Renault Group and Terrafame have signed a Memorandum of Understanding (MoU) for the future supply of nickel sulphate. With this agreement, Renault Group will secure a significant annual supply of nickel sulphate from Terrafame, representing up to 15 GWh of annual capacity. The cooperation will start by paying particular attention to sustainability systems and defining detailed metrics for traceability beyond solutions currently used for EV battery chemicals production.
The direct partnership between Renault Group and Terrafame is a game-changer in the battery materials value chain. Terrafame’s bioleaching-based production process uses about 90% less energy in the production of nickel sulphate than the industry average.
In addition, Terrafame’s integrated production process begins and ends on one industrial site from a mine to battery chemicals production. These unique and energy-efficient features enable a fast-track to implement sustainability systems and create full transparency throughout the entire value chain. Apart from the detailed metrics, a commitment over the entire supply chain simplifies risk management and pricing mechanisms for all parties involved.
The memorandum is not exhaustive but reflects the parties’ mutual understanding and common intention to deepen the cooperation over the battery raw materials