Belgian group Umicore to build battery materials factory in Canada
The Belgian group Umicore is to build a new factory for cathode materials and their battery precursor materials in Ontario, Canada. The company signed a letter of intent with the Canadian government on Wednesday 13 July.
According to Umicore, the planned plant is the first of its kind in North America to combine the production of cathode and precursor materials on a large industrial scale. Negotiations are now underway with several potential customers for production contracts in North America.
The new factory will be located on approximately 142 hectares in the Loyalist Municipality of Ontario. The aim is to start construction in 2023 and production by the end of 2025. By the end of the decade, the aim is to have an annual production capacity capable of powering approximately one million electric vehicles.
“With more than 1,000 good jobs to build the plant, and hundreds of permanent jobs once it is operational, this new plant will play an important role in Canada's clean automotive sector well into the future,” Canadian Prime Minister Justin Trudeau said.
(VIV)
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© BELGA PHOTO (JASPER JACOBS) Site of Umicore in Hoboken, Antwerpen