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China’s Tinci Materials to Build $2.8B Battery Electrolyte Plant in Morocco
Chinese chemical giant Tinci Materials has signed an investment deal with Morocco to build a large-scale facility for lithium-ion battery electrolytes in the Jorf Lasfar industrial zone, Reuters reported. The USD 2.8 billion project, led by its local subsidiary, Tinci Materials Jorf Lasfar SAS, is expected to produce 150,000 tons annually of finished products for the global battery market. The company announced the agreement in a note to shareho…
Morocco advances industrial strategy with focus on green hydrogen and EV battery – The North Africa Post
Morocco’s industrial development strategy emphasizes diversifying productive sectors to strengthen the economy’s foundation, Industry and Commerce Minister Ryad Mezzour stated Wednesday during a national symposium on macroeconomic policies and investment dynamics in Rabat. The kingdom’s industrial portfolio spans agri-food, automotive, chemical and parachemical industries, aeronautics, textiles and leather, and pharmaceuticals. Mezzour highlight…
The Chinese group Guangzhou Tinci Materials Technology, one of the world's largest manufacturers of lithium battery materials and components, has formalized its investment of nearly 2.7 billion dirhams for the construction of an electrolysis plant in Morocco. The post Gigafactory: Tinci Materials is placing 2.7 MMDH for its Moroccan plant appeared first on LesEco.ma.
Based at the Crystal Tower within the Casablanca Marina, this new entity has a share capital of 27.5 million dirhams, divided into 275.274 shares of 100 dirhams each. Tesla Morocco's main objective is to develop projects in three key areas: electric mobility, solar energy and energy storage, thus aligning its ambitions with Morocco's strategic priorities in energy transition. Tesla Morocco was launched by the Dutch entities of the group, Tesla I…
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