Tuesday
January 24
2023

BASF, Eramet Finalize $2.6 Billion Partnership to Invest in EV Battery Nickel Processing Facility in Indonesia

By John Lopez,

Reuters report that German chemical giant BASF and French mining company Eramet plan to invest $2.6 billion in an Indonesian facility to produce mixed hydroxide precipitate (MHP), a key component in electric vehicle batteries.

The facility, expected to start production in early 2026, will extract nickel from ore using a high-pressure acid leach (HPAL) process, with an annual output capacity of up to 67,000 tonnes of nickel and 7,000 tonnes of cobalt.

Photo courtesy of khengsiong.

Source: Tech Times (link opens in a new window)

Categories
Energy
Tags
electric vehicles, manufacturing, partnerships, public private partnerships, transportation