Volcanic is a company that was established as part of the preparatory process for the operation of a lithium battery production plant to be built in collaboration with partners in Finland and China.
Preparations have been underway for some time, and recent discussions have reached the level of finding a location for the unit, arranging electricity supplies, finding raw material sources and appointing technological specialists. This industrial installation will have a marked effect on the Icelandic economy and create up to 750 jobs based on the use of hydroelectricity and geothermal energy. The manufacturing process will require technological and engineering expertise that will be available with assistance from Chinese battery producers.
The unit will be built in five phases. When complete and in full production it will require an estimated 250MW of power. Although the unit will be capable of manufacturing a wide range of batteries, production will be focused mainly on power sources for vehicles. A unique aspect of this initiative will be its use of geothermal energy during the production process.
This project will create jobs, apply the knowledge and experience of Icelandic experts, use domestic aluminium products and domestic energy supplies, and help reduce pollution.
We have established a related subsidiary in Finland (Volcanic Finland Oy) to build a smaller production unit in one of that country’s largest industrial complexes, Kokola Industry Park. This unit will employ new methods of battery production and involve a large number of new partners. Many specialist companies have bases in and around the industry park, which means we will be able to access highly qualified and experienced physicists and chemists. The largest lithium mine in Europe is located a short distance from the town of Kokola, and we will have good supplies of raw materials as we develop and produce new types of lithium batteries. One of Volcanic’s partners, Chydenius University in Kokola, is currently carrying out research into new ways of processing the lithium extracted from the mine.
You can obtain further information about these operations from Sighvatur Lárusson by calling (+354) 490 9000 or (+354) 864 4615, or by sending an email to email@example.com