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recycling hub in the south-eastern Norwegian town of Frederikstad next year.<\/h1>\n<\/p>\n
recycling hub in the south-eastern Norwegian town of Frederikstad next year.<\/h1>\n\u201cWe believe we can be a frontrunner,\u201d Arvid Moss<\/strong>, head of Hydro\u2019s energy business, told the Financial Times. Emma Nehrenheim, Northvolt chief environmental officer, said that with electric car sales set for \u201chockey-stick growth\u201d soon, \u201cthere\u2019s going to be a similar trend in the recycling market a few years later\u201d. Northvolt is the leading business in a push to develop European battery makers to supply the continent\u2019s carmakers rather than Tesla or Panasonic. Founded by two former Tesla executives in 2017, Northvolt has one small battery factory close to Stockholm and is aiming to open a larger \u201cgigafactory\u201d<\/strong> in northern Sweden next year.<\/p>\n It is aiming to obtain half of its raw materials from recycled batteries by 2030 and chose Norway because of the country\u2019s high number of electric cars, the result of generous government subsidies. Erna Solberg, Norway\u2019s centre-right prime minister, welcomed the news of the new recycling hub. \u201cPromoting the development of sustainable low-emission solutions, including electrification of the transport sector, has been one of the Norwegian government\u2019s priorities for many years,\u201d she said.<\/p>\n