Image: Kuvakaappaus Caixin Global -sivustolta Ningbo Shanshan, a Chinese battery-materials manufacturer, has announced plans to invest 1.3 billion euros in building a new plant in Finland.
Finland’s national battery strategy aims for Finland to be a leading country in sustainable battery production and electrification. The battery material plant in Hamina, as well as the existing Finnish mining and mineral production industries, are an integral part of the Finnish battery ecosystem. We add value to batteries.
The battery materials at CNGR Finland’s Hamina plant more than meets this challenge. Finland’s national battery strategy aims for Finland to be a leading country in sustainable battery production and electrification.
The Finnish Minerals Group, which owns 40 percent of the Hamina factory, plans another battery materials plant for nearby Kotka. That facility is to make cathode active material. According to the company, the sites could turn the Kymenlaakso region into one of Europe's largest clusters of battery material plants.
On completion, the plant will produce 100,000 tonnes of anode material for lithium batteries. A spokesperson for Business Finland welcomed the announcement, but noted that the company must still go through the permit and financing process before work can begin. Would you like a roundup of the week's top stories in your inbox every Thursday?
It has low electricity prices, and can get the product to major battery clients in Western and Central Europe," the statement said, adding that the plant will serve the western and central European markets. On completion, the plant will produce 100,000 tonnes of anode material for lithium batteries.
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