Nornickel Harjavalta wins EUR 15 mln grant from Finland

NornickelPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel” and its subsidiariesGo to the glossary Harjavalta to receive funding from Business Finland for a refinery expansion investment that will significantly strengthen the European battery ecosystem and promote the construction of a sustainable battery industry in Finland.

Bird’s eye view of Nornickel Harjavalta

Business Finland has granted EUR 15 mln in funding for Nornickel Harjavalta’s expansion investment, which will support the growing demand of responsibly produced battery materials in Europe for electric vehicles with a low carbon footprint.

With the investment, Nornickel Harjavalta’s production capacity will be increased from 65,000 tons to over 100,000 tons nickel content in metal and chemical products. When implemented, the expansion investment will significantly strengthen the European battery ecosystem and improve the environmental performance of the production site. The financing promotes the construction of sustainable battery industry in Finland enabling the growth of the business and industrial jobs.

“We are really grateful for this funding and the trust in our operations. This funding shows our importance in the Finnish battery ecosystem. We are a reliable and responsible operator, and this funding supports our goals for responsible growth as the demand for battery materials grows”, says Joni Hautojärvi, Managing Director of Nornickel Harjavalta.

Carbon footprint of nickel and cobalt products produced in Harjavalta has decreased significantly in recent years. Oil products used in production have been replaced by bioenergy and liquefied natural gas. The carbon footprint of the products is already one of the lowest in the industry. The increase in production capacity will further improve efficiency of the refinery and reduce carbon footprint of our products.

The expansion investment will be implemented in two stages. In the first one, production will increase from 65,000 tons to 75,000 tons in 2023. During the second stage, production will increase to more than 100,000 tons by the beginning of 2026.