- The battery chemicals plant is a EUR 240 million investment decided in 2018.
- The plant has one of the highest production capacities globally.
- The project took over two years to complete.
- The plant produces nickel sulphate with a carbon footprint over 60% smaller than average.
Investment and Capacity
Terrafame's new battery chemicals plant, a EUR 240 million investment initiated in 2018, has started production. The plant boasts one of the highest production capacities globally, integrating in-house mining to battery chemicals on a single industrial site.
Project Timeline and Completion
The construction of the plant was an intensive project spanning over two years. The strong commitment of the project organization and all involved parties ensured its successful and cost-effective completion.
Environmental Impact
Terrafame's production process is energy-efficient, providing battery chemicals with one of the smallest carbon footprints in the world. The company produces nickel sulphate with a carbon footprint more than 60% smaller than the industry average.
Economic Impact
The new plant is significant for Finland's economy, contributing almost 20% of the gross domestic product of the Kainuu region and employing over 5,500 people directly and indirectly. The plant supports the growing demand for electric vehicle battery minerals, aligning with global trends towards sustainability and reduced carbon emissions.
