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Business Finland awards €27.7M to Neste for Porvoo refinery green hydrogen projects

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Business Finland awarded Neste with a public funding of €27.7 million for green hydrogen projects at Neste’s refinery in Porvoo, Finland, aiming to develop solutions for renewable hydrogen production. In Finland, the EU application process has been coordinated by the Ministry of Economic Affairs and Employment and Business Finland.

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Volkswagen global EV production network grows with launch of second German site in Emden

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Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 4’s start-up is on schedule, despite the global challenges during the two-year conversion phase. Production for the US market will start in Chattanooga in the fall. 4 in Emden. Chattanooga (ID.4)

Global 435
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FREYR Battery awarded $3B, 31 GWh inaugural offtake agreement with leading global ESS provider

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FREYR Battery, a developer of clean, next-generation battery cell production capacity, has executed its inaugural offtake agreement for at least 31 GWh of low-carbon battery cells with an undisclosed, leading global publicly listed manufacturer and provider of energy storage systems (ESS). —Tom Jensen, the CEO of FREYR.

Global 221
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Volkswagen Passenger Cars lifts global deliveries of BEV vehicles by 197% and of electric vehicles overall by 158% in 2020

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3 with 56,500 units sold—even though this only came on the market in September—followed by the e-Golf with around 41,300 units and the Passat GTE with approximately 24,000 units. 3 was the most frequently delivered BEV in Finland, Slovenia and Norway in December. in Germany in the BEV market and 23% in the Netherlands.

2020 389
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Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

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Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide.

Li-ion 170
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Finnish Minerals Group & FREYR Battery collaborate to develop LFP cathode materials plant in Finland

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Sokli’s mineral resources are globally significant. Accordingly, Finnish Minerals Group is working to minimize changes to surface and ground water as well as safeguard the trout habitat in Nuorttijoki river. However, the area’s potential has not been studied comprehensively before.

Finland 186
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Finnish Minerals Group increases its holding in the Keliber lithium project

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The laying of the earthworks for the Keliber lithium refinery (first phase of the project) in Kokkola, Finland began on 7 March 2023 with the foundation stone planned to be laid during a ceremony on 11 May 2023. Keliber is an advanced lithium project, located in Kaustinen and Kokkola, Finland.

Finland 210