Image source: Terrafame, 2022
Having completed construction of its €250 million battery chemicals plant in 2021, Terrafame is now able to refine these intermediates – currently sold as raw material to metal refining companies – itself. This moves the company forward in the refining value chain and enables it to produce nickel and cobalt sulphates, the key ingredients used in electric vehicle batteries.
The solution met the constraints of Terrafame’s existing capital structure while allowing them to retain full control over the marketing of their product. Macquarie will also provide physical execution and logistics expertise to intermediate cargoes of nickel sulphate between Terrafame and its end buyers.