Released on 22/10/12

Oxis Energy, based in Abingdon, England, will be able to commercialize its lithium-sulfur (Li-S) battery technology with the help of a $24 M investment from South African oil and chemicals company Sasol. Aside from cash, Sasol is also providing Oxis capability and experience in process scale-up and commercial production. In exchange, Sasol will own a minority stake in Oxis. Oxis' Li-S battery comprises a sulfur-based cathode, a lithium metal anode, and a lithium sulfide electrolyte. The battery is claimed to be able to outperform lithium-ion batteries on various parameters. The company's Li-S battery is expected to be on the market in 2014 or 2015. If the Li-S battery is adopted in the electric-car market, the battery will have to compete on performance and price against established lithium-ion batteries.

SOURCE ICIS News