Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

BASF Acquires Land In Canada For Battery Materials, Recycling Expansion

BASF Canada BASF SE North America Quebec
  • BASF SE (OTC:BASFY) has secured land for its future cathode active materials and recycling site in Bécancour, Quebec, Canada. Financial terms were not disclosed.
  • The company expects the investment to further enhance its CAM production footprint in North America by complementing its existing manufacturing sites.
  • BASF targets project commissioning in 2025, subject to necessary approvals.
  • The new site allows for ample space to expand up to 100 kt CAM per year with the potential for fully integrated precursor cathode active materials (PCAM) supply. 
  • The company held cash and cash equivalents of €2.62 billion as of December 31, 2021.
  • Price Action: BASFY shares are trading lower by 7.36% at $14.09 on the last check Friday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Barometer! Buck teeth are back, thank you Aimee Lou Wood
What’s hot... and what’s not — keep up with Joe Bromley’s weekly barometer
Evening Standard
Evening Standard
Britney Spears reveals her bathroom has burned down: 'I'm tired of making sense of things...'
Britney Spears' bathroom has burned down and she is "tired of trying to make sense" of things.
BANG Premier
BANG Premier
This Common Lifestyle Habit In Preteens May Trigger Manic Symptoms, Researchers Find
A recent study revealed that excessive screen use in preteens through texting, watching videos, or playing video games could trigger manic symptoms in them.
Medical Daily
Medical Daily
“Mourning This Dog For Way Too Long”: Guy Freaks Over GF’s Dog’s Ashes
A man is left in regret after disparaging his girlfriend's prolonged grief after losing her pet dog. The post “Mourning This Dog For Way Too Long”: Guy Freaks Over GF’s Dog’s Ashes first appeared on Bored Panda.
Bored Panda
Bored Panda
Children of Paradise is the greatest film to come out of France, even 80 years on
It is March 9 1945 in a swanky cinema in Paris. The audience is settling in for the premiere of Children of Paradise (Les Enfants du paradis) – the latest work by Marcel Carné, best known for his moody 1930s “poetic realist” films. The script is by celebrated poet Jacques…
The Conversation
The Conversation
Kristin Davis reveals why Kyle MacLachlan turned down And Just Like That return
‘I was kinda mad at him,’ said the actor
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play