Veolia is showing the value of collaboration, working with the chemicals company BASF to build a trigeneration plant in Finland.
Veolia’s Finnish subsidiary, STEP, will finance, build and operate a new plant to deliver industrial utilities to BASF’s chemicals plant in Harjavalta. Under the agreement, STEP will construct a new steam, water and compressed air plant with associated infrastructure in Harjavalta industrial park, where BASF has established a cluster to produce raw materials for electric vehicle batteries. The contract is worth almost €240 million and represents an important milestone in Veolia’s Impact 2023 strategic plan.
STEP’s Senior Vice-President of Utility Solutions, Tomi Ihalainen says: “This is a fantastic vote of confidence from BASF and further confirmation of our ability to develop solutions that help optimize our clients’ costs while providing a lower carbon footprint. It is also an honor for STEP and Veolia to be part of developing the battery cluster in Harjavalta. Our new facility will make a direct contribution toward making electric vehicles part of everyday life for an increasing share of the world’s population in the future.”