Süd-Chemie, a global chemical company, will invest C$35 million (US$30 million) in 2007 and 2008 in one of its Canadian affiliates to increase lithium iron phosphate production capacity for use in new generations of lithium-ion batteries to 1,500 metric tons per year.
Phostech Lithium Inc., Boucherville/Canada, an affiliate of Süd-Chemie, is already investing C$6 million to expand its production capacity from 300 metric tons per year of lithium iron phosphate (LiFePO4) to 900 metric tons per year.