Company powers down planned expansion of B.C. battery plant

Battery manufacturer E-One Moli Energy has announced it is not going ahead with the expansion of its Maple Ridge plant – at this time.

The federal commitment was $205 million, with another $80 million from the province, and the plan was for E-One Moli to expand its facility in Maple Ridge, and become Canada’s largest high-performance lithium-ion battery cell manufacturer. They would produce up to 135 million battery cells per year."It's not really the bad news everyone thinks it is – they're not cancelling, they're just putting it on pause," he said.

He pointed out the project is not overdue – it was slated for completion in 2028. The company has stated the plant expansion in Maple Ridge remains a sound investment.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sault Ste. Marie energy company buys Timmins-based propane supplierNasco is a leading supplier of residential and commercial fuels, oils and lubricants
Source: SooToday - 🏆 8. / 85 Read more »

TC Energy CEO sees opportunity in Trump win as company refocuses on natural gasTC Energy Corp. announced it is going ahead with a total of about $1.5 billion in capital spending across four new projects.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

TC Energy CEO sees opportunity in Trump win as company refocuses on natural gasCALGARY — Donald Trump's return to the White House is good news for Canada's energy sector and an opportunity for TC Energy Corp., the CEO of the Calgary-based pipeline company said Tuesday.
Source: SooToday - 🏆 8. / 85 Read more »

TC Energy CEO sees opportunity in Trump win as company refocuses on natural gasDonald Trump's return to the White House is good news for Canada's energy sector and an opportunity for TC Energy Corp., the CEO of the Calgary-based pipeline company said Tuesday.
Source: CTVCalgary - 🏆 26. / 68 Read more »