Skip to main content

Ara Partners Invests In Polar Sapphire

Industrial decarbonization specialist Ara Partners has closed a controlling investment in Polar Sapphire, a manufacturer of high-purity aluminium oxide (“alumina” or “HPA”), which is a key input for lithium-ion batteries and sapphire applications. The investment in Polar Sapphire will facilitate construction of the Company’s first large-scale commercial factory, with 1,000 tonnes per annum capacity.

Polar Sapphire previously received investment and financial contributions from Bioindustrial Innovation Canada, MaRS IAF, ArcTern Ventures, and other cleantech focused private investors. In 2014, Polar Sapphire received a FedDev Ontario repayable contribution of $990,000 to expand its pilot production line in the Mississauga facility.

© The Sortino Group Ltd

All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.