According to lobbyist filings with each level of government, EcoPro Innovation is looking to tap public funding for the development of a lithium hydroxide manufacturing plant at an unnamed location in Quebec.
EcoPro Co.’s $1.2 billion investment in Bécancour, Que., with partners Ford Motor Co. and SK On Co. may be just the first step in the supplier’s wider plans for the East Coast province.
The site, which would be capable of processing mined lithium into a battery-ready feedstock, would likely supply the $1.2 billion CAM plant now under construction in Bécancour, midway between Montreal and Quebec City. Innovation, Science and Economic Development Canada did not respond to a request for comment. The department typically refuses to discuss the status of talks with prospective investors.
In choosing Quebec for the CAM plant, EcoPro BM CEO Jae-hwan Joo pointed to the province’s stores of critical minerals, its clean and cheap power supply, and its skilled workforce as key factors. He told reporters the company was in Bécancour for the “long-term,” but gave no indication about EcoPro’s possible plans for further investment.
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