Fortum Battery Recycling Oy and AMG Lithium GmbH sign MoU for supply of recycled lithium hydroxide.
Fortum Battery Recycling Oy and AMG Lithium GmbH have entered into a preliminary agreement and signed a memorandum of understanding regarding the recycling of lithium salts and refining them into battery-grade lithium hydroxide.
AMG Lithium GmbH, based in Germany is a subsidiary and part of the AMG Clean Energy Materials division of AMG Critical Materials N.V. The company is currently constructing a lithium hydroxide production plant in Bitterfeld, Germany, where the objective is to process the recycled lithium salts retrieved from Fortum’s new hydrometallurgical recycling plant in Harjavalta, Finland.
Tero Holländer, Head for Battery business line, Fortum Battery Recycling, said:
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We are very excited to be cooperating with AMG Lithium on this important project.
“We were looking for a partner who shared our vision for the future and was as committed to sustainability and lowering their carbon footprint as we are – and we found that in AMG Lithium”.
“The agreement with AMG is also a great testament to the significance of our newly opened Harjavalta plant for the European battery recycling industry, highlighting the increased need for recycled battery materials and demand for new efficient and sustainable solutions. Through this co-operation Fortum is the first company that can offer true European closed loop solution for automotive and battery industry” Holländer continues.
Fortum’s all new commercial scale hydrometallurgical plant in Harjavalta is able to efficiently recover valuable metals from old electric vehicle lithium-ion batteries while also recycling various waste fractions derived throughout the battery supply chain. According to the signed MoU, the recovered lithium product recovered by Fortum will be delivered to AMG Lithium for further processing.
Together, Fortum Battery Recycling and AMG Lithium aim to improve the entire battery recycling chain, contribute to reducing its CO2 footprint, and reduce the European battery value chains dependency on raw material imports.
Dr. Stefan Scherer, CEO of AMG Lithium GmbH, said:
This MOU represents another important step towards an independent and sustainable lithium supply chain for Europe.
“We are looking forward to working together with Fortum in order to de-carbonize and improve the battery recycling lithium supply chain in Europe.”
Fortum Battery Recycling Oy and AMG Lithium GmbH sign MoU for supply of recycled lithium hydroxide, May 24, 2023
