📋 Tender Overview
Scope : To Construct Lithium-Phosphate-Iron (LFP) Cathode Material Plant in Morocco
South Korean chemical company LG Chem has signed a memorandum of understanding with China-based Huayou Group to construct plant in Morocco.
The facility is a lithium-phosphate-iron (LFP) cathode material plant in Morocco.
LG Chem CEO Shin Hak-Cheol will actively respond to the emerging LFP cathode material market with the Morocco plant as global base.
Their goal is to create a strong, vertically integrated material supply chain – flowing from raw materials to precursors and cathode materials – and solidify their status as the world’s top comprehensive battery materials producer.
The Morroco plant is set to have a capacity of 50,000 tonnes per annum (tpa).
This plant will be built in partnership with Huayou subsidiary Youshan and is scheduled to begin production in 2026.
As Morocco is a signatory to the US Free Trade Agreement, the LFP cathode materials manufactured at this facility will be provided to the North American market and subsidised under the US Inflation Reduction Act (IRA).
According to the IRA’s Foreign Entity of Concern requirements, both parties will amend their shares.
Through this Moroccan facility, LG Chem will enter the LFP cathode materials sector and subsequently expand into lithium-manganese-phosphate-iron cathode materials production.
Partner :
Huayou Group
No.18 Wuzhendong Road,
Tongxiang City, Zhejiang Province
China
Tel:0086-573-88587878
Website : https://en.huayou.com/
