How to resolve AdBlock issue? BASF acquires site in Quebec to build EV battery material
- Details
- March 8, 2022
Click image to enlargeBecancour, Que., is becoming a busy place for international companies looking to build an electric vehicle battery supply chain.
Just prior to yesterday’s announcement that General Motors will be setting up a cathode active materials (CAM) plant in the city to process the material integral to its Ultium electric vehicle battery, international heavyweight BASF announced it has signed an agreement to secure land for its own CAM materials and recycling site in Bécancour.
With an ideal location along the Saint Lawrence River between Montreal and Quebec City, Becancour offers favorable conditions for efficient logistics
BASF described the move as part of its “commitment to support North American producers in their transition to e-mobility.”
“A regional supply chain is critical to ensure reliable and resilient battery materials supply,” the company stated in a release.
The investment is intended to further enhance BASF’s CAM production footprint in North America by complementing its existing manufacturing sites. The new site allows for ample space to expand up to 100 kt CAM per year with potential for fully integrated precursor cathode active materials (PCAM) supply. The site will also be connected to BASF’s global metal sourcing network with provision for a nickel and cobalt intermediates base metal refinery and recycling of all battery metals (including lithium).
The opportunity for potential future upstream investment integration supports BASF’s strategy to build an integrated, closed-loop battery materials ecosystem in all key regions, the company said.
Project planning is progressing and subject to necessary approvals, BASF targets project commissioning in 2025.
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