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The closing of the transaction represents an important milestone to accelerate the growth of Vianode as a company. Through the transaction, the partners will contribute to financing a first phase plant and preparations for a potential full scale plant, estimated at around NOK 2 billion total.

An investment decision on a first phase plant for Vianode is expected shortly.

Read more: Elkem, Hydro and Altor partner to accelerate growth of Vianode