Blackstone Resources AG (SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR)
("Blackstone”) is pleased to announce the creation of Blackstone
Research GmbH in the city of Erfurt in Germany.
This newly created firm will be wholly-owned by Blackstone. It will
provide an important platform for the company to carry out further
research and allow Blackstone to establish a substantial
battery-production project in Germany. The aim is to manufacture the
next generation of electric-vehicle batteries, close to where German
auto manufacturers are based.
EUR 200 million will be invested into this new project, initially from
Blackstone's own funds with the aim to garner further support from
subsides provided by the EU’s research and development funds, and the
German government at both a state and local level.
The company aims to have an initial capacity of 100 million battery
cells per annum, which is the equivalent of 25,000 to 100,000
electric-vehicle batteries, during the project's first phase. Further
phases will increase the production substantially.
Blackstone is currently looking at the optimal site for its battery
manufacturing facilities. One location being considered could in the
town of Eisenach, which sits 50 kilometres to the west of Erfurt. This
would place the facility in close proximity to car manufacturer Opel and
other Chinese-owned battery manufacturers.
An alternative location could be Braunschweig (Brunswick) in Lower
Saxony, Germany. A facility in this region would place it close to car
manufacturer Volkswagen, which is set to invest heavily in battery
production and R&D. The German government has also announced plans to
potentially base one of two billion-euro battery production facilities
in this region, which would be supported by a consortium of privately
own companies. The aim of the initiative would be to help to produce all
of European electric vehicle batteries by 2030.
Blackstone Resources AG
Blackstone Resources is a Swiss Holding Company, with its legal domicile
in Baar, Kanton Zug and is concentrating on the battery metals market as
primary metals. In addition, it sets up, develops and manages refineries
used for gold and battery metals. It offers direct exposure to the
battery metal revolution that is being driven by the demand of electric
vehicles that need vast quantities of these metals. These include
cobalt, manganese, molybdenum, graphite and lithium. In addition,
Blackstone Resources has started a research programme on new battery
technologies and has developed the international recognized Blackstone
battery code system BBC.
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