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Phillips 66 buys strategic stake in Australia’s NOVONIX

Phillips 66, a diversified energy manufacturing and logistics company based in Houston, Texas, U.S.A., is acquiring a 16% stake in NOVONIX Limited, a Brisbane, Australia-based company that develops and supplies in-demand materials for lithium-ion batteries. This investment is driven by Phillips 66’s Emerging Energy organization, which is tasked with building a lower-carbon business platform. “This […]

The post Phillips 66 buys strategic stake in Australia’s NOVONIX appeared first on F&L Asia.

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