Battery supplies firm EcoPro BM has fashioned a pair of Canadian subsidiaries amid talks with the federal and Quebec governments about monetary backing for a potential cathode lively supplies (CAM) plant within the province.
In a federal lobbyist submitting Feb. 21, the South Korea-based firm listed EcoPro CAM Canada LP as a subsidiary, updating a earlier submitting from December that had not included the enterprise unit. A comparable replace was filed in Quebec Feb. 24.
The entity was lately registered, itemizing an workplace tower in downtown Montreal as its tackle. Canada’s Business Registries, which compiles firm registrations from throughout the nation, reveals Commandité ÉcoPro CAM Canada Inc., was fashioned Feb. 2. Another firm registered to the identical tackle, EcoCAM Canada Inc., was created the identical day.
The formation of the Canadian subsidiaries follows a number of months of exchanges between EcoPro BM and the 2 ranges of presidency.
Federal lobbying paperwork present the corporate has been assembly with the ministry of innovation, science and financial improvement in pursuit of economic help that may “be used for the implementation” of a CAM plant. Filings in Quebec, likewise, present the corporate is searching for assist from provincially owned Investissement Québec for a plant that will produce CAM, a key ingredient in lithium-ion batteries.
The lobbyist filings don’t pinpoint a location for the potential plant, however Bloomberg reported in November that EcoPro BM was in talks to construct a US$700 million CAM plant in Bécancour, Que., in partnership with Ford Motor Co., and battery cell maker SK On Co. An official announcement, it stated, might come inside three months.
The three firms signed a letter of intent to collectively spend money on a CAM plant at an unspecified location in North America final July. At the time, SK On stated the cathode plant will provide battery cell manufacturing strains at BlueOval SK Battery Park in Glendale, Ky.
The North American website could be EcoPro BM’s second plant exterior Asia; it introduced plans for a CAM plant in Hungary in late 2021.
If the Korean battery supplies firm strikes forward with a Quebec plant, it could turn into Bécancour’s third such facility. Two websites within the fast-emerging battery hub halfway between Montreal and Quebec City are already scheduled to be producing battery supplies for chemical firm BASF and a three way partnership between General Motors and Posco Chemical by mid-decade.
The Quebec authorities has additionally been actively pursuing additional battery suppliers seeking to put down roots.
In January, the province’s Minister of Economy, Innovation and Energy Pierre Fitzgibbon advised Automotive News Canada that the province was “working hard” to verify an unnamed, third CAM producer to Quebec.
Source: canada.autonews.com