Norway’s Vianode Invests $194 in Battery Materials Plant

0
21

COPENHAGEN (Reuters) – Vianode, owned by Norsk Hydro, Elkem and Altor, will invest 2 billion Norwegian kroner ($193.51 million) in building a large-scale renewable battery materials plant in Norway, the company said Wednesday.

“The decision is an important step towards establishing a complete battery value chain in Norway for the European market,” the statement said.

The plant will be able to produce anodegraphite for about 20,000 electric vehicles (EVs) per year by 2024. Vianode is also planning a second-phase plant with the capacity to supply materials to two million EVs per year by 2030.

See also  Horrifying moment decomposed remains burst from coffins and were pulled from graves

“Vianode’s graphite materials are produced with up to 90% lower CO2 emissions than current standard materials.”

Norway, a major oil and gas producer, is seeking to diversify its industrial base, including by taking advantage of its access to minerals, metals and rare earths essential to Europe’s sustainable battery-making plans.

($1 = 10.3352 Norwegian kroner)

(Reporting by Stine Jacobsen, editing by Anna Ringstrom)

See also  Sexual assault near UC Berkeley campus under investigation as an anti-Asian hate crime

LEAVE A REPLY

Please enter your comment!
Please enter your name here