International Battery Metals Ltd (IBATF)

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This article states that Ensorcia Metals is into battery technology. Dated August, 16, 2018
I translated it to English.


The US company developed a technology to manufacture lithium batteries used by cars and electric motorcycles.

Lithium is the new oil, and Argentina has the possibility of leading a new industrial revolution around this resource, "said Daniel Layton, partner at Ensorcia Metals Corporation, an energy company that is focusing on the renewable energy business.



Layton visited Buenos Aires last week, with a defined goal: to find the best location to install a lithium battery plant. The projected investment is U.S. $ 400 million to build and operate two industrial plants: one in Argentina and one in Chile, member nations, together with Bolivia, of the so-called "Lithium Triangle", the world's largest reservoir of this element that will be key in the development of a new automotive industry based on electric vehicles, as well as all kinds of electronic devices.



In April of last year, Ensorcia Metals signed an agreement with the Chilean government, and expects to start production "by 2021 at the latest," the businessman said in a conversation with El Cronista. "We have developed our own technology to manufacture lithium batteries that is friendly to the environment, given that practically we do not generate waste, and we reuse the water by 95%," he explained.



One of the questions to this activity is the use of large amounts of water and chemicals that degrade the environment, to extract the lithium from the salt flats, generally located in desert areas such as our Puna and the Atacama Desert, which is a contradiction, if what is sought is to store "clean energy".

"Our plan is to integrate the production of batteries, and generate a value chain, which goes beyond extracting the resource and exporting it to be processed in another country." We plan to install the factories as close as possible to the lithium salares, and encourage the local manufacture of electric vehicles and motorcycles, we are in talks with at least three interantional companies, "he said.



"Here there is a huge potential to develop this new industry, which generates thousands of jobs and is knowledge-intensive, because when we talk about lithium we do not only talk about mining, but about technology," said the businessman.



According to projections by Goldman Sachs, by 2025, 25% of the world's automotive fleet will be electric. The main automotive companies -especially European and Japanese- have the ability to migrate their fleet to sustainable vehicles in the coming years. The European Union undertook to reduce the number of cars, trucks and buses with conventional engines, which generate greenhouse gas emissions, by 30% by 2030. In France, this type of vehicle will stop selling in 2040. , sales projections for electric cars are growing dramatically in emerging markets such as China and India. Anyway, before the cars, the market that will grow the most - in Layton's opinion - will be that of electric motorcycles, especially in Latin America.



"Technological advances have allowed us to reduce costs and increase the adoption of renewable energies, and now we are in a position to make the leap, and for this, lithium is an elementary factor," the entrepreneur predicted. Regarding the current climate for investments in Argentina, Layton stressed that "the country is going through difficulties, but at a global level the perception of our banks and investors is positive, this is a long-term business, we are talking about the next industrial revolution "

https://www.cronista.com/negocios/Grupo-internacional-lanza-inversion-de-us-400-millones-para-industrializar-litio-20180812-0036.html