BASF Canada’s investment in battery materials and recycling illustrates chemistry’s role in Canada’s net zero future

The Chemistry Industry Association of Canada (CIAC) is delighted that BASF Canada has announced it has acquired land in Bécancour, Quebec for its future cathode active materials and recycling site.

This site will ensure reliable and resilient battery materials supply, supporting North American producers in their transition to e-mobility, namely electric vehicles.

“The announcement from BASF Canada reinforces the importance of chemistry in the development of Canada’s critical minerals to support its net zero objectives,” said Bob Masterson, President and CEO of CIAC. “BASF has just taken an important step to helping North America ensure there is a regional and circular supply chain for battery materials for eclectic vehicles.”

The global cathode active materials market is expected to grow to US$22 billion by the end of 2027, boosted by growth in electric vehicle sales according to Research and Markets.

Read more on BASF’s announcement here.