Business
Long Term Lease Agreed for TVL's Lithium Facility
Long Term Lease Agreed for TVL's Lithium Facility.
About this update from Alkemy Capital Investments Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 20 December 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 Long Term Lease Agreed for TVL's lithium processing facility at Wilton International\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 agreed the terms of a Long Term Lease in respect of its lithium hydroxide processing facility in Teesside.\n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n ·\n \n TVL and Sembcorp Energy UK agree the terms of a 30 year Lease for TVL's lithium processing facility at Wilton International, Teesside.\n \n \n \n ·\n \n Sembcorp Energy UK's site at Wilton International, within the Teesside Freeport, sits amongst a hub of decarbonisation innovation, and is ready for investing energy-intensive industrial businesses with it's 'plug and play' approach to available development land.\n \n \n \n ·\n \n Agreeing terms for a long term Lease follows the granting of full planning permission in November and represents another significant milestone for TVL.\n \n \n \n TVL announces that further to its RNS on 8 November 2022, it has now formally agreed the terms of a 30 year Lease with Sembcorp Energy UK in respect of its site at Wilton International in Teesside.\n \n \n \n \n \n Under the terms of an Agreement for Lease, which was signed today, TVL has an option for up to a year to enter into the agreed long term Lease, during which time it will conclude formalities with respect to financing and utilities and services, although it is anticipated that these should be completed well in advance of the expiry of the option period.\n \n \n \n \n \n A key driver for TVL's site selection at Wilton International, which sits within the Teesside Freeport amongst a hub of decarbonisation innovation, is Sembcorp Energy UK's 'plug & play' infrastructure, and readily-accessible utilities including water, gas, steam and electricity.\n \n \n 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. The refinery is expected to produce enough lithium ...