The company behind a 1,000-job plan to build the UK’s first lithium hydroxide refinery on Teesside has signed a 30-year lease for its site.
Tees Valley Lithium says the refinery is expected to produce enough lithium hydroxide to supply 100% of the demand in the UK by 2030.
The lease has been signed with Sembcorp Energy UK in respect of its site at Wilton International in Teesside.
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.