Lithium conversion plant, Portugal
Name of the Project
Lithium conversion plant.
Location
Portugal.
Project Owner/s
Aurora, a joint venture (JV) between energy firm Galp and Swedish startup Northvolt.
Project Description
The project aims to develop Europe’s biggest and most sustainable lithium conversion plant.
The plant will have an initial production capacity of up to 35 000 t/y of battery-grade lithium hydroxide – a critical material required by the lithium-ion battery manufacturing industry.
The plant will use a proven conversion process, leveraging recent process improvements and technologies to increase sustainability and efficiency. The plant will be able to deliver enough lithium hydroxide for 50 GWh/y of battery production or 700 000 electric vehicles.
Potential Job Creation
The project is expected to create as many as 1 500 direct and indirect jobs.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The plant is expected to require an investment of about €700-million.
Planned Start/End Date
Operations are expected to start by the end of 2025, with commercial operations expected to start in 2026.
Latest Developments
The JV is conducting technical and economic studies and considering several possible site locations.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Galp media relations, tel +351 217 242 680 or email galp.press@galp.com.
Northvolt, email hi@northvolt.com.
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