Al Mada and CNGR agree partnership to produce components for lithium-ion batteries in Morocco
Africa-wide private investment fund Al Mada and CNGR, producer of active materials for lithium-ion batteries, announced the signing of a partnership agreement to establish a joint venture based in Morocco to manufacture battery components for electric vehicles.
Based on the belief that vehicle electrification will be central to combating climate change, Al Mada and CNGR plan to establish a plant to process national natural resources (particularly cobalt, phosphate and manganese) into battery components. The focus will be on producing cathode active material (PCAM) precursors using nickel-cobalt-manganese oxide (NCM) technology and cathode active material (CAM) using lithium-iron phosphate (LFP) technology, a growth technology increasingly used in electric vehicle batteries. The plant will also include recycling facilities for the recovery and value-added processing of metals and other materials from spent batteries. It will be located in Jorf Lasfar in the El Jadida region of Morocco.
As a first step, the newly formed joint venture plans to build production facilities for precursors for NCM active materials with a capacity of 120 kT annually, production facilities for LFP cathodes with a capacity of 60 kT annually, and recycling facilities for battery materials with a capacity of 30 kT annually. This Moroccan production will be equivalent to 70 GWh, enough to equip over one million electric vehicles per year. Production will be mainly for export to meet strong demand in Europe and America.
Negotiations are currently underway between the joint venture and OCP Group for the purchase of phosphate products to meet the project's needs.
The investment volume is approximately 20 billion Moroccan dirhams ($2 billion). The construction phase of the site is expected to start in 2023. Production of battery materials is scheduled to begin in 2025.
Al Mada and CNGR are aiming for sustainable and responsible production with mainly renewable energy sources, a high degree of local integration and an important local knowledge transfer. Benefiting from the strong support of the Moroccan government, the investment will enable the development of a new ecosystem for lithium-ion batteries in Morocco, creating thousands of jobs and strengthening the national automotive sector in its coming energy transition.
The construction phase of the production facilities will begin after obtaining the necessary regulatory approvals.
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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