BASF breaks ground for cathode plant in Germany
2020-11-17 14:38:03 [Print]
The chemical company BASF has completed the groundbreaking ceremony for the cathode material plant in Schwarzheide, Brandenburg.
While the ceremony was only just announced, work in Schwarzheide has already been underway for several months, and preparatory work has been taking place there since August. Construction has now officially begun and the plant is scheduled to go into operation in 2022. According to BASF, the new plant will produce battery materials for over 400,000 electric vehicles per year.
In August 2020, it became clear that BASF will receive 175 million euros for the project from the federal government and the state of Brandenburg, whereby the state is contributing 30 per cent and the Ministry of Economics 70 per cent. The EU Commission had approved the funding in December 2019 as an important project of common European interest (IPCEI) under the state aid rules.
While the ceremony was only just announced, work in Schwarzheide has already been underway for several months, and preparatory work has been taking place there since August. Construction has now officially begun and the plant is scheduled to go into operation in 2022. According to BASF, the new plant will produce battery materials for over 400,000 electric vehicles per year.
In August 2020, it became clear that BASF will receive 175 million euros for the project from the federal government and the state of Brandenburg, whereby the state is contributing 30 per cent and the Ministry of Economics 70 per cent. The EU Commission had approved the funding in December 2019 as an important project of common European interest (IPCEI) under the state aid rules.
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