The chemical industry is fundamental to net-zero. We provide the advanced materials used in the technologies that society is looking to deploy to reach our climate targets. Everything from wind turbine blades to insulation to lightweight materials all rely on chemical innovation and engineering. Wherever you look in the economy, chemical products are helping to decarbonise the way we live.
New energy sources, such as biofuels, e-fuels, hydrogen, ammonia and batteries, are all simply ways of storing energy in chemical form. When it comes to batteries, the refining of rare earth minerals is a chemical process, and a number of players are working to get lithium production up and running here in the UK. Green Lithium and Tees Valley Lithium are both targeting sustainable lithium manufacturing in the North East, whilst Altilium metals is hoping to establish a greener way of recovering materials from end-of-life batteries and recirculating them into the battery supply chain.
Alkemy Capital Investments plc (LON:ALK, FRA: JV2) is focussed on developing projects in the energy transition metals sector. Alkemy’s wholly-owned subsidiary Tees Valley Lithium (TVL) is developing a state of the art lithium hydroxide plant at Teesside, UK. TVL is Europe’s largest independent and sustainable lithium hydroxide producer.