Substances or chemicals that are employed as the building block or raw materials in the creation of other compounds or materials are referred to as precursor materials.
To produce goods that are more sophisticated or complex, these materials are changed through various chemical processes.
The production of materials, electronics, chemicals, and the pharmaceuticals all depend heavily on precursor materials.
They frequently serve as the fundamental building blocks for producing a vast array of completed products.
The precursor materials accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
In Ontario, Canada, Umicore intends to build a manufacturing plant for cathode active battery materials (CAM) and their precursor materials (pCAM).
To support its clients in their rapid transition to sustainable electric mobility, Umicore sees this investment as the last step in building a genuinely global industrial footprint with fully integrated regional value chains for battery materials.
The proposed facility, which would be the first of its kind in North America, would combine the production of cathode and precursor materials on an industrial scale, filling a critical gap in Canada’s battery value chain that runs from natural resources to electric mobility.
Umicore is negotiating production contracts in North America with a number of potential clients.
This demonstrates Umicore’s commitment to value creative returns and will serve as the foundation for its investment decision.
In order to provide its customers in the region with secure and circular access to essential battery materials and – in line with its previously announced ambition to establish a regional presence in North America – across the CAM value chain, Umicore will also investigate opportunities for metals refining and battery recycling in North America.
European Carbon Fiber GmbH (“ECF”), a German manufacturer of high-quality “precursor” for large-tow (50K) polyacrylonitrile (PAN) carbon fibers, was acquired by Solvay.
With this acquisition, Solvay is laying the groundwork for leading the adoption of composites in automotive applications, serving a small number of industrial customers, and assisting with the eventual use of large-tow fibers in aircraft.
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