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House Hansard - 236

44th Parl. 1st Sess.
October 20, 2023 10:00AM
Context: House Hansard - 236 - Oct/20/23
Mr. Mark Gerretsen (Kingston and the Islands, Lib.)
  • Oct/20/23 11:19:00 a.m.
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Mr. Speaker, I rise today excited to congratulate Umicore Rechargeable Battery Materials Canada. This past Monday marked its official groundbreaking for the manufacturing plant it is building in Loyalist township, located just outside my riding. The plant will manufacture materials that are required for the production of electric vehicle batteries. In full swing, its operation has the capacity to produce enough battery materials to support the production of over 800,000 electric vehicles each year. What is more, it is designed to be nearly carbon-neutral from the start of production. Of course, this is excellent news for our region in terms of economic development and job creation. It is also great news for Ontario and Canada, as it helps strengthen our position as a global leader in the electric vehicle and battery supply chain. I am proud that the federal government has committed up to $551 million, through the strategic investment fund, to support this project. I send congratulations and best wishes to Umicore, as well as thanks for choosing eastern Ontario.
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