For sustainable production Elkem has signed a Letter of Intent (LoI) with Vow ASA’s wholly owned subsidiary Vow Industries in Norway. The two companies will join competence and technology solutions to develop and manufacture biocarbon and other products for Elkem’s production of silicon and ferrosilicon products.
- The LoI helps in reducing fossil CO2-emissions from the Elkem’s production.
- The biocarbon will be produced at Vow Industries planned plant at Follum, outside Oslo in Norway, from a sustainable feedstock comprised of forestry wood mass, wood waste and other wood materials
The prominent deals and expansions by Elkem are featured below:
Oct 2020: The global silicones manufacturer Elkem announced the signing of Memorandum of Understanding (MoU) with FREYR to supply of battery materials to FREYRs lithium-ion battery cell facility in Mo i Rana, Norway. As per agreement, Elkem and FREYR will work together to establish long-term active anode material supply agreements, including battery graphite and high-content silicon battery materials, for FREYRs initial pilot production line, the 2-25 GWh fast-track facilities and the subsequent 2-phase 32 GWh giga-factory.
Sep 2020: Elkem had decided to invest in a new biocarbon pilot plant in Canada. The project aims to secure industrial verification of Elkems technology for renewable biocarbon, with a long-term goal of contributing to climate-neutral metal production. The technology also has potential for application in other industry sectors, contributing to reduced CO2 emissions.
Aug 2020: Elkem had selected Herøya Industrial Park as the site for a potential large-scale plant for battery graphite production in Norway. The project, named Northern Recharge, aims to supply the fast-growing battery industry through a competitive production process and make batteries greener with lower CO2 emissions.
April 2020: Elkem ASA had completed the acquisition of Polysil, a leading Chinese silicone elastomer and resins material manufacturer. Polysil had strong positions in baby care and food grade silicones, as well as silicone products for the electronics and medical markets. Polysil and Elkem’s complementary product and market positions provide a solid platform for further specialisation and growth in China and globally.
Elkem, headquartered in Oslo, Norway, is one of the world’s leading suppliers of silicon-based advanced materials. The company involves in operations throughout the value chain from quartz to specialty silicones, as well as attractive market positions in specialty ferrosilicon alloys and carbon materials. The company serves the construction, transport, engineering, aluminum, chemical and electronic industries. Elkem has approximately 6,700 employees with 31 production sites and an extensive network of sales offices worldwide.