Elkem ASA stands as a global provider of advanced silicon-based materials, with a heritage dating back to 1904. The Norwegian company has established itself as an industry leader in producing silicones, silicon, ferrosilicon, foundry alloys, carbon materials, and microsilica. With more than 7,300 employees across 30 production sites worldwide, Elkem serves various sectors including mobility, healthcare, construction, digital communication, and energy storage. The company’s focus on sustainable production practices and innovative solutions has positioned it as a significant contributor to the battery and electric vehicle industries.
Battery Technology
Elkem’s contribution to battery technology centers on three main areas: graphite-silicon composite anodes, advanced anode materials, and thermal management solutions. Through its subsidiary Vianode, the company produces sustainable active anode materials that reduce emissions by over 90% compared to traditional manufacturing methods. Their graphite-silicon composite technology aims to increase energy storage capacity in lithium-ion batteries while addressing silicon’s expansion challenges during charge cycles.
The company’s silicone solutions, including the BLUESILTM RT Foam and BLUESILTM ESA product lines, provide essential thermal management for electric vehicle batteries. These materials enhance safety by managing heat dissipation and improving fire resistance in battery packs. Additionally, Elkem offers specialized dispensable battery assembly solutions designed for automated manufacturing processes, featuring sealing and bonding materials engineered for extreme conditions.
Recent Projects
In January 2025, Elkem initiated a strategic review of its Silicones division to optimize operations and support growth in other segments. The division reported improved financial performance with an operating income of NOK 10,962 million and significant EBITDA improvement to NOK 145 million as of September 2024. The company has also actively participated in discussions regarding PFAS phase-out in medical devices, demonstrating its commitment to environmental responsibility and regulatory compliance.
Investors
Elkem ASA operates as a subsidiary of Bluestar Elkem International Co Ltd SA, which is part of the China National Bluestar (Group) Co., Ltd. The company maintains a public listing on the Oslo Stock Exchange (ticker: ELK), attracting diverse institutional and individual investors. In specific ventures, such as Vianode, Elkem has formed strategic partnerships, maintaining 40% ownership while Hydro and Altor Equity Partners each hold 30% stakes.
Business Details
Location: Oslo, Norway
Website: https://elkem.com
LinkedIn: https://www.linkedin.com/company/163599