cathode material production Battery materials and battery recycling: BASF acquires site in Canada
Source: Press Release
Chemicals conglomerate BASF has signed an agreement to secure land for a future cathode material and battery recycling production site in Quebec, Canada.
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(Image credit: Société du Parc Industrial et Portuaire de Baconcore)
Ludwigshafen; Quebec/Canada – With the purchase of a site in Canada, BASF intends to strengthen its leading global position as a supplier of cathode materials. Initially, a plant is planned for the production of cathode materials. The company announced that additional facilities for starting products, recycling and metal refining capabilities are possible.
The investment complements existing production sites in North America. The new site provides ample space for expansion up to 100 kt of cathode material per year with the potential for a fully integrated supply of precursors for cathode materials. It is also well-connected to the group’s global metals sourcing network, with a refinery for nickel and cobalt intermediates and the recycling of all battery metals (including lithium), according to a press release. These expansion opportunities are intended to support BASF’s strategy to build an integrated, closed network for battery materials in all key regions.
Design work for the project has begun and subject to necessary permits, BASF is targeting the project to be commissioned in 2025.
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