The 50-50 joint venture Aurora between the Portuguese oil company and Swedish battery maker Northvolt, set up in November 2021, had previously expected the refinery to start commercial operations ...

A plan to build one of Europe's largest battery-grade lithium refineries in Portugal by end-2025 is facing delays due to the complexity of the project and uncertainty about grant funding, one of ...

The decision came after the company was unable to secure a new partner following the withdrawal of Northvolt, a Swedish electric vehicle (EV) battery manufacturer, from their 50-50 joint venture (JV).

About a week after the bankruptcy, the oil and gas firm Galp announced it would not proceed with plans to build a lithium refinery in Portugal. Northvolt was part of the joint venture behind the ...

STOCKHOLM/BERLIN/FRANKFURT (Reuters) -Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29 billion over the next two years to help restore the bankrupt Swedish ...

Northvolt has been looking for money since mid-last year and filed for Chapter 11 in the U.S. in November with $5.84 billion in debt in one of the largest bankruptcies of 2024.

Northvolt Ett Expansion was created to manage the buildout of a gigafactory in northern Sweden, but that project was shelved as part of a cost-saving plan. Skip to Main Content.

Northvolt fought to avoid bankruptcy by laying off 1,600 employees in September and selling assets in November from its acquisition of Cuberg. The company was reportedly burning through $100 ...

LISBON (Reuters) - A plan to build one of Europe's largest battery-grade lithium refineries in Portugal by end-2025 is facing delays due to the complexity of the project and uncertainty about ...

A plan to build one of Europe's largest battery-grade lithium refineries in Portugal by end-2025 is facing delays due to the complexity of the project and uncertainty about grant funding, one of ...