Investment in nickel expansion at Boliden Harjavalta

Rhea-AI Summary

Boliden has announced a significant investment of EUR 40 million for expanding its nickel operations at Boliden Harjavalta, set to start in 2021. The expansion will increase the annual raw material feed capacity from 310 to 370 ktonnes and includes upgrades to the concentrate dryer and electric smelting furnace. This initiative will enhance productivity and decrease carbon dioxide intensity per tonne of nickel produced by 15-20%. Boliden Harjavalta is the EU's largest nickel smelter, poised to meet rising demands from the battery manufacturing sector.

Positive

• Investment of EUR 40 million will enhance nickel operations at Boliden Harjavalta.
• Annual feed capacity will increase from 310 to 370 ktonnes.
• Expected reduction in carbon dioxide intensity by 15-20% improves environmental performance.
• Aligns with Boliden's ongoing nickel strategy initiated in 2015.

Negative

• None.

BOLIDEN, Sweden, Aug. 28, 2020 /PRNewswire/ -- Boliden invests EUR 40 m in an expansion of its nickel operations at Boliden Harjavalta. The investment will mainly be implemented in 2021.

The expansion investment in the nickel line at Harjavalta means that the feed capacity will increase from 310 to 370 ktonnes of raw material per year. The expansion consists of a new concentrate dryer, increased capacity in the electric smelting furnace and granulation, as well as automated tapping of molten metal.

"We are now continuing on our nickel strategy that began in 2015. The investment strengthens our productivity and competitiveness while further improving our already very strong environmental performance," says Daniel Peltonen, President of Business Area Smelters. "The investment is also very well coordinated with the facility's maintenance needs."

The expansion means that Harjavalta's carbon dioxide intensity per tonne of nickel produced will decrease by 15-20%. Harjavalta is the largest nickel smelter within the European Union and is in a strong position to meet the growing demand for nickel from, among others, the battery manufacturing sector for the automotive industry.

Boliden is a metals company with a focus on sustainable development. Our roots are Nordic, our market global. Our core competence lies within the fields of exploration, mining, smelting and metal recycling. Boliden has around 6,000 employees and an annual turnover of SEK 50 billion. The share is listed in the Large Cap segment on NASDAQ OMX Stockholm.

www.boliden.com

For further information, please contact:

Klas Nilsson
Director Group Communications
Phone: +46-70-453-65-88

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Press release (PDF)

 

View original content:http://www.prnewswire.com/news-releases/investment-in-nickel-expansion-at-boliden-harjavalta-301120215.html

SOURCE Boliden

FAQ

What is the value of Boliden's nickel expansion investment?

Boliden announced an investment of EUR 40 million for the expansion of its nickel operations at Boliden Harjavalta.

When does Boliden plan to implement the nickel expansion?

The nickel expansion investment at Boliden Harjavalta is set to be implemented in 2021.

How much will the feed capacity increase after the expansion?

The feed capacity at Boliden Harjavalta will increase from 310 to 370 ktonnes of raw material per year.

What environmental benefit will result from the nickel expansion?

The expansion will reduce carbon dioxide intensity per tonne of nickel produced by 15-20%.

What is the significance of Boliden Harjavalta in the EU?

Boliden Harjavalta is the largest nickel smelter within the European Union, positioned to meet growing demand from the battery manufacturing sector.