visit and support for American companies powering the future economy. We look forward to continuing our work to ensure Arizona will be a national leader in driving America’s energy transition. ◊

5 days ago · Mesa-based graphite processing company Urbix Inc. says it's closer to establishing a $280 million production facility now.

About us. Cultivate your business in Mesa, Arizona! With a population of more ... Mesa electric vehicle battery supplier collaborating with global company ...
Urbix is the first and only truly American clean commercial manufacturer of battery anode materials geared to address the opportunities and challenges ...

Urbix, Inc.

Manufacturer in Mesa, Arizona
Address: 3110 N Greenfield Rd Suite 127, Mesa, AZ 85215
Hours: Closed ⋅ Opens 8 AM Thu
Phone: (480) 590-6925
Urbix is the only U.S. company that produces natural battery grade graphite for use in electric vehicles and battery storage systems.

X

Tuesday, January 31, 2023

What's That?

 


About Marginal Revolution

Marginal Revolution is the blog of Tyler Cowen and Alex Tabarrok, both of whom teach at George Mason University. MR began in August of 2003 and there have been new posts daily since that time. In numerous reviews and ratings over the years Marginal Revolution has consistently been ranked as the best or one of the best economic blogs on the web, but it is more (and less) than that, also representing the quirks of its authors.

 

Tyler Cowen is Holbert L. Harris Professor of Economics at George Mason University and also Director of the Mercatus Center. He received his Ph.d. in economics from Harvard University in 1987. His book The Great Stagnation: How America Ate the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better was a New York Times best-seller. He was recently named in an Economist poll as one of the most influential economists of the last decade and several years ago Bloomberg BusinessWeek dubbed him "America's Hottest Economist." Foreign Policy magazine named him as one of its "Top 100 Global Thinkers" of 2011. His next book, about American business, is due out in 2019. He has blogged at Marginal Revolution every day for almost fifteen years. 



A

Alex Tabarrok

Professor Monetary theory, financial economics, and welfare economics

Alex Tabarrok is Bartley J. Madden Chair in Economics at the Mercatus Center and a professor of economics at George Mason University. Along with Tyler Cowen, he is the co-author of the popular economics blog Marginal Revolution and co-founder of Marginal Revolution University. He is the author of numerous academic papers in the fields of law and economics, criminology, regulatory policy, voting theory and other areas in political economy. He is co-author with Tyler of Modern Principles of Economics, a widely used introductory textbook. He gave a TED talk in 2009. His articles have appeared in the New York Times, the Washington Post, the Wall Street Journal, and many other publications.


 

marginalrevolution.com

Signs of encroaching mental GPT-dom - Marginal REVOLUTION

Tyler Cowen
1 - 2 minutes

1. You use the word “token” more than you ought to, for reasons that have nothing to do with crypto.

2. If a friend says something incorrect, you tell them they are “hallucinating.”

3. You phrase your google queries like GPT queries, for instance using question marks.

4. “Please say more” is your new mantra.  “Answer step by step” is another.

5. You ask your friends for answers in the third person: “But what would Larry Summers say to that?”

6. You start thinking your friend Claude is a walking encyclopedia, a wonderful and diversely talented literary stylist, and taking psychedelics.

7. When you read or hear “davinci,” your thoughts do not jump to the Mona Lisa.

8. You start imagining all sorts of co-authorships, collaborations and even marriages that simply do not exist.

9. You decide Thomas Pynchon really was underrated after all.

10. You start expecting everyone else to be so eager to please you.

What else?

Econ Papers!

 


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Political Instability and Economic Growth

Swagel, Phillip Lee
2 - 3 minutes

Alberto Alesina, Sule Özler, Nouriel Roubini and Phillip Swagel

Journal of Economic Growth, 1996, vol. 1, issue 2, 189-211

Abstract: This paper investigates the relationship between political instability and per capita GDP growth in a sample of 113 countries for the period 1950 through 1982. We define political instability as the propensity of a government collapse, and we estimate a model in which such a measure of political instability and economic growth are jointly determined. The main result of this paper is that in countries and time periods with a high propensity of government collapse, growth is significantly lower than otherwise. We also discuss the effects of different types of government changes on growth. Coauthors are Sule Ozler, Nouriel Roubini, and Phillip Swagel. Copyright 1996 by Kluwer Academic Publishers

Date: 1996
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Too Soon for Global Optimism | by Kenneth Rogoff - Project Syndicate

 

www.project-syndicate.org

Too Soon for Global Optimism | by Kenneth Rogoff - Project Syndicate 



Kenneth Rogoff
6 - 8 minutes

"It is hard to reconcile the jubilant mood of many business leaders with the uncertainty caused by the war in Ukraine. While there are some positive signs of economic recovery, a sudden escalation could severely destabilize the global economy, cause a stock market crash, and accelerate deglobalization.

LONDON – Many of those who attended this year’s meeting of the World Economic Forum in Davos were struck by the jubilant mood of the CEOs in attendance. It was hard to reconcile the optimism of these business leaders with the short-term and long-term economic uncertainty caused by the war in Ukraine.

To be sure, there are grounds for cautious optimism, like China’s 180-degree turn on its draconian zero-COVID strategy. Soon, the country could see a huge wave of “revenge spending,” driven by pent-up demand from consumers who have spent much of the past three years in lockdown and now have the equivalent of trillions of dollars in savings to spend. Many have pinned their hopes for a global recovery on this scenario, hoping that Chinese shoppers can boost growth and push oil prices back to $100 a barrel. But regardless of what happens in China, India continues to enjoy strong growth, aided by purchases of discounted Russian oil.

Europeans, for their part, seem thrilled by over-confident forecasts that the continent’s economy will not fall into recession in 2023 – or at least not a bad one. Even Italy has revised upward its growth estimates and is now expected to grow by 0.6% this year. Given that climate change is at the top of the European Union’s policy agenda, it is ironic that global warming seems to have saved Europe from the gas shortages and price spikes that many analysts had predicted.

Many Europeans might also argue that the United States is more at risk of a significant recession, given that the full effect of the Federal Reserve’s aggressive interest-rate hikes will not be felt until later this year. They would be half right, as the US would need a healthy dose of luck to bring down inflation to the Fed’s 2% target without a major downturn. At the same time, European policymakers seem scared that the clean-energy subsidies included in the US Inflation Reduction Act will siphon off much-needed investment from the continent.

But whatever economic growth these countries experience is contingent on the war in Ukraine. With no endgame in sight, the war could severely destabilize the global economy, causing both short-term and long-term disruptions.

For example, suppose that Russian President Vladimir Putin becomes exhausted and desperate enough to use battlefield nuclear weapons. In that case, all bets are off, and a global stock market crash would be all but certain. But China’s likely response remains far less clear. If Chinese President Xi Jinping denounced Putin for using nuclear weapons but at the same time continued to buy Russian oil and commodities, the West would be forced to impose secondary sanctions on the countries enabling the Russian war machine – namely, India and China."

· There will be a recession due to coronavirus, says Nouriel Roubini · watch now.

 


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