UK Approves Europe’s biggest Lithium Plant
Alkemy Capital Investments plc announced that its wholly owned subsidiary Tees Valley Lithium Ltd (“TVL”) has received full planning permission to build Europe’s largest lithium hydroxide refinery at Teesside, UK, to supply the burgeoning electric vehicle battery industry.
HIGHLIGHTS
• TVL has been granted full planning permission from Redcar & Cleveland Borough Council to establish Europe’s largest – and the UK’s first – world-class lithium hydroxide
refinery, located at the Wilton International Chemicals Park in the Teesside Freeport .
• Following completion of a full Environmental Impact Assessment (EIA), in conjunction with local consultation over an eighteen-month period, TVL’s US$300 million zero
waste facility is now shovel-ready with production forecasted to commence in 2025, generating over 1,000 local jobs.
• Utilising state-of-the-art electrochemical processing and powered by 100% certified green energy, TVL’s zero waste lithium refinery will be the largest in Europe – producing
96,000tpa of low-carbon battery-grade lithium hydroxide once in full production – equivalent to 15% of projected European demand.
Following detailed studies, which included the completion of an Environmental Impact Assessment (EIA), TVL has received full planning permission from Redcar and Cleveland
Borough Council to construct the UK’s first world-class lithium hydroxide refinery at the Wilton International Chemicals Park in the Teesside Freeport.
A key driver for TVL’s site selection at the Wilton International Chemicals Park is the ‘plug & play’ advantages of the site, which boasts a plethora of existing infrastructure and readily accessible utilities including water, gas, steam and electricity. This, in turn, will allow TVL to begin construction without delay.
The refinery will be capable of producing both lithium hydroxide and lithium carbonate sourced from imported high grade feedstock from South America and lithium producers
located in Australia and elsewhere.
Building a European lithium processing facility will reduce the regional dependence on China, which currently controls 90% of the world’s lithium refining capacity, however, is expected to require all of this production domestically in order to deliver its US$11 trillion Carbon Neutral 2060 plan.
To meet the demand for the switch to electric vehicles within Europe, over 700GW of gigafactory capacity has been announced with an annual projected demand of 650,000 tonnes for locally refined lithium chemicals.
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