Norwaybasedl Aluminium Company Hydro and Sweden based European battery manufacturer Northvolt announced the formation of 50:50 joint venture Hydro Volt AS to enable recycling of battery materials and aluminum from electric vehicles.
Hydro Volt AS plans to establish the recycling facility in Fredrikstad in Norway, with expected production start in 2021.
A formal investment decision in the recycling pilot plant is expected shortly, and the investment is estimated at around NOK 100 million on a 100% basis.
Output from the planned battery recycling plant in Fredrikstad will include so-called black mass and aluminum, which will be transported to Northvolt’s and Hydro’s plants, respectively. Other products from the recycling process will be sold to scrap metal buyers and other off-takers.
The pilot recycling facility will be highly automated and designed for crushing and sorting batteries. It will have capacity to process more than 8,000 tonnes of batteries per year, with an option of expanding capacity later.
In a second phase, the battery recycling facility could handle a considerable share of the commercial volumes from lithium-ion batteries in the electric vehicle fleet throughout Scandinavia.
The Norwegian company Batteriretur, located in Fredrikstad, will supply batteries to the recycling plant and is also planned as operator of the pilot plant.
A typical electric vehicle battery pack may contain more than 25% aluminium, totaling about 70-100 kg aluminium per pack. The aluminium retrieved from the new plant will be sent to Hydro’s recycling operations, enabling more production of low-carbon Hydro CIRCAL products.
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