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Fortum

Fortum strengthens hold on materials supply chain with lithium-ion battery recycler buy-out

Thu, 01/23/2020 - 14:18 -- paul Crompton

State-owned energy company Fortum is set to buy out fellow Finnish company Crisolteq as it looks to tighten its grip on the lithium-ion battery recycling market. 

The buy-out the hydrometallurgical lithium-ion battery recycler was announced on 16 January and positions Fortum as a key player in the recovery of high value lithium-ion battery materials, including nickel and cobalt, in Europe.

Click HERE to read BEST’s dedicated battery recycling section in the latest edition of the magazine.

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Finnish partners promote EV battery materials recycling

Wed, 03/27/2019 - 10:54 -- Hugh Finzel
Finnish partners promote EV battery materials recycling

Finnish companies Fortum and Crisolteq have teamed up to launch a materials recovery process claimed to make more than 80% of electric vehicle (EV) batteries recyclable.

Power company Fortum said the technology uses “a low-CO2 hydrometallurgical process”, developed by metal recycling services firm Crisolteq, to recover scarce battery metals such as cobalt, nickel, manganese and lithium.

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