Epsilon & Beowulf Mining sign MOU to set-up Joint Venture operations in Finland
Mumbai, May 12 (UNI) Epsilon Advance Material (EAMPL), a subsidiary of Epsilon Carbon, signed an MoU with Beowulf Mining plc to establish a joint venture company in Finland.
The MOU acts as a formal market entry vehicle for Epsilon for supplying anode material into Europe by firmly establishing itself in Finland. The MoU also enables Beowulf’s wholly-owned subsidiary Oy Fennoscandian Resources AB (Fennoscandian) to build its downstream capability, collaborating with a strong and innovative technology/processing partner.
According to the agreement, Epsilon and Beowulf will jointly develop a strategic processing hub for both natural flake and recycled graphite in Finland. The JV with its Active Anode Material project targets to be a prominent player in the European Lithium-ion Battery ecosystem.