Finnish Minerals Group and Epsilon Advanced Materials have signed a memorandum of understanding (MoU) under which the companies will evaluate the possibility of setting up an anode materials production facility in Vaasa. A plot of land in the GigaVaasa area has been reserved for the facility after it became vacant when the cooperation between Grafintec Oy and Epsilon Advanced Materials ended on the 25th of August 2022.
“I am very pleased that the development of the GigaVaasa area is continuing according to plan, as the value chain is complemented with anode materials production. The cooperation between Epsilon and Finnish Minerals Group has been very productive and extremely efficient,” says Tomas Häyry, Mayor of Vaasa.
The site reservation was approved at the Vaasa City Board’s meeting on the 3rd of October 2022. The company has reserved Plot 18, which is located close to the site reserved by FREYR Battery for its battery cell plant.
According to a Finnish Minerals Group’s press release, cooperation on the production facility project will begin with the preparation of an environmental impact assessment programme. The aim is to launch the EIA procedure for the project in early 2023 by submitting an EIA programme to the coordinating authorities.