CNGR Finland is preparing a pCAM plant in Hamina
The pCAM plant, which produces precursor cathode active material, is planned to be constructed in Hamina. It will be implemented by CNGR Finland Oy, a new company established by Finnish Minerals Group and CNGR Advanced Material in 2022. We own 40 per cent of the new joint venture. The goal of the company is a state-of-the-art production plant capable of offering precursor cathode active material with an unprecedentedly low carbon footprint.
The product is precursor cathode active material
Precursor cathode active material is a preliminary stage of the cathode active material used to manufacture lithium-ion batteries. CNGR Finland’s precursor plant is an essential part of the development of the Finnish and European battery value chain.
A cathode active material (CAM) plant is planned in Kotka, next door to Hamina, and when completed, the Kymenlaakso area can be described as one of the largest clusters of battery material plants in Europe.
Cooperation with a leading technology company
Finnish Minerals Group’s partner, CNGR Advanced Material, a technology company listed on the Shenzen Stock Exchange, is the largest supplier of precursor material in the Asia-Pacific region with a global customer base. The company has three precursor plants in China and solid expertise in technology and the ramp-up of industrial production.
Towards sustainable growth
Finnish Minerals Group makes investments on commercial grounds and on a long-term basis, seeking a return on investments. We are committed to ethical business, taking responsibility for the environment, and engaging in dialogue with our stakeholders.