News / ニュース

May 23, 2022
MOU signed with electric motorcycle manufacturer Srivaru Motors to provide advanced lithium-ion batteries and develop original BMS in strategic partnership

3DOM Inc. (“3DOM”) and its subsidiary 3DOM (Singapore) Pte. Ltd. (“3DOM SG”) entered into a memorandum of understanding (“MOU”) in March 2022 with Indian electric motorcycle manufacturer Srivaru Motors Private Limited (“SVM”) for a strategic partnership to equip SVM’s electric motorcycles with 3DOM’s advanced lithium-ion batteries and jointly develop a battery management system (“BMS”).

3DOM SG aims to supply 3DOM battery cells equivalent to 2.2 MWh in 2022-2023, 3.25 MWh in 2024, and 14 MWh in 2025. The three companies will also work to develop a BMS for use in SVM’s electric motorcycles. The 3DOM battery cells and jointly developed BMS will be incorporated into battery packs manufactured by SVM for installation in its high-performance motorcycles. Battery and driving data will be utilized by the three companies for product and service improvements.

SVM’s electric motorcycles will be equipped with 3DOM batteries and the jointly developed BMS beginning with the Indian market, where there is rapidly growing demand for electric solutions amid tightening regulations. “Indian customers use two-wheelers for their primary transportation needs, so the Indian market size is large and growing. It is expected that the Indian two-wheeler market size will surpass 30 million units per year within a decade. It is essential to make sure that the vehicles are safe in all conditions – not just with controlled environment. This MOU helps SVM to deliver on its mission of vehicles which are ‘fast, fun and safe,’” says Srivaru  Motors CEO Mohanraj Ramasamy.

3DOM SG Director & CEO Daniel Goh comments, “We recognize there is urgency to increase the accessibility of safe, high-quality batteries in India. The 3DOM Group and SVM share the same commitment to creating clean solutions optimized for the local market, and we hope this MOU will mark the start of a strong partnership that may extend from mobility to renewable energy storage projects in the future.”

 

About Srivaru Motors Private Limited
SVM established its startup operation in India with the mission of producing the best riding motorcycles that are best in class. SVM’s founding member previously worked at Tesla Motors. SVM has its first product, Prana, in the market and is working on Prana-elite. This MOU will enable SVM to deliver reliable batteries for its customers who depend on Prana for their regular commute. Learn more details about SVM at https://srivarumotors.com/.

May 16, 2022
Binex’s sorghum biofuel featured in Nikkei Sangyo Shimbun

On May 16, 2022, Nikkei Sangyo Shimbun introduced Binex as an entrant in the cultivation of sorghum for biofuels.

Publication: Nikkei Sangyo Shimbun (May 16, 2022)
“Idemitsu and erex enter cultivation of biofuel ‘sorghum’ with keen interest.”
Binex began test cultivation in Peru in January of this year, and will begin full-scale production in partnership with a local agricultural corporation.

May 11, 2022
3DOM Singapore joins the Singapore Battery Consortium

We are pleased to announce that 3DOM Singapore recently joined the Singapore Battery Consortium. Through the consortium, we look forward to building relationships with public and private stakeholders in Singapore’s battery industry and exploring new opportunities to advance our technology and business.

 
About the Singapore Battery Consortium

The Singapore Battery Consortium (SBC) is an initiative supported by the National Research Foundation Singapore (NRF) and hosted at A*STAR’s Institute of Materials Research and Engineering (IMRE). Launched in November 2019, SBC aims to foster strategic R&D partnerships between public research performers and industry players, and strives to be the leading regional platform in impacting the growth and translation of battery related technologies, through innovation driven public-private partnerships. SBC aspires to make Singapore an authoritative voice in battery-related technologies and a place for private companies, public stakeholders and researchers to come together to innovate. https://www.batteryconsortium.sg/

Apr 28, 2022
Binex Receives an Award for Excellence at the 2022 Japan Resilience Awards

Binex Inc.(Binex; Head Office: Akasaka, Minato-ku, Tokyo; Representative Director: Hiromichi Aoki)was conferred an Award for Excellence at the 8th Japan Resilience Awards 2022 (“Resilience Award”) hosted by the Resilience Japan Promotion Council (Resilience Council; Location: Chiyoda-ku, Tokyo; Chairman: Michiaki Hirose, Chairman of Tokyo Gas Co.).

The Resilience Council was established to promote national land resilience by mobilizing the wisdom of the private sector in accordance with the June 2014 Cabinet decision on the Basic Plan for National Land Resilience. The Resilience Award is an organization which identifies, evaluates, and awards nation-wide actions which seek to build a resilient society for future generations. The award is open to companies and organizations that are engaged in “activities, technological development, product development, etc., that contribute to building a strong and resilient nation, regions, people and industries.”

This year, Binex was awarded the prestigious Award for Excellence from among more than 100 entries from companies and organizations, in recognition of its contributions to community and environmental resilience.

For more details, please visit the Resilience Council website below.
「Japan Resilience Awards」
URL: https://www.resilience-jp.biz/award/

Commenting on the announcement, Hiromichi Aoki, Representative Director of Binex, stated:
Preceding full-scale sorghum cultivation in Peru, Binex has contracted land in Iwaki City, Fukushima Prefecture where we’ve been able to grow sorghum adapted to Japan’s climate and soil and which sequesters large quantities of CO2. We are also working on the production of clean energy such as biomass pellets and biomass methanol utilizing sorghum residues (stems and leaves, etc.) leaving the edible grain for human and animal consumption. It is a great pleasure to know that our efforts surrounding “local production for local consumption” of food and energy, global warming countermeasures, and promotion of local communities have been highly evaluated by the Resilience Council such that we could be honored with an Award of Excellence at the 8th Japan Resilience Awards. Encouraged by this award, we would like to further accelerate our efforts towards SDGs and national land resilience.

Left: Mr. Hirose, Chairman of Association for Resilience Japan (Director of Tokyo Gas) Right: Mr. Aoki, Representative Director of Binex

Binex will continue to work towards realizing its vision to “truly solve environmental, food, and energy problems and forge a future where human beings coexist with the natural world.”

 

Binex Inc.
Binex was established to earnestly address food, environmental, and energy issues and construct a value chain for biomethanol. Binex aims to breed and cultivate sorghum varieties that sequester large quantities of carbon dioxide during growth; supply sorghum grain as a foodstuff; produce and supply biomethanol from sorghum residue such as leaves and stalks; provide fuel cells that use biomass methanol as a hydrogen carrier; utilize biofuel in semiconductor manufacturing, fuels for internal combustion engines, and petrochemical raw materials; and develop additional applications, including chemical products that replace fossil fuels with biomass-derived materials.
URL:https://binex.jp/

Apr 25, 2022
MOU signed with electric commercial vehicle manufacturer Ev Dynamics to provide advanced lithium-ion batteries in strategic partnership

3DOM Inc. (“3DOM”) and its subsidiary 3DOM (Singapore) Pte. Ltd. (“3DOM SG”) entered into a memorandum of understanding (“MOU”) in April 2022 with electric commercial vehicle manufacturer Ev Dynamics (Holdings) Ltd. (“EVD”) for a strategic partnership that aims to equip buses and other commercial vehicles manufactured by EVD with 3DOM’s advanced lithium-ion batteries.

3DOM SG will supply 3DOM batteries in volumes equivalent to 0.35 MWh by 2023, 10 MWh by 2024, and 100 MWh by 2025. EVD will manufacture electric commercial vehicles and standardized vehicle platforms that incorporate the 3DOM batteries and sell them worldwide. The three companies will also utilize battery and driving data for product and service improvements.

Some of EVD’s electric commercial vehicles will be used in the world’s first※1 carbon neutral commercial fleet service, which will be launched by a newly established affiliate of 3DOM. The service will use clean energy for charging, and emissions from battery and vehicle manufacturing will be offset with carbon credits※2 to achieve complete carbon neutrality.

3DOM SG Director & CEO Shusuke Oguro comments, “Through this partnership, we look forward to demonstrating our reliable, long-life batteries’ applicability to commercial vehicles such as bus fleets, which form one of the most promising markets for electrification. Together with EVD, we will work to remove barriers to electric commercial vehicle adoption and introduce truly sustainable fleet solutions.”

EVD Chairman Cheung Ngan comments, “Our mission is to be a global transformative leader for Zero-Emission Public Transportation and Last Mile Delivery Solutions. 3DOM’s advancements in battery lifespan and reliability address pressing market concerns and, combined with our breakthrough New Energy Vehicle (NEV) e-platform, will support our endeavor to help our global network of vehicle manufacturers and distributors overcome the regulatory and development cost hurdles in their regional markets.”

About Ev Dynamics (Holdings) Ltd.

Ev Dynamics is a leading global developer and manufacturer of commercial and public transportation New Energy Vehicles (NEVs) and OEM solutions, with a breakthrough B2B OEM e-platform chassis that supports rapid go-to-market of a full range of NEVs. Ev Dynamics has an expanding global presence in North and South America, Europe and Southeast Asia, in addition to its HQ in Hong Kong, state-of-the-art manufacturing facility in China, and worldwide senior management. Ev Dynamics is ramping up shipments to global customers and distributors worldwide, with a total production capacity of 23,000 units annually following completion of its second larger factory. https://evdynamics.com/

 

※1 According to internal research.

※2 BINEX Inc., a subsidiary of 3DOM, cultivates sorghum that is fast-growing, absorbs large quantities of carbon dioxide, and fixes some of that in its roots, which will generate carbon credits.

Apr 14, 2022
Comments on Reenova’s announcement regarding its application for extension of time to submit proposal for resumption of trading

On 11 April 2022, Reenova Investment Holdings Limited (“Reenova”) announced that it had applied to Singapore Exchange Regulation Pte. Ltd. (the “SGX RegCo”) for an extension of time to submit its proposal for resumption of trading of its shares on the Singapore Exchange Mainboard. The reason is delays to the valuation of 3DOM (Singapore) Pte. Ltd (“3PL”) by EY Corporate Advisors Pte. Ltd. (“EYCA”) due to deliberations on the scope of 3PL’s business that will be valued in the valuation report.
The SGX RegCo has informed Reenova that it had no objection to granting a further extension of time under Mainboard Listing Rule 1304(1) of up to 31 July 2022 for the purpose of making its submission in relation to the proposed acquisition of 3PL (the “Proposed Acquisition”) and reverse takeover (RTO) and to resume trading of its shares no later than 31 July 2022.
For details, please refer to the announcement released by Reenova on 11 April 2022.
We will continue to work with Reenova toward the prompt completion of the Proposed Acquisition.

Apr 8, 2022
Media coverage of MOU for strategic partnership with Jiangxi Geely New Energy Commercial Vehicle

News of the memorandum of understanding (MOU) recently signed between 3DOM and Jiangxi Geely New Energy Commercial Vehicle for a strategic partnership related to battery development and the 3DOM Group’s plans to launch a carbon neutral commercial fleet service was covered by major media outlets including the following.

Reuters
“Japan start-up to offer fleet service using China’s Geely EVs”
URL: https://www.reuters.com/business/autos-transportation/japan-start-up-offer-fleet-service-using-chinas-geely-evs-2022-04-07/

The Nihon Keizai Shimbun
“Battery startup 3DOM partners with China’s Geely for commercial EV batteries” (Japanese only)
URL: https://www.nikkei.com/article/DGXZQOUC077AW0X00C22A4000000/

The Edge Singapore
“3DOM leverages RTO entities to create world’s first carbon-neutral commercial vehicle fleet service”
URL: https://www.theedgesingapore.com/news/sustainability/3dom-leverages-rto-entities-create-worlds-first-carbon-neutral-commercial

Apr 7, 2022
MOU signed with Geely Holding Group’s Jiangxi Geely New Energy Commercial Vehicle for strategic partnership to develop batteries for new electric commercial vehicles

3DOM-affiliated company to develop the world’s first※1 carbon neutral commercial fleet service using new electric vehicles

3DOM Inc. (“3DOM”) signed a Memorandum of Understanding (“MOU”) in April 2022 with Jiangxi Geely New Energy Commercial Vehicle Co., Ltd. (“GCV”) for a strategic partnership to develop battery packs for new electric commercial vehicles (“ECVs”). GCV is an entity within the Geely Holding Group (“Geely”), engaged in the development, manufacturing, and sales of ECVs.

3DOM will jointly develop batteries for the E51, an ECV manufactured by GCV, and will supply approximately 600MWh of batteries (equivalent to 15,000 vehicles) by 2025 through 3DOM (Singapore) Pte. Ltd., 3DOM’s wholly-owned subsidiary responsible for the manufacture and sale of 3DOM batteries.

Geely is a leading manufacturer in China and parent company of Volvo Cars and other notable brands. Geely’s Chairman, Mr. Li Shufu, is a major shareholder of Mercedes Benz and Daimler Group and has strengthened relationships with leading European manufacturers. Geely produces vehicles that demonstrate high performance and quality while maintaining price competitiveness.

The batteries jointly developed by 3DOM will be used in the E51, the latest electric light commercial van model launched by GCV, Geely’s ECV division, in March 2022. The van is fully suited for delivery operations in Japan.

The E51 will be used for the world’s first carbon neutral commercial fleet service (details below), which 3DOM plans to roll out through an affiliated company to be newly established. Outside of the service, the model will also be sold by GCV to transportation companies and logistics providers.

E51

About the carbon neutral commercial fleet service

The 3DOM Group will introduce the world’s first carbon neutral commercial fleet service through an affiliated company to be newly established, targeting a 2023 launch starting in Japan. The first step will be to provide a fleet service which packages the E51 with clean electricity and carbon credits to users such as supermarkets and transport companies.

Due to the impact of global warming, lifecycle emission reduction has become a critical issue. It is also expected that monetary penalties for carbon emissions will soon be introduced. The transportation and logistics industry, one of the sectors emitting the most carbon dioxide, is accelerating its move to decarbonize in response to strong demand from major e-commerce companies and manufacturers.

On the other hand, the introduction of ECVs has been hampered by several barriers, including the higher pricing of electric vehicles over conventional gasoline vehicles due to battery costs, as well as insufficient charging networks.

3DOM responds to these issues with proprietary long-life battery technology, which enables battery second use and reduced battery cost per charge/discharge. 3DOM also aims to alleviate the financial burden of shifting to ECVs by providing vehicles through subscription and/or lease services.

To address the problem of insufficient charging networks, 3DOM is pursuing alliances with companies developing charging infrastructure powered by clean electricity. In addition, carbon credits※2 will be acquired to offset carbon emissions from battery and vehicle manufacturing, allowing the fleet service to achieve carbon neutrality from production through operations.

Through these initiatives, 3DOM will realize a carbon neutral commercial fleet service which addresses the issues currently hindering the introduction of ECVs.

The 3DOM Group is committed to deploying cutting-edge clean energy solutions to truly solve critical environmental issues.

About Zhejiang Geely Holding Group Co., Ltd.
Parent company of China’s leading private automaker Geely Automobile, Volvo Cars, London Electric Vehicle, and others.
Location: Zhejiang Province, China
Representative: Li Shufu
Website: http://www.zgh.com/

About Jiangxi Geely New Energy Commercial Vehicle Co., Ltd.
A commercial vehicle division under the Geely Auto Group, responsible for the development, manufacturing, and sales of electric commercial vehicles.
Location: Jiangxi Province, China
Representative: Mike Fan
Website: http://zgh.com/media-center/category/geely-new-energy-commercial-vehicle-group/?lang=en

About 3DOM Inc.
Central company of the 3DOM Group engaged in research and development of 3DOM separators, next-generation batteries, and fuel cells.
Location: 5th Floor, C Building, 3-9 Moriyacho, Kanagawa-ku, Yokohama, Kanagawa, Japan
Representative: Masataka Matsumura
Website: https://www.3dom.co.jp/en/

About 3DOM (Singapore) Pte. Ltd.
A wholly owned subsidiary of 3DOM that manufactures and sells 3DOM batteries. Currently planning to list on the Singapore Exchange through a reverse takeover※3.
Location: Singapore
Representative: Shusuke Oguro
Website: https://3dom.sg/

About BINEX Inc.
A company engaged in the cultivation of sorghum that is fast-growing, absorbs large quantities of carbon dioxide, and fixes some of that in its roots; the production of biomethanol and biopellets using the sorghum; the development of fuel cells powered by hydrogen obtained from reformed biomethanol; and the generation of carbon credits through these activities.
Location: 1-7-1 Akasaka, Minato-ku, Tokyo, Japan
Representative: Hiromichi Aoki
Website: https://binex.jp/

※1 According to internal research.
※2 BINEX Inc., a subsidiary of 3DOM, cultivates sorghum that is fast-growing, absorbs large quantities of carbon dioxide, and fixes some of that in its roots, which will generate carbon credits.
※3 Reverse Takeover (RTO): A method by which an unlisted company can be listed through acquisition by or merger with a listed company, as set forth in the Singapore Exchange Mainboard Rules (Chapter 10, Part VIII).

Apr 1, 2022
Binex significantly expands biomass syngas and biomethanol production system

Binex Inc. (“Binex”; Head Office: Akasaka, Minato-ku, Tokyo; Representative Director: Hiromichi Aoki) will complete construction of a large-scale biomass combustion and synthesis gas production plant in Nagasaki City, Nagasaki Prefecture in April 2022. By June the plant will begin concurrent operation with the existing biomethanol production plant after the former’s test runs and other preparations are concluded. These developments will establish a full-scale shipment system for biomethanol samples. The plant was operated by Chuo Kankyo (Nagasaki City, Nagasaki Prefecture) until 2011 before being transferred last year from the company to Binex, who refurbished and re-built it with state-of-the-art technology. Chuo Kankyo will provide assistance with future operations.

Previously, a small biomass combustion and biomethanol production plant located in Isahaya City, Nagasaki Prefecture (“Isahaya Plant”) was transferred to Binex from Biomass Energy Corporation, a company founded in May 2021 and one of Binex’s major shareholders. The biomethanol produced at this plant was provided to Honda Motor Co., Ltd. and was utilized in the 2021 F1 Championship as fuel for the Red Bull-Honda F1 racing cars.

Going forward, a biomass combustion and syngas production plant to be completed in Nagasaki City (“Nagasaki Plant”) will be capable of producing biomass syngas on a scale 10 times that of the Isahaya plant. If the full plant capacity is utilized for biomethanol, it will be possible to produce approximately 350 kiloliters per year. This plant will also make possible the provision of biomass syngas to produce SAF (Sustainable Aviation Fuel)※1 and ABF (Advanced Biofuels)※2, such as biodiesel and ethanol.

With the completion of the Nagasaki Plant, which is based on the technology and experience accumulated at the Isahaya Plant, Binex will establish a large-scale biomass syngas and biomethanol production system. Binex plans to supply biomethanol to oil companies, petrochemical companies, major automobile manufacturers, industrial gas companies, trading companies, and others, as well as partake in the joint development of SAF and ABF.

Commenting on the announcement, Hiromichi Aoki, Representative Director of Binex, stated the following:
“We are very pleased to announce the completion of the Nagasaki Plant, which combines the biomass combustion and biomass syngas production technologies developed over many years by Biomass Energy, one of our major shareholders, and will allow us to begin shipping biomethanol samples to the many companies that have been waiting to obtain them. While we have achieved production of biomethanol and biodiesel from the biomass syngas produced at the Isahaya Plant, we are also capable of synthesizing SAF and ABF, and are in discussions with many trading companies and energy companies in Japan and abroad. We expect that the operation of the Nagasaki Plant will greatly advance these efforts and, together with the development of sorghum breeding suitable for gasification※3 that we are developing together with the Faculty of Agriculture of the University of Tokyo, will be another big step toward the realization of carbon negativity.”

Through these activities, Binex is truly committed to reducing the Earth’s carbon footprint.

Binex Inc.
Binex was established to earnestly address food, environmental, and energy issues and construct a value chain for biomethanol. Binex aims to breed and cultivate sorghum varieties that sequester large quantities of carbon dioxide during growth; supply sorghum grain as a foodstuff; produce and supply biomethanol from sorghum residue such as leaves and stalks; provide fuel cells that use biomass methanol as a hydrogen carrier; utilize biofuel in semiconductor manufacturing, fuels for internal combustion engines, and petrochemical raw materials; and develop additional applications, including chemical products that replace fossil fuels with biomass-derived materials.

※1 SAF (Sustainable Aviation Fuel):
A type of advanced aviation biofuel.

※2 ABF (Advanced Bio-Fuel):
Biofuels made from various types of non-edible, sustainable biomass.

※3 In October 2021, Binex signed an agreement with the Graduate School of Agricultural and Life Sciences of the University of Tokyo for joint research in Peru on sorghum as a biomass feedstock. Test cultivation has already commenced.