Phillips 66 made a $150 million strategic minority investment in Australian battery materials company NOVONIX in August 2021, acquiring approximately 16 percent of the company. NOVONIX produces synthetic graphite anode materials for lithium-ion batteries from its Tennessee facility.
Phillips 66 Acquires 16% Stake in NOVONIX Ltd.
Acquirer
Phillips 66
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Target
NOVONIX Limited (16% stake)
2021
Year
🇦🇺 Australia
Country
Minority Stake
Deal Type
Deal Value
Sector
Battery / Energy Storage
Subsector
Battery Manufacturing
Industry
Energy Technology
Date Added
May 9, 2026
Status
Completed
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