BASF inks land purchase agreement for battery site in Canada

Cathode active materials (CAM) producer BASF has signed an agreement to purchase land for a future CAM materials production, battery metals recycling and refining site in Quebec.

The site is positioned beside the Saint Lawrence River in Bécancour. According to BASF, the site will “rely on competitive hydropower to further reduce the carbon footprint of its products compared to the industry average.”

BASF says the site “allows for ample space to expand [production] up to 100 kilotons of CAM per year.” It also has “potential for fully integrated precursor cathode active materials (PCAM) supply,” and will be “well 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).”

BASF says, subject to necessary approvals, project commissioning is expected to begin in 2025.

Source: BASF