Quebec Premier François Legault and Economy Minister Pierre Fitzgibbon announce a $250 million state loan and equity investment to construct North America's largest closed-loop hydrometallurgical EV battery cathode recycling plant in Bécancour.

BÉCANCOUR, Que. — Quebec Premier François Legault and Minister of Economy, Innovation and Energy Pierre Fitzgibbon announced on Monday a $250 million provincial financial partnership through Investissement Québec to construct a massive closed-loop hydrometallurgical battery material recycling complex at the Bécancour Industrial Port Park.
The $850 million commercial facility, developed in partnership with Northvolt, GM, and POSCO Chemical, will process 40,000 metric tons of end-of-life electric vehicle battery packs and manufacturing scrap annually, recovering 95 percent of battery-grade lithium, nickel, cobalt, and manganese to produce recycled precursor cathode active materials (pCAM) directly for adjacent gigafactories.
Completing the Circular Battery Supply Chain in Quebec Quebec's "Battery Valley" in Bécancour has attracted over $15 billion in international clean tech investments due to abundant clean hydroelectric power, deepwater Saint Lawrence River maritime access, and proximity to North American automotive assembly plants.
"Quebec is building the most integrated and environmentally sustainable green battery supply chain in the world," Premier François Legault said during an announcement in Bécancour. "With this $250 million investment, we are not only manufacturing battery components with clean Hydro-Québec power, but closing the circular loop by recycling used batteries into new materials right here in Bécancour. This project creates 500 high-paying industrial jobs and solidifies Quebec as a green economic giant in North America."
Engineering Specifications and Environmental Standards The recycling complex features:
Regional mayors, economic development agencies, and industrial engineering associations praised the historic industrial development, emphasizing that domestic battery recycling safeguards North American automakers against critical raw mineral supply shortages.
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