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Business & Financial News | June 20, 2022
BASF to build commercial scale battery recycling black mass plant in Schwarzheide, Germany
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe. This investment will create about 30 new production jobs, with startup planned for early 2024.
Trade News | June 15, 2022
BASF expands production capacity in China for industry-leading cathode active materials and achieves multi-ton scale manufacturing for manganese-rich products
BASF Shanshan Battery Materials Co., Ltd. (BSBM), a BASF majority-owned company in China (BASF 51%; Shanshan 49%), is expanding its battery materials capacity in Changsha, Hunan Province, and Shuizuishan, Ningxia Province, to meet the fast-growing local and global demands of the electric vehicle (EV) industry. The expansion project will enable BSBM to achieve 100 kt annual capacity for cathode active materials (CAM).