BOLIDEN, Sweden, April 2, 2019 /PRNewswire/ -- Vattenfall AB
and Boliden AB have signed a partnership agreement relating to technical development in the field of the electrification of mines
and smelters, the circular economy and a fossil-free future. The agreement, which covers a four-year period, also includes
battery solutions with a view to supporting the electricity grid and optimising electricity consumption.
Vattenfall and Boliden are committed to the transition to a sustainable society, which means reducing dependence on fossil
fuels. Under the new four-year strategic agreement, the companies will develop business solutions involving batteries, solar
panels, electric transport and recycling of new generation car batteries.
"It's great that Vattenfall and Boliden can work together on this. It will require technological change and investments in new
solutions, but the opportunities are there for both companies. Industrial partnerships like this are crucial if we are to make
progress on the electrification of industry and enable fossil-free living within one generation," says President and CEO of
Vattenfall, Magnus Hall.
"Boliden is one of Europe's largest players in the field of base metals. These metals are a
crucial part of the solution for achieving ambitious climate targets in society. At the same time, it's clearly important for us
to drive the development forward within the raw materials sector and identify business solutions and processes for both mining
and recycling, which will make us more competitive," says President and CEO of Boliden, Mikael Staffas.
Boliden has mining and smelting operations in Sweden, Finland, Norway and Ireland. The main
sources of fossil emissions include diesel vehicles, process heat and coke as a reducing agent. In all areas, fossil-free
electricity can be an important part of the solution. As a technology-independent partner, Vattenfall can evaluate and enable the
introduction of fossil-free technologies, e.g. electricity and charging infrastructure for transport and mining.
Boliden is already a major player in the field of metals recycling, including the recycling of car batteries. As a first step
in the partnership, modern energy solutions will be implemented at the Bergsöe lead smelter in Landskrona, which is one of
Europe's largest recyclers of lead batteries from cars. Solar panels, which will produce locally
generated renewable electricity to power the plant, will be installed shortly.
Technical solutions involving batteries, amongst other things, are expected to reduce the load on the electricity grid,
provide backup power, reduce peaks in capacity and offset renewable weather-dependent electricity generation.
For further information, please contact:
Klas Nilsson, Director Group Communications, klas.nilsson@boliden.com, tel. +46 70 4536588.
Magnus Kryssare, Press officer, magnus.kryssare@vattenfall.com, tel. +46 76 7695607.
Boliden is a metals company with a focus on sustainable development. Our roots are Nordic, but our business is global. The
company's core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has a total of
approximately 5,800 employees and a turnover of SEK 50 billion. Its shares is listed on NASDAQ OMX
Stockholm, segment Large Cap.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/boliden/r/vattenfall-and-boliden-to-work-together-for-a-fossil-free-future,c2777399
The following files are available for download:
View original content:http://www.prnewswire.com/news-releases/vattenfall-and-boliden-to-work-together-for-a-fossil-free-future-300822540.html
SOURCE Boliden