Business
Approval for Europe's biggest Lithium Plant
Approval for Europe's biggest Lithium Plant.
About this update from Alkemy Capital Investments Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 25 November 2022\n \n \n \n \n \n \n \n \n \n Alkemy Capital Investments Plc\n \n \n \n \n \n \n \n \n \n Planning permission granted to develop Europe's largest Lithium Hydroxide Refinery in Teesside\n \n \n \n \n \n \n \n \n \n \n \n Alkemy Capital Investments plc\n (\"Alkemy\")\n (ALK:LSE) (JV2:FRA) is pleased to announce that its wholly owned subsidiary Tees Valley Lithium Ltd (\"\n \n TVL\n \n \") has received full planning permission to build Europe's largest lithium hydroxide refinery at\n Teesside, UK, to supply the burgeoning electric vehicle battery industry.\n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n \n \n \n · \n \n TVL has been granted full planning permission from Redcar\n \n \n & Cleveland Borough\n \n \n 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. \n \n \n \n ·\n \n 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.\n \n \n \n \n \n \n ·\n \n 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.\n \n \n \n \n \n \n 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.\n \n \n 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.\n \n ...