Easpring's Kotka Battery Material Factory Environmental Permit Becomes Legally Binding – A Significant Step for the Power Coast Battery Cluster

The environmental permit for Easpring Finland New Materials Oy’s cathode active material factory to be located in Kotka’s Keltakallio has gained legal force as the appeal period ended today, December 5, 2024, at 4:15 PM. The permit issued by the Southern Finland Regional State Administrative Agency has received final and binding approval, paving the way for the construction of the factory.

The legality of the permit means that Easpring’s factory can proceed as planned, with construction possibly starting as early as the beginning of 2025. The new factory is estimated to employ around 270 people, with an investment value of approximately 770 million euros. This is a significant project for the Kotka-Hamina region, supporting industrial development and strengthening Southern Kymenlaakso’s position as a hub for the battery industry.

Kotka Mayor Esa Sirviö stated: “The city of Kotka rejoices in the fact that Easpring’s factory has now obtained a legally binding environmental permit, and we can move forward together in this important project. The factory marks a significant step for the development of a new type of industry in Kotka and Southern Kymenlaakso as a whole. It enhances our position at the forefront of the battery industry and creates new jobs in our region. Kotka has excellent conditions to advance innovative and responsible solutions. Easpring’s contribution is crucial and significant for building our region’s future and clean transition projects.”

David Lindström, CEO of Cursor Ltd, commented: “Congratulations to Easpring on the environmental permit decision, and we look forward to the start of factory construction. The project will bring a significant number of new jobs and vitality to the Kotka-Hamina region, while also supporting the growth of Finland and the Power Coast battery cluster in a crucial way. Moreover, the smooth progress of the permit process demonstrates its effectiveness, and I want to thank the authorities for this.”

Easpring’s factory project is an essential part of the developing Power Coast battery cluster in Southern Kymenlaakso, bringing new investments, jobs, and business opportunities to the region. The area’s strong infrastructure, skilled workforce, and excellent logistical connections make it an outstanding location for investments and innovative solutions in the battery industry.

(Translated by AI)