BASF Acquires Site for North American Expansion of Cathode Active Materials and Recycling in Canada
BASF sign an agreement to secure land for its future cathode active materials (CAM) and recycling site in Bécancour, Quebec, Canada, as part of its commitment to support North American producers in their transition to electric mobility. A regional supply chain is essential to ensure a reliable and resilient supply of battery materials.
BASF has signed an agreement to secure land for its future cathode active materials and battery recycling site along the St. Lawrence River in Bécancour, Quebec, Canada. Photo courtesy of SPIPB (Bécancour Industrial and Port Park Company).
The investment aims to further strengthen BASF’s CAM production footprint in North America by complementing its existing manufacturing sites. The new site offers ample space to expand up to 100 kt of CAM per year with the potential for fully integrated supply of precursor cathode active materials (PCAMs).
The site will also be well connected to BASF’s global metal supply network with provisions for an intermediate nickel and cobalt base metal refinery and recycling of all battery metals (including lithium).
The opportunity for potential future integration of upstream investments supports BASF’s strategy to create an integrated ecosystem of closed-loop battery materials across all key regions.
Planning for the project is progressing and subject to the necessary approvals, BASF is targeting the commissioning of the project in 2025.
With new investments in electric vehicles and supporting infrastructure continually announced in North America, we are pleased to continue our own investments in the region. This land acquisition is a necessary prerequisite to advancing our strategy to grow our presence in key regions to better serve our customers’ operations with sustainable and reliable local supply. We look forward to supporting the transition to electric mobility in the United States, Canada, Mexico and beyond.
—Dr. Peter Schuhmacher, President, Catalysts Division
Ideally located along the St. Lawrence River between Montreal and Quebec, the new site offers favorable conditions for highly efficient logistics and it would rely on competitive hydroelectricity to further reduce the carbon footprint of its products compared to the average for the region. ‘industry.
General Motors and POSCO Chemical also announced that they are working with the governments of Canada and Quebec to build a new $400 million plant in Bécancour to produce CAMs for GM’s Ultium batteries, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ. (Previous message.)