Masan High-Tech Materials develops products for green energy industries

Oct 30, 2023

Masan High-Tech Materials is dedicated to innovation, focusing on climate change, green development, clean energy, and digital transformation.

Prime Minister Phạm Minh Chính visits Masan High-Tech Materials’ booth at the Vietnam International Innovation Expo2023 (VIIE 2023)

Masan High-Tech Materials (MHT) is participating in the Vietnam International Innovation Expo 2023 (VIIE 2023) as one of the leading technology enterprises. The event, taking place Oct. 28 to Nov. 1, has attracted nearly 300 big corporations and tech giants.

MHT is one of the world’s leading manufacturers of high-tech tungsten, with production complexes in Vietnam, Germany, Canada, and China and two R&D centers in Germany and Vietnam. It is a member company of Masan Group, which currently owns the Nui Phao polymetallic tungsten mine in Thai Nguyen in northern Vietnam.

The company is a high-tech material manufacturer possessing modern production technology, strict management processes, and compliance with environmental protection regulations. It also implements carbon neutrality initiatives, promoting a circular economy, and saving energy.

With a clearly defined innovation goal, MHT continually invests in researching and improving production processes, creating breakthrough solutions, and developing green products to meet increasing market demands.

MHT is producing deep-processed tungsten in Thai Nguyen, Vietnam

As of 2023, MHT holds nearly 100 new patents worldwide, with an additional 50 in the application stage.

Its high-tech products have reached the global market. Specifically, 45% of the company’s products are sold in Europe, 22% in North America, 18% are manufactured in China and sold in the Chinese market, and 15% are sold in the rest of the world.

Currently, the company boasts an extensive customer network, serving more than 300 customers in 30 different countries.

In 2022, MHT invested in Nyobolt to develop a battery line using tungsten high-tech materials with fast charging speed, outstanding safety, and ten times the capacity of conventional batteries to align with the global trend of using clean fuels.

Recently, Nyobolt launched an electric car that can be fully charged in less than 6 minutes, setting a record charging speed and promising to revolutionize the electric vehicle industry.

In early 2023, it also launched the globally patented tungsten powder brand “starck2charge,” used in the production of fast-charging and safe Li-ion batteries.

The R&D centers of MHT Vietnam

Furthermore, the company continues to introduce tungsten powder blends for industries utilizing 3D printing technology, ensuring high stability and purity, especially suitable for the medical field.

These products represent MHT’s commitment to providing innovative solutions that meet the needs of advanced technology companies and global industries.

Through research projects and laboratory and pilot plant experiments, Masan High-Tech Materials has developed and perfected a recycling process, allowing the recovery of lithium, tungsten, nickel, copper, cobalt, and manganese from waste battery products.

Additionally, specific refining formulations have been developed to achieve higher recovery efficiency while utilizing less energy and water to extract the minerals.

The company consistently seeks and establishes closed-loop systems to reuse, recycle, and renew materials, reducing dependence on raw materials and limiting waste generation.

The integration of AI into the operating system facilitates faster reactions to changes in operating conditions and optimizes processes.

Simultaneously, new products are being developed from the waste stream of mining operations, including magnetite concentrates for the steel industry and fluorspar additives for the cement industry.

These technological achievements have enabled MHT to no longer depend solely on primary supply for mineral exploitation.

Instead, the company promotes a circular business model through urban waste mining, waste collection, production, and scrap recycling. End-of-life assets now serve as sources of raw materials for the creation of new materials and products.

Currently, MHT is building Asia’s first and largest tungsten recycling plant in Thai Nguyen, with the goal of making Vietnam a leading recycling hub for tungsten and precious metals in the region.

According to CEO Craig Bradshaw, the company identifies innovation and sustainable green production as the focus of its development strategy, which is integral to its global strategy.

“The success of our innovation is attributed to the combination of a world-class R&D platform and a team of dedicated, specialized application engineers with the ability to develop products that meet the rigorous technical requirements and changing needs of customers,” he said.

The VIIE 2023 event is hosted by the Ministry of Planning and Investment. The exhibition serves as a convergence of intelligence, talents, and resources from technology enterprises, research institutions, support organizations, incubators, and domestic and international investment funds.

Source: VNExpress