Fortum and Valmet Automotive co-operate in sustainable recycling of battery materials
FORTUM CORPORATION BUSINESS PRESS RELEASE 19.8.2021
Fortum and Valmet Automotive, one of the leading producers of battery systems and largest vehicle contract manufacturers, have entered into a cooperation to ensure the safe and sustainable recycling of all non-conforming battery materials from Valmet Automotive’s battery plants in Salo and Uusikaupunki.
“We are proud to collaborate with Valmet Automotive, a leading player in the battery systems manufacturing industry,” says Tero Holländer, Head of Business Line, Batteries, Fortum. “Our collaboration will enable us to recover raw materials from their battery production process in the most sustainable way, allowing for critical metals to be fed back into Finland’s battery value chain to create new EV batteries.”
Valmet Automotive’s growing production volumes at the Salo plant and the start of production at the new battery plant in Uusikaupunki later this year emphasise the importance of a sustainable solution for material recycling. The scrapped non-conforming materials are collected at the Valmet Automotive plants and transported by Fortum for safe and efficient recycling.
"We consider it as part of our corporate responsibility and an essential part of our commitment to sustainable production that we not only produce the batteries themselves in a C02-neutral way, but that we also take care of the best possible solutions for recycling the batteries. In Fortum we have found the perfect partner for this," says Olaf Bongwald, CEO, Valmet Automotive.
The recycling co-operation also contributes to the development of a circular economy and sustainable development based value chain, for which both Fortum and Valmet Automotive have received funding this year through the EU Battery Industry Innovation Project IPCEI.
In addition to battery material recycling in Finland, the co-operation between Valmet Automotive and Fortum also includes waste management of hazardous materials at the Uusikaupunki car plant. Both companies are also exploring possibilities to extend the co-operation to Valmet Automotive’s locations in Germany in order to be closer to key players to offer sustainable services in the fast developing EV sector.
Tero Holländer, Head of Business Line, Batteries, Fortum Recycling & Waste, +358 40 861 5071, email@example.com
Frank Volk, Senior Manager, Corporate Communications, Valmet Automotive, +49 172 378 1569, firstname.lastname@example.org*Business
Press Release corrected on 20.8.2021
Previously the text stated that: In addition to battery material recycling in Finland, the co-operation between Valmet Automotive and Fortum also includes waste management at the Uusikaupunki car plant.
Fortum is a European energy company with activities in more than 40 countries. We provide our customers with electricity, gas, heating and cooling as well as smart solutions to improve resource efficiency. Together with our subsidiary Uniper, we are the third largest producer of CO2-free electricity in Europe. Close to 20,000 professionals and a combined balance sheet of approximately EUR 60 billion, we have the scale, competence and resources to grow and to drive the energy transition forward. Fortum's share is listed on Nasdaq Helsinki and Uniper's share on the Frankfurt Stock Exchange. www.fortum.com