Torsboda Industrial Park has signed an agreement with world-leading green tech company PTL - one of Northvolt's key suppliers. PTL will invest over SEK 13 billion in the initiative, which is expected to generate at least 1,900 jobs on site.
PTL is a world leader in anode production for lithium batteries, producing more than 80 percent of the components in a battery. The plant in Torsboda, which will be the largest in Europe for the production of anode materials, will initially employ 1,000 people. At a later stage, 1 900 people are expected to work in production.
The plant will have an annual anode capacity of 50,000 tons of anode material in the first phase, and in phase two there is potential to double the capacity. PTL, which is listed on the Shanghai Stock Exchange, is a major player in Asia's battery value chain and has also been established in Europe for some years. With the investment in Torsboda, PTL will become one of the most important suppliers to the Swedish battery manufacturer Northvolt.
The extensive establishment means that Sweden is taking another important step in managing the entire battery value chain, while the investment is an important contribution to a continued European green transition. The goal is to build a state-of-the-art factory with the highest sustainability requirements, powered by 100 percent green energy.
PTL is in a phase of project planning and permit applications, while Torsboda Industrial Park continues to work on infrastructure and development of the entire industrial park.
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