Our associated company's CAM project environmental permit now legally valid

The environmental permit granted to Easpring Finland New Materials Oy, an associated company of Finnish Minerals Group, for the CAM plant is now legally binding, as no appeals were received against the permit decision.

“This is a fantastic achievement for our entire project team and enables the project to progress to the next phase. We have invested a lot of time in the design of the plant and regular stakeholder engagement with local people, which is reflected in the smooth progress of the permit process. Furthermore, the permit application was processed under the green transition priority procedure,” comments Timo Strengell, SVP of Battery Value Chain at Finnish Minerals Group.

The CAM plant is planned for the Keltakallio industrial area in Kotka, and its operations are intended to start in 2026. Once operational, the plant will produce cathode active material, which is essential for the electrification of transportation and energy storage.

Finnish Minerals Group owns 30 percent of Easpring Finland and has been involved in planning the project for several years. The CAM plant is an industrial project worth approximately 770 million euros.
 

Modelling image:

CAM-tehdas

Further information for media: 

Timo Strengell, SVP, Battery Value Chain, Finnish Minerals Group
firstname.lastname(at)mineralsgroup.fi, +358 40 738 4860
 

Finnish Minerals Group
The mission of Finnish Minerals Group is to responsibly maximise the value of Finnish minerals. We manage the State’s mining industry shareholdings and strive to develop the Finnish value chain of lithium-ion batteries. Through our work, we contribute to Europe moving towards electric transport and a more sustainable future. www.mineralsgroup.fi

Easpring Finland New Materials Oy
Established in March 2024, Easpring Finland New Materials Oy is a joint venture of which Beijing Easpring Material Technology Co., Ltd., listed in ChiNext, owns 70 percent and Finnish Minerals Group 30 percent. The purpose of the company is to produce cathode active materials for the needs of the European production facilities of Easpring’s existing and new customers.