GreenRoc Strategic Materials plc, a company focused on the development of critical mineral projects in Greenland, has signed a Letter of Interest (LOI) to secure an area in Eyde Material Park for the company’s planned graphite Active Anode Materials (AAM) production plant.
Following a lengthy process in which several attractive sites in Norway have been evaluated by GreenRoc, the company has selected Eyde Materials Park as the preferred location for its European AAM plant. The LOI has been signed between GreenRoc and Otra Holding a/s, and concerns a single piece of land covering 100,000m² in the Longum Nord area of Eyde Material Park.
I am very pleased that our search for the best location for our AAM plant has ended with such an attractive location. Norway has amongst the lowest energy prices in Europe and also the lowest CO2 emission per unit of produced electrical energy. Eyde Material Park has been able to offer flexible terms which allows us to plan ahead for the coming time. Another attraction is that Norway has a National Battery Strategy with a variety of financial and other support programs in place to help industries such as ours, to get started. In addition, Norway has a long tradition of hosting heavy processing industries and has all the necessary regulations in place to ensure that such activities are undertaken with due respect for working conditions as well as the environment.
Longum Nord
Longum Nord is ca 5km from Port of Arendal which in turn is only about five days’ shipping time from the GreenRoc’s planned graphite mine at Amitsoq in southern Greenland. The regulations for large and power-consuming industries are in place and Longum Nord now only awaits the final approval of infrastructural layout from Arendal municipality. The land that GreenRoc has reserved can be ready for construction by 2025. An industrial road to connect the Port of Arendal and Longum Nord is under final construction. A new power supply of 800MW is planned for the area. The Longum Nord site lies opposite Morrow Batteries’ Gigafactory, which will be Europe’s first gigawatt-scale factory for LFP. Morrow Gigafactory was officially inaugurated by the Norwegian Prime Minister on 16 August 2024.
Read GreenRoc’s press release here: Amitsoq Update (investis.com)