Umicore to build $2.1B battery materials plant in Loyalist Township, Ontario

Umicore announced a firm investment decision for the first stage of a new manufacturing plant in Loyalist Township, Ontario, to produce cathode active materials and precursor cathode active materials for EV batteries. The first stage investment is $2.1 billion, creating 600 jobs.

“Umicore is announcing its firm investment decision for the first stage of $2.1 billion, of which $1.8 billion is capital expenditures, for a battery materials production capacity of 35 GWh annually.”newswire.ca

• 1 source
• newswire.caGovernments of Canada and Ontario finalize agreement with Umicore Rechargeable Battery Materials Canada Inc. for new plant in Loyalist TownshipInnovation, Science, Economic Development CanadaOct 16, 2023

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