By Liam Casey The Canadian Press Posted November 20, 2025 2:48 pm Up to date November 20, 2025 3:28 pm 1 min learn Descrease article font dimension Improve article font dimension A Norwegian firm is investing $3.2 billion to construct an artificial graphite plant in southwestern Ontario. Vianode CEO Burkhard Straube says it would assemble the plant in St. Thomas, Ont., and can initially create 300 jobs and ramp as much as 1,000 jobs as soon as the plant is working at full capability.
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For information impacting Canada and all over the world, join breaking information alerts delivered on to you after they occur. Straube says artificial graphite is the largest element by weight in electrical car batteries, however can be important for nuclear reactors and defence programs. Volkswagen’s battery firm, PowerCo, has lately damaged floor on its huge gigafactory in St. Thomas, although Straube wouldn’t touch upon any doable offers with the automaker. Trending Now
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Premier Doug Ford says the province is offering a $670-million mortgage to Vianode.
Ford says electrical autos are the best way of the long run — although the market has slowed significantly, with Honda asserting a delay in constructing its $15-billion battery plant in Alliston, Ont., and Umicore pausing its building of a $2.7-billion EV battery plant in Kingston, Ont.
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