Multi-sector Collaboration
In 2023, BMI strategically acquired 400 acres on the Welland Canal in Port Colborne, expanding Niagara Ports to drive economic growth in the Niagara Region.
When the site was shortlisted for Asahi Kasei’s Lithium-Ion Battery Separator Plant, BMI coordinated a multi-sector team to fulfill their infrastructural requirements, strengthening the region’s position as an emerging hub in the EV supply chain.
Developing the EV Sector
On May 14th, Asahi Kasei announced their unprecedented $1.6B investment in Port Colborne to build an EV battery separator plant on land purchased from BMI. Their presence in Ontario supports Bloomberg's #1 ranking for Canada in lithium-ion battery supply chain capability, #4 in the world for EV raw materials, and a top 10 producer of nickel, cobalt, graphite, and aluminum.