US Secretary of State Antony Blinken paid an emergency visit to Anjou on Friday under tight security for the Lithion Recycling demonstration plant, which has Quebec, Ottawa and General Motors (GM) among its shareholders.
“We are moving towards a world where cars will be powered by electric batteries,” said US Secretary of State Antony Blinken in a calm voice, who was greeted in French by the Minister of Foreign Affairs a few minutes ago at the factory. foreigners Mélanie Joly.
While demand for lithium could explode by 4,000% worldwide, Ottawa is investing $4 billion in a critical minerals strategy, Prime Minister Justin Trudeau said.
After his express visit #3 to the Biden administration, he praised the Lithion Recycling technology that can recover 95% of the battery.
“It’s extraordinary. It creates a virtuous circle,” said Antony Blinken, to whom Lithion Recycling Vice President Yves Noël explained the main stages of the process at several key locations in the plant.
At one of the stations, the Foreign Minister joked about putting a jar of precious lithium in his jacket, but Yves Noël warned him with a smile that it was not a good idea.
“Not sure the security guys will let you,” he laughed. In the front and back of the factory, a large security system of dozens of agents on duty monitored every move.
Last April, Quebec-based Recyclage Lithion received $22.5 million ($15 million in equity and $7.5 million in grants).
Its majority shareholder is the company of the three founders. Its second shareholder is IMM Global Battery Limited (Hong Kong) and the third is Investissement Québec.
General Motors (GM), a less than 10% shareholder, will be able to use the Recyclage Lithion innovation at its future $500 million Bécancour plant. The company’s partner is also Korean Hyundai.
Mineral mining and processing (BASF and GM, POSCO), vehicle manufacturing (Lion, Taiga, BRP), recycling (Lithion Recycling)… Quebec’s battery industry continues its journey.
However, it is still unclear where Lithion Recycling’s first plant, which will process the equivalent of 25,000 electric cars, will be located.
“We have already identified land in the greater Montreal area. We are in the permitting phase for the first part: the crushing and production of strategic materials. If all goes well, it will be operational in July,” its vice president Yves Noël said on Friday.
After this first $80 million factory, the company wants to have a second one worth $300 million within three years.
- In the United States, electric vehicles equipped with lithium recycled mineral batteries manufactured in North America will be eligible for a total tax credit of $7,500 under the Inflation Reduction Act.