Tees Valley Graphite has entered into a memorandum of understanding with a supplier of graphite products to develop a commercial-scale natural graphite active anode material processing facility within the Teesside Freeport.
The company, which is a wholly owned subsidiary of Alkemy Capital Investments, will establish a joint venture with Syrah Resources Limited to bring forward the facility at Wilton International Chemicals Park.
Once operational, it will supply active anode material to the European market.
The facility will leverage the successful planning and approvals, and local knowledge, gained by Alkemy portfolio company Tees Valley lithium.
Alkemy Capital Investments plc (LON:ALK) is focussed on developing projects in the energy transition metals sector. Tees Valley Lithium is developing a state of the art lithium hydroxide plant at Teesside, UK. Tees Valley Graphite is developing the UK’s first natural graphite active anode material processing facility at the ‘plug-and-play’ Wilton International Chemicals Park.