Terrafame concludes contract for the construction of an oxygen plant for its battery chemicals plant 14.6.2019

Terrafame and Air Liquide have entered into a contract for the supply of oxygen, based on which Air Liquide will construct an oxygen plant at Terrafame’s industrial site in Sotkamo. Production is scheduled to be launched at the new oxygen plant in November 2020.  

Terrafame uses oxygen at its new production plant to manufacture battery chemicals for electric vehicle batteries. The sharp increase in the demand for electric vehicles has also led to an increasing demand for battery chemicals worldwide. The annual production capacity of the battery chemicals plant is approximately 170,000 tonnes of nickel sulphate and 7,400 tonnes of cobalt sulphate. Terrafame’s total investment in the battery chemicals plant is approximately EUR 240 million.

Air Liquide is the world’s leading supplier of gases, technologies and services for industry and the health sector.

Additional information: Joni Lukkaroinen, toimitusjohtaja, tel. +358 20 7130 800 (switch)

 

Terrafame Ltd is a Finnish multi-metal company producing nickel, zinc, cobalt and copper at its mine and metals production plant located in Sotkamo, Finland. We are now planning the processing of our main product, nickel-cobalt sulphide, into nickel and cobalt sulphates suitable for electric vehicle batteries. Our aim is to conduct environmentally sustainable, safe and profitable operations. www.terrafame.com

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