Tees Valley Lithium (TVL), a subsidiary of Alkemy Capital Investments, has received planning permission to build a lithium hydroxide refinery at the Wilton International Chemicals Park in Teesside, UK, following an environmental impact assessment and local consultation over an 18-month period.
Construction on the $300-million facility, which will supply the EV battery industry, will begin in 2023, and production is expected to commence in 2025. TVL claims the plant will be powered by 100% certified green energy, and will produce zero net waste.
Once in full production, the new plant is expected to have a capacity of 96,000 tons per year of battery-grade lithium hydroxide—equivalent to 15% of projected European demand.
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 is developing a state of the art lithium hydroxide plant at Teesside, UK.