Morocco, aiming to lead in battery and lithium production, has signed an agreement with Falcon Energy Materials and Hensen Graphite & Carbon Cooperate to develop an anode plant in the country.
The new facility will focus on the production of coated spherical purified graphite (CSPG).
This partnership is key to positioning Morocco at the forefront of sustainable battery production, capitalizing on its rich mineral resources.
Falcon Energy, in a press release, emphasized the aim to meet end-user quality standards while promoting cutting-edge transparency and sustainability norms.
The company further mentioned that a preliminary economic evaluation of the project is set to be released by the fourth quarter of 2024.
The upcoming assessment will enable Falcon to demonstrate the economic viability of the anode plant in Morocco and advance discussions with financial partners and local authorities.
The goal is to push Morocco closer to becoming a hub for lithium battery production, attracting international investments and strengthening the country’s leadership in the sector.
In May, prominent Moroccan scientist and engineer Rachid Yazami emphasized the nation’s potential in the lithium battery industry, stating that the combination of scientific research and educational institutions is helping prepare Moroccan professionals for the future of battery production.
“Morocco has significant potential, and gradually, with the support of universities and engineering schools, the country is preparing professionals to sustain such projects,” Yazami explained.
Several foreign companies specializing in battery materials have already set up operations in Morocco.
In August, China’s BTR Group announced a USD 366 million investment to build a battery plant in Tangier, aiming to produce 60,000 tons of anode materials annually for lithium-ion batteries.
This facility is designed to enhance the company’s global customer service.
In June, Gotion High-Tech, another Chinese firm, signed an agreement with the Moroccan government to create a gigafactory in Kenitra.
This USD 1.2 billion investment is focused on producing batteries for electric vehicles, further advancing Morocco’s role in the electric battery market.