# 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.

- Type: New facility
- Announced: 2023-10-16
- Where: Loyalist Township, Ontario, Canada
- Value: $2.10B
- Jobs: 600
- Status: announced
- Capacity: 35 GWh annually
- Products: cathode active materials (CAM), precursor cathode active materials (pCAM)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Umicore Rechargeable Battery Materials Canada](https://endata.com/companies/73614.md)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/governments-of-canada-and-ontario-finalize-agreement-with-umicore-rechargeable-battery-materials-canada-inc-for-new-plant-in-loyalist-township-831600553.html), 2023-10-16: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.