Epsilon Advanced Materials (EAM), a leading global manufacturer of environmentally conscious lithium-ion battery (LiB) anode & cathode materials launches its first edition of Sustainability Report for 2023-24. This report got unveiled in presence of Mr. Srikant Nagulapalli, Additional Secretary, Ministry of Power, Government of India at Confederation of Indian Industries (CII) India’s Outlook on Clean Energy Storage: A Roadmap to Net Zero summit in Delhi.
This report shows EAM’s commitment towards Environment, Sustainability & Governance initiatives, including meeting 100% of its energy needs through a waste heat recovery power plant and achieving Zero Liquid Discharge (ZLD) by treating and reusing 100% of its wastewater on-site. EAM’s graphite anode materials Lifecycle Assessment (LCA) shows encouraging results towards manufacturing environmentally sustainable battery materials for Electric Vehicles (EVs) and Energy Storage Systems (ESS). The study compared the Global Warming Potential (GWP) of EAM’s graphite anodes to those produced in China, revealing that Epsilon’s production processes generate significantly lower emissions up to 78%, contributing to global carbon reduction efforts. The LCA covered every stage of EAM’s production cycle, from raw material extraction to the final product, showcasing optimizations for superior environmental performance.
The report also highlights the company’s progress in digital transformation, with a current digital adoption rate of 69% with target for 100% digitalization by 2025 to enhance transparency, operational efficiency, financial consolidation, treasury management, and sustainability tracking.
In addition to its environmental achievements, EAM’s Corporate Environmental Responsibility (CER) initiatives have positively impacted over 300,000 lives across 49 villages in Vijayanagar, Karnataka. EAM has contributed towards betterment of health, education, gender equality, and infrastructure development in these communities, while also providing 12 lakh liters of drinking water to villages in Karnataka during times of scarcity.
Vikram Handa, Managing Director, Epsilon Group said “Epsilon Advanced Materials was founded with the vision to enable the global EV battery supply chain, through sustainable products towards clean energy transition. We have embedded sustainable principles across every aspect of our operations from raw material sourcing to waste minimization, product innovation to circularity ensuring that our battery materials actively contribute to the decarbonization of e-mobility and energy storage.”
Sunit Kapur, Chief Executive Officer, Epsilon Advanced Materials said “Our inaugural Sustainability Report ‘Electrifying the Road to a Greener Tomorrow’ clearly shows our efforts to deliver high-performance battery materials while minimizing environmental impact. As India’s first fully integrated producer of graphite anode materials, we are shaping a cleaner and greener future through circularity, innovation, and responsible practices, ensuring transparency and accountability.”
The sustainability report is available on https://epsilonam.com/sustainabilty.html
About Epsilon Advanced Materials
Epsilon Advanced Materials Pvt. Ltd. (EAMPL), established in 2018 is a subsidiary of Epsilon Carbon Pvt. Ltd., is dedicated to developing sustainable and high-performance battery i.e. anode & cathode active materials for strengthening the domestic & global battery material supply chain. The company has successfully commissioned India’s 1st Graphite Anode material customer qualification plant in Bellary, Karnataka with plans to produce 30,000 tons/annum by 2026 which will scale up to 100,000 tons/annum by 2030.
Epsilon Advanced Materials has made strategic investments globally, including a $650 million investment in North Carolina for graphite anode material facility with 60,000 tons capacity by 2030 and a graphite processing plant in Finland, Europe with an investment of Euro 600 million for 60,000 tons capacity by 2030. EAMPL recently forayed into lithium-ion phosphate (LFP) based Cathode Active Material business through a technology center in Germany reflects its commitment to technological advancement in the battery industry. EAM also plans to build India’s 1st Cathode Active Material manufacturing facility with 10,000 tons by 2026 to scale up-to 100,000 tons/annum by 2031. These initiatives align with its mission to support the global battery industry and contribute to sustainable development to Energize the World.
