The chemical giant announced the construction of a large-scale plant for the extraction of so-called black matter from old batteries at its Schwarzheide site in Lusatia as the final step. It is scheduled to go into operation at the beginning of 2024, as announced by BASF in Ludwigshafen. Around 30 jobs are planned.
Black mass occurs during the mechanical treatment of old batteries. It contains the most important metals used to manufacture cathode materials: lithium, nickel, cobalt and manganese. These are then extracted hydrometallurgically. The large-scale plant required for this will be built by BASF by the middle of the decade.
BASF sees an important future market in the business with cathode materials for electric car batteries and is building a global production network – in Europe in Harjavalta, Finland, and in Schwarzheide in Brandenburg. Since the raw materials can quickly become scarce in view of the expected demand, the company relies on the rapid development of a circular economy.
In XETRA trading, BASF shares are temporarily 0.34 percent higher at EUR 45.46.
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Image sources: BASF SE