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BASF Chemical acquires major land site in Canada for Battery Production


David

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BASF acquires site for North American battery materials and recycling expansion in Canada

BASF, a major chemical company out of Germany has acquired a major site in Canada for battery production and recycling. The note of interest is that the site will start construction and battery production once ready but will be an ongoing construction as the site will be able to handle 100 kt of battery production.

The key interest in how big this site is that Tesla has their biggest battery site in Arizona which can produce 50 megawatts of batteries per year or equal to about 500,000 Tesla 3 auto's.

100 kt is the acronym for kilotons and when converted into the more familiar megawatts of production equals 116,222 megawatts of battery production. This site will have the ability to produce about 1.1 Billion equal battery packs. WOW

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