BASF Corp., the world's largest chemical company, says it wants to put a cutting-edge facility in Elyria that would make chemicals to be used in electric and hybrid car batteries.

The deal depends on whether the company is able to get a grant through the U.S. Department of Energy, which would be funded through federal stimulus money.

BASF, a German company with U.S. headquarters in New Jersey, said Wednesday that it has signed a worldwide licensing agreement with the Energy Department's Argonne National Laboratory to mass produce and market the patented chemicals to manufacturers of advanced lithium-ion batteries. The Elyria plant would produce cathodes, a central component of the batteries.

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