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News> Others

BASF chooses Finland for its first battery materials production unit in Europe

Jennifer

2018-11-07

08

BASF has selected Harjavalta, Finland, as the first location for battery materials production serving the European automotive market. The plant will be constructed adjacent to the nickel and cobalt refinery owned by Norilsk Nickel (Nornickel). This investment is part of BASF’s €400-mn multi-step investment plan announced last year and builds upon initial battery materials production started in Harjavalta in 2018. Start-up is planned for late 2020, enabling the supply of approximately 300,000 full electric vehicles per year with BASF battery materials. The new plant in Harjavalta will utilise locally generated renewable energy sources, including hydro, wind and biomass.

Additionally, BASF and Nornickel have signed a long-term, market-based supply agreement for nickel and cobalt feedstocks from Nornickel’s metal refinery. The agreement will establish a locally sourced and secure supply of raw materials for battery production in Europe, BASF said. The investment in the new plant in Finland reinforces BASF’s support of the EU Commission’s agenda towards a European battery production value chain. BASF is also evaluating additional locations in Europe for the construction of new plants for battery materials. “With the investment in Harjavalta, BASF will be present in all major regions with local production and increased customer proximity further supporting the rapidly growing electric vehicle market,” said Mr. Kenneth Lane, President, BASF’s Catalysts division. “Our high-nickel cathode materials are key to deliver enhanced energy density and vehicle range to our customers. With this world-scale production facility, BASF will be able to serve the European e-mobility growth strategies of key OEMs and cell suppliers with reliable supply and close collaboration,” commented Mr. Jeffrey Lou, Senior Vice President, Battery Materials at BASF.

Source: Chemical Weekly
Disclaimer: Echemi reserves the right of final explanation and revision for all the information.

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