AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home Business

US battery firm eyeing $500M project in Ph

AngMinero News by AngMinero News
April 26, 2022
in Business, News
28 0
0
US battery firm eyeing $500M project in Ph
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Two Missouri-based firms are looking to tap local nickel companies for supply, as they consider investments to produce and manufacture batteries and other technology products in the Philippines.

Trade Sec. Ramon Lopez said ZAF Energy Systems and affiliate Battery Grade Materials, Inc (BGM) are eyeing a $400-$500 million (around Php 21 billion to Php 26 billion) investment in the country. Lopez met with high officials of both firms in Washington, DC last week.

ZAF-BGM is targeting nickel hydroxide processing plant and battery manufacturing projects that can meet the demand for electric vehicles (EVs) and other applications for commercial and defense-related equipment.

Nickel hydroxide serves as an electrode material for battery technologies such as Nickel-Zinc Batteries for EVs and other applications.

Lopez said the Department of Trade and Industry has been targeting companies that can process our minerals instead of exporting them as raw ore, adding that the investment is qualified under the industrial value chain gaps of the proposed 2022 Strategic Investment Priority Plan.

Apart from having vast resources of green metals such as copper, cobalt, and nickel, Lopez said American companies stand to benefit from a partnership with the Philippines with the new incentives they can benefit from under Republic Act 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

Lopez had told US Commerce Sec. Gina Reimondo that the Philippines can supply America with critical metals.

Tags: batteryCorporate Recovery and Tax Incentives ActCREATEDepartment of Trade and IndustryDTIelectric vehiclesmineralsnickelRA 11534Ramon LopezRepublic Act 11534zinc

Related Posts

MGB, UNDP-Led Projects to Advance Biodiversity in Mining
News

MGB, UNDP-Led Projects to Advance Biodiversity in Mining

July 17, 2025
MGB Warns of Long-Term Impact of US Tariff on Philippine Copper
News

MGB Warns of Long-Term Impact of US Tariff on Philippine Copper

July 17, 2025
Marcos Strengthens Diwalwal Mining Task Force via Executive Order 88
News

Marcos Strengthens Diwalwal Mining Task Force via Executive Order 88

July 17, 2025
Philex 2021 core net income soars 118% to Php2.53B
News

Philex Mining Targets 2026 Launch for Copper-Gold Project in Surigao

July 16, 2025
SMPC Earns Five Honors at Regional Investor Awards
News

SMPC Earns Five Honors at Regional Investor Awards

July 14, 2025
Philippine Mining Club Luncheon Forum – Advancing Sustainable Mining Practices
News

Philippine Mining Club Luncheon Forum – Advancing Sustainable Mining Practices

July 12, 2025

FEATURED POST

MGB, UNDP-Led Projects to Advance Biodiversity in Mining

MGB, UNDP-Led Projects to Advance Biodiversity in Mining

July 17, 2025
MGB Warns of Long-Term Impact of US Tariff on Philippine Copper

MGB Warns of Long-Term Impact of US Tariff on Philippine Copper

July 17, 2025
Marcos Strengthens Diwalwal Mining Task Force via Executive Order 88

Marcos Strengthens Diwalwal Mining Task Force via Executive Order 88

July 17, 2025
Philex 2021 core net income soars 118% to Php2.53B

Philex Mining Targets 2026 Launch for Copper-Gold Project in Surigao

July 16, 2025

EDITOR PICK'S

MGB, UNDP-Led Projects to Advance Biodiversity in Mining

July 17, 2025

MGB Warns of Long-Term Impact of US Tariff on Philippine Copper

July 17, 2025

Marcos Strengthens Diwalwal Mining Task Force via Executive Order 88

July 17, 2025

Philex Mining Targets 2026 Launch for Copper-Gold Project in Surigao

July 16, 2025

SMPC Earns Five Honors at Regional Investor Awards

July 14, 2025

Philippine Mining Club Luncheon Forum – Advancing Sustainable Mining Practices

July 12, 2025

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

July 3, 2025

Recent News

MGB, UNDP-Led Projects to Advance Biodiversity in Mining

MGB, UNDP-Led Projects to Advance Biodiversity in Mining

July 17, 2025
MGB Warns of Long-Term Impact of US Tariff on Philippine Copper

MGB Warns of Long-Term Impact of US Tariff on Philippine Copper

July 17, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In