“I am happy to share the news of this cooperation with BCS and I believe that high-quality raw material supply of tailor-made carbon products, produced with a CO2-consuming production process from BCS, could become a valued competitive advantage for us in the Norwegian battery industry", says Lars Christian Bacher, CEO of Morrow.
The purpose and objective of the cooperation between Morrow and BCS is to establish and commercialize a sustainable value chain in Norway for key battery materials. The two companies will explore the possibility of establishing a local value chain of green carbon from BCS for Morrow’s sustainable battery cell production in Norway. At the same, the parties will develop solutions for using BCS material to enhance the overall technical capabilities of Morrow’s batteries.
A local value chain for carbon material in Norway will give Morrow a secure and sustainable alternative to already established global supply chains for these materials, which traditionally have been dominated by actors outside of Europe. BCS products will also likely help reduce CO2 emissions.
“We believe that laws and regulations to be implemented in the future will make the use of sustainable carbon materials a prerequisite for future licenses to operate in the battery production segment. This is in line with EU’s tough sustainability criteria, stipulated in the EU Battery Regulation. Together with Morrow, we will work to significantly reduce the CO2 footprint in current battery material streams and at the same time de-risk battery supply chains and enhance European safety of supply by accessing and processing battery material available in Europe", says Odd Strømsnes, CEO of BCS.
"We hope – and expect – this to be the first stepping stone in a wider joint effort to build a sustainable battery value chain in Norway and Europe", says Lars Christian Bacher, CEO of Morrow.
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