Norsk Hydro and Northvolt have set up a joint venture that will focus on the recycling of both battery materials and aluminum from Norway’s electric vehicle sector. In an announcement Monday, battery manufacturer Northvolt said the venture, dubbed Hydro Volt, would set up a “recycling hub” in Norway, with operations there slated to begin in 2021. The hub, in the city of Fredrikstad, will be “highly automated” and used to crush and sort lithium-ion batteries. Initially, it will have the capacity to process over 8,000 tons of batteries per year.
Recycling at the facility will produce both aluminum and something called black mass, which refers to a substance containing lithium, cobalt, manganese and nickel. The black mass will be sent to a Northvolt facility in Sweden, where its raw materials will be recovered. “Northvolt has set a target for 50 percent of our raw material in 2030 coming from recycled batteries,” Emma Nehrenheim, chief environmental officer for Northvolt’s recycling business unit, Revolt, said in a statement.
Norway is home to a mature electric vehicle market and is something of a world leader when it comes to adoption of the technology. According to the country’s government, 43% of all new cars sold in 2019 were electric, while the top selling car was the Tesla Model 3. By the year 2025, authorities want all new light vans and passenger cars sold in Norway to be zero-emission vehicles.
Source: CNBC
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