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Norwegian startup Blastr plans €4B green steel plant in Finland

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Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Blastr’s project—the green steel plant together with the integrated hydrogen facility—will be among the largest industrial investments in Finland. —Hans Fredrik Wittusen.

Finland 437
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Stellantis and Terrafame agree on low-carbon nickel sulfate supply for EV batteries

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signed a supply agreement for nickel sulfate to be used in electric vehicle (EV) batteries. Beginning in 2025, Finland-based Terrafame will supply Stellantis with nickel sulfate over the five-year term of the agreement. Stellantis N.V. and Terrafame Ltd.

Supplies 210
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Fortum, BASF, and Nornickel sign cooperation agreement on Li-ion battery recycling

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Fortum, BASF, and Nornickel have signed a letter of intent to plan a Li-ion battery recycling cluster in Harjavalta, Finland, serving the electric vehicle market. This would enable a successful “closed loop” cycle to re-use the critical metals present in used batteries. Earlier post.). Earlier post.).

Li-ion 383
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BASF and Nornickel partner to supply cobalt and nickel battery materials

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BASF and Nornickel have established a strategic cooperation to meet the growing needs for battery materials in electric vehicles. BASF has selected Harjavalta, Finland, as the first location for battery materials production serving the European automotive market. —Kenneth Lane, President, BASF’s Catalysts division.

Supplies 186
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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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Johnson Matthey to exit battery materials business; increased commoditization, lower returns

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Following a detailed review and ahead of reaching a number of critical investment milestones, the company has concluded that the potential returns from the Battery Materials business will not be adequate to justify further investment. JM intended to supply eLNO to customers in Europe from two new production facilities.

Batteries 334
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FREYR Battery establishes technology center in Boston

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FREYR Battery, a Nordic developer of clean, next-generation battery cell production capacity, has opened its first US-based technology center in Boston in accordance with the company’s expansion strategy. The US is a critical strategic market for FREYR.

Boston 210