Talga Group Ltd (ASX:TLG) has received a boost to its plans for a battery anode manufacturing plant in Sweden connected to its Vittangi Anode project, with this being nominated as a strategic net-zero project for the EU.
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The Swedish Agency for Economic and Regional Growth has named Talga’s intended plant – the Luleå Anode Refinery – as one of the first Strategic Projects recognised under the Net-Zero Industry Act (NZIA).
This bolsters the centrality of this project within the EU’s plans to build a resilient and autonomous net-zero industry.
The classification also has several benefits, including national priority status under NZIA regulation – which aids in speeding up the administrative process and expedited permitting, plus priority when it comes to dispute resolution.
Additionally, the project will receive Net-Zero Europe Platform engagement, providing Talga with access to support with uniform NZIA implementation, and advice when it comes to financing and investor matchmaking.
There’s also access to EU funding in support of clean tech and industrial decarbonisation.
Talga Group CEO Martin Phillips said Talga was very pleased to have been recognised this way as it continues working towards more Talnode production.
“The designation of both our natural graphite mine and battery anode manufacturing as EU Strategic Projects affirms our credentials in sustainable innovation and highlights Talga’s pivotal role in powering the supply chain for anode and Europe’s clean energy future,” Mr Phillips said.
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Talga’s wider Vittangi project aims to produce 19,500 tonnes per annum of Talnode, anatural graphite battery anode material taken from Talga’s 100% owned natural graphite resources in Sweden.
Talga shares have been trading at 43 cents today.
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