With electric vehicle (EV) sales surging across Europe, Swedish battery manufacturer Northvolt announced April 13 its intent, together with Lisbon-based multinational energy conglomerate Galp Energia, to construct a massive lithium conversion plant on Portugal’s southern coast.
The companies believe the area, home to 300,000 and 270,000 tons of respective lithium reserves in Spain and Portugal, offers the necessary tools to extract, concentrate, and convert the mineral with a limited footprint.
Paolo Cerruti, Co-Founder and COO of Northvolt, comments: “The development of a European battery manufacturing industry provides tremendous economic and societal opportunity for the region. Extending the new European value chain upstream to include raw materials is of critical importance.
As part of the agreement, Northvolt will secure an offtake for up to 50% of the plant’s capacity for use in its battery manufacturing. The JV partners are unwavering on driving the highest standards of sustainability, notably in the extraction and concentration of spodumene, the processing of lithium hydroxide, as well as in all related processes.
Image used courtesy of Northvolt Once complete, the facility will sport an annual production capacity of up to 35,000 tons of lithium hydroxide, enough for 50 gigawatt hours (GWh) of lithium-ion (Li-ion) battery production, making it the largest plant of its kind on the continent.
Lisbon / Stockholm: Galp and Northvolt have agreed to set up a joint company, Aurora, that aims to become a steppingstone for the development of an integrated lithium battery value chain aligned with Portuguese and European ambitions.
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Galp and Northvolt have established a joint venture named Aurora to develop Europe''s largest and most sustainable lithium conversion plant in Portugal. The plant will have an annual production capacity of up to 35,000 tons of battery-grade lithium hydroxide, essential for the lithium-ion battery industry. Timeline and Investment
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With the main goal of establishing Europe´s largest and most sustainable integrated lithium conversion plant, the JV will develop a plant set to have an initial annual …
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With the main goal of establishing Europe´s largest and most sustainable integrated lithium conversion plant, the JV will develop a plant set to have an initial annual …
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Galp and Northvolt have established a joint venture named Aurora to develop Europe''s largest and most sustainable lithium conversion plant in Portugal. The plant will have …
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With electric vehicle (EV) sales surging across Europe, Swedish battery manufacturer Northvolt announced April 13 its intent, together with Lisbon-based multinational energy conglomerate Galp Energia, to construct a massive lithium conversion plant on Portugal''s southern coast.
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With the main goal of establishing Europe´s largest and most sustainable integrated lithium conversion plant, the JV will develop a plant set to have an initial annual production capacity of up to 35,000 tons of battery-grade lithium hydroxide – a critical material required by the lithium-ion battery manufacturing industry, which is expected ...
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With the main goal of establishing Europe´s largest and most sustainable integrated lithium conversion plant, the JV will develop a plant set to have an initial annual production capacity of up to 35,000 tons of battery-grade lithium hydroxide – a critical material required by the lithium-ion battery manufacturing industry, which is expected ...
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