Umicore is to build a facility for cathode active materials and their precursors in Loyalist, Ontario. Construction is due to start in 2023 with operations beginning in 2025. By 2050, it will produce enough to power about one million electric vehicles. The plant will be run entirely on renewable energy.
BASF and Umicore have entered into a non-exclusive patent cross-license agreement covering a broad range of cathode active materials (CAMs) and their precursors. CAMs are used in lithium-ion batteries and both firms have been investing in them heavily, creating what they called “sizeable and largely complementary patent portfolios”.