“This is a major development which will help to meet and drive the massive demand for electric cars,” declared Tero Holländer, the director of battery business at Fortum. “With our new patented technology, we are able to recover lithium for EV batteries in a more sustainable way, but we will also have the capabilities to produce battery-grade material on an industrial scale.”

The demand for battery materials such as cobalt, lithium, manganese and nickel is expected to increase sharply due to the global shift toward electric vehicles.

Lithium, for example, is the most valuable component of lithium-ion batteries, but a lack of both known reserves and economically and sustainably viable methods to recycle the materials of existing batteries have proven obstacles on the road to electrification. Reclaiming the material from recycled sources is a means to not only supplement the mining yield, but also boost the sustainability of battery and electric vehicle production, highlighted Holländer.

“Our new technology means we are sure to position Europe and especially Finland as one of the most competitive and sustainable options for battery material recycling and production in the world,” he stated.

The global lithium-ion battery market was estimated to be worth 1.3 billion euros in 2019, but its value is projected to jump to 20 billion euros in the coming years partly because of the proliferation of electric vehicles.

The International Energy Agency (IEA) has forecast that the number of electric cars on roads will reach 125 million by 2030. Finland should seek to account for 600 000–700 000 of the total, according to an expert report published earlier this year by the Ministry of Transport and Communications.

The solution will place Finland as one of the most competitive and sustainable options for battery material recycling and production in the world.

FLCC member company Fondia is organizing a business breakfast Keeping Out Of Trouble in Digital Marketing.  

What can go wrong with your marketing efforts on social media and other digital channels will be discussed over a cup of coffee by Fondia’s Senior Legal Counsel Julius Parikka and the CEO of Digital Marketing agency Komunikacijos amatininkai  Deividas Budginas.

The event will be held  on the 4th of September at 9AM in Workland (Gedimino av. 20, Vilnius).

Register for free here: http://bit.ly/33Y2YeH.

A topic focused on startups will be deliberated on the of 5th September at 9AM in Rockit (Gynėjų 14, Vilnius). Free registration : https://www.eventbrite.com/e/ rockitalks-red-lines-in- startups-digital-marketing- tickets-70596491005.

The events will be held in English.

TRONHILL is a new member of FLCC! This company designs and produces office chairs which are  ergonomic, functional, attractive, comfortable and provide new opportunities for the best in office life. The company’s philosophy is to combine high technology, quality, innovations and original design to make the sitting in the chair happier:).
Tronhill was established in 2009, production site is in Vilnius with 32 employees. Many of Tronhill‘s chairs are installed in the new beautiful offices in Lithuania, but the biggest part is exported with own brand to all Scandinavian and Baltic countries, Finland, France, Belgium, Germany, Bulgaria.

Baltic-American Medical & Surgical Clinic is a leading private hospital in Lithuania, established to attend the human needs and promote an environment in which quick access to supreme Health Care is achieved. The Clinic is not restricted by the constraints of the state sector, although the doctors and staff are trained to an equivalent standard. It is the only Western-quality 24-hour medical and surgical facility in this region, located in a beautiful place, Nemencines Road 54A. It is internationally recognized by most foreign insurance companies, acknowledged as one of the founders of modern health care by the Lithuanian government, and accepted as the health care provider for most foreign embassies and foreign companies in Lithuania.