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BASF acquires site for North American battery materials and recycling expansion in Canada

BASF signed an agreement to secure land for its future cathode active materials and recycling site in Bécancour, Quebec, Canada, 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.

 

BASF acquires site for North American battery materials and recycling expansion in Canada p

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 the potential for a fully integrated precursor cathode active materials (PCAM) supply. The site will also be well connected to BASF’s global metal sourcing network with the 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.

Project planning is progressing and subject to necessary approvals, BASF targets project commissioning in 2025.

Dr Peter Schuhmacher, President, Catalysts division said:

“With new investments in electric vehicles and supporting infrastructure being announced continuously in North America, we are pleased to pursue our own investment in the region.” He added: “This land acquisition is a necessary prerequisite to further advance our strategy to grow our footprint in key regions to better serve our customer’s operations with sustainable and reliable local supply. We look forward to supporting the e-mobility transition in the United States, Canada, Mexico and beyond.”

With an ideal location along the Saint Lawrence River between Montreal and Quebec City, the new site offers favourable conditions for highly efficient logistics and it would rely on competitive hydropower to further reduce the carbon footprint of its products compared to the industry average.

To learn more about BASF Battery Materials and BASF’s commitment to e-mobility, visit
catalysts.basf.com/products-and-industries

Source www.basf.com

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