Canada makes moves in silicon anode manufacturing
Plans for the first advanced silicon anode battery plant in Ontario, Canada, seek to reduce reliance on imports.
The site is in one of Canada’s key automotive and battery hubs, where NEO Battery Materials will construct a commercial plant capable of producing 5,000t of silicon anodes per annum.
NEO plans to invest CA$69mln initially, with a planned investment of around CA$120mln over eight years. It has submitted a Phase I Environmental Site Assessment for the site.
This initiative aims to reduce reliance on imported battery materials while supporting the region’s economic development through job creation and investment.