Fortum & Terrafame announce battery recycling partnership
Finnish companies Fortum and Terrafame are cooperating on recycling battery materials. Terrafame will use the raw recycled materials from Fortum to produce battery chemicals, which will then be used in new batteries.
The energy company and the mining company have signed an agreement on a trial project in which the metals Fortum recovers from the black battery mass of electric vehicles will be used by Terrafame to produce battery chemicals. Under the agreement, Fortum will supply nickel and cobalt to Terrafame.
Both materials will be recovered from the black mass of discarded batteries from electric cars at Fortum’s recycling plant in Harjavalta. Terrafame will then use the recycled raw materials to produce battery chemicals for new batteries. At the end of their life cycle, these batteries will be recycled again, closing the raw material loop. The trial project between Fortum and Terrafame starts this month and the collaboration is expected to last for several years.
“We are very pleased to be part of producing even more sustainable battery chemicals whilst contributing to the sustainability of the Finnish battery cluster. In addition, the collaboration with Terrafame is a step towards a more self-sufficient European battery manufacturing industry with less need to use imported raw materials,” said Tero Holländer, Head of Business Line Batteries at Fortum Battery Recycling.