Vianode invests NOK 2 billion in battery materials plant in Norway
Vianode, a company owned by Elkem, Hydro and Altor, has decided to invest in its first industrial-scale plant for sustainable battery materials at Herøya in Norway.The investment of around NOK 2 billion will create new industrial jobs and provide critical battery materials. The decision is an important step towards establishing a complete battery value chain in Norway for the European market. The industrial plant at Herøya, Norway, will produce anode graphite for about 20,000 electric vehicles (EVs) per year by 2024. This investment is the first phase in a larger investment plan. The