The precursor cathode active material (pCAM) to be manufactured at the Hamina plant is a prior stage to cathode active material (CAM). The precursor material makes up about 60% of the monetary value of the cathode active material, which in turn contributes about 30% of the value of the final battery. This means about 18% of the entire value of the battery will come from the Hamina plant.
Both pCAM and CAM play a critical role in the battery value chain. The Hamina plant will supply active material for approximately 500,000 (77 kWh) fully electric cars per year (with a capacity of 60,000 t/a).
The creation of a strong battery industry is one of the cornerstones of the European Union’s ongoing green transition. According to the World Economic Forum’s estimates, the global battery production must be increased 19-fold to make the transition to a truly low-carbon economy possible.
The fight against climate change intensifies and an unprecedented trend of electrification is underway. The sales of electric vehicles are growing by leaps and bounds every year. As electric cars become more and more popular, the demand for battery materials will grow sharply.
At the same time, the automotive industry and consumers want smart, sustainable products with production chains that can be easily traced from start to finish. The battery materials at CNGR Finland’s Hamina plant more than meets this challenge.
Finland’s national battery strategy aims for Finland to be a leading country in sustainable battery production and electrification. The battery material plant in Hamina, as well as the existing Finnish mining and mineral production industries, are an integral part of the Finnish battery ecosystem. We add value to batteries.
The birth of a domestic battery industry can be one of the greatest opportunities to emerge from Finland in recent years.
Kymenlaakso Region has strong industrial roots with unbeatable connectivity, infrastructure, education and expertise to serve the energy sector. Battery material production is a new, emerging area that offers the Hamina-Kotka Region a firm foundation for future growth.
The region is the center of a growing ecosystem. The nearby port offers reliable connections to suppliers and markets all over the world. The Hamina plant will also work with local partners and use local raw materials whenever possible. When a battery pack reaches the end of its lifecycle, the materials can be recycled into new products. The plant and region will play an important role in the transition to a sustainable circular economy.