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Firms sign LoI to develop lithium-ion battery recycling operation in Finland

Tue, 03/10/2020 - 11:45 -- Paul Crompton

Three firms have signed a letter of intent that outlines the intention of the parties to co-operate on an electric vehicle battery recycling cluster in Harjavalta, Finland.

Finnish-headquartered Fortum, German chemical’s firm BASF, and Russian mining company Nornickel are joining forces to form a “closed loop” cycle to re-use metals recycled from used batteries.

While the project has begun, a spokesman for the firms said there is “no specific timeline at this point” to create the recycling facilities.

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