Finnish company Grafintec Oy and Indian company Epsilon Advanced Materials have made a plot reservation and signed a Memorandum of Understanding with the City of Vaasa to establish an anode materials production facility in the GigaVaasa area.
– We are delighted that our battery value chain will be complemented as planned, and previously concluded agreements will attract new operators to the region. Synergy and environmental benefits are considerable, says Tomas Häyry, the Mayor of Vaasa, with satisfaction.
Joint Venture in Charge of the Development Project
The joint venture of Grafintec Oy, a 100% owned Finnish subsidiary of Beowulf Mining, and Epsilon Advanced Materials, an Indian company, will take charge of the construction of the anode material plant in Vaasa. Beowulf Mining announced the Joint Venture agreement between Grafintec Oy and Epsilon Advanced Materials on 6 December 2021.
For more information, please read the press release from Beowulf Mining
One of the Large Plots in the GigaVaasa Area
The Vaasa City Board approved the plot reservation and cooperation agreement on 13 December 2021. The reserved site number 18 is located near the site reserved for FREYR Battery’s proposed battery cell development.
Read City of Vaasa’s whole press release 11.1.2022: One of Europe’s First Anode Materials Production Facilities for the Battery Industry Under Planning in Vaasa
