A flood of investments in the battery supply chain — from miners, battery-material suppliers and automakers — began gushing into Quebec in early 2022 and there are few signs the tide will recede.
Pierre Fitzgibbon, Quebec’s minister of economy, innovation and energy, said he was not surprised when the province’s mix of critical minerals and clean power began attracting the auto industry. But how quickly the investments began materializing caught him off-guard, he told Automotive News Canada.On March 4, 2022, Germany-based chemical giant BASF announced that it had purchased land for a cathode-active-materials plant in Bécancour, midway between Montreal and Quebec City.
And in later in February, battery materials company EcoPro BM formed a pair of Canadian subsidiaries amid talks with the federal and Quebec governments about financial backing for a prospective cathode active materials plant in the province. The first cohort of cell plants has been announced close to the OEMs. It’s a natural reflex to want this production as close to the assembly plant as possible.
Now that we’re building this foundation from the ground up, meaning the mines and recycling, I think there’s more attention from companies. “Quebec is there. Let’s not forget Quebec.” During the second wave, I think any negative will disappear. The space is there. If you [Google] Bécancour, you’re going to see there’s a lot of areas around it. Obviously, we need to be cautious of the agricultural lands. There’s a lot of fertile land and we want to make sure we respect the environment, but there are some places we can build.
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