Giga Factories and Battery Companies

[TradingCharts]

Teesworks electric car battery refinery approved
Published 27 November 2022

Plans have been approved for Europe's largest lithium hydroxide refinery on Teesside which would produce material for electric vehicle batteries.

Tees Valley Lithium will build on Wilton International Chemical Park, near Redcar, and part of the Teesworks freeport.

The £248m project could create 1,000 jobs, including its construction phase, with production to begin in 2025.

Planning permission was granted by Redcar and Cleveland Borough Council.

Around 89% of the world's lithium processing currently takes place in East Asia.

The business said the site would be capable of producing lithium hydroxide and lithium carbonate, which are critical for manufacturing batteries, and would be sourced from imported raw materials from South America and lithium producers in Australia and elsewhere.

Sam Quinn, director of owner Alkemy, said construction was due to commence in 2023.
https://www.bbc.com/news/uk-england-tees-63772858

STATE-OF-THE-ART
PROCESSING FACILITY
https://teesvalleylithium.co.uk/processing-hub/

Green Lithium to build UK's first lithium refinery in Teesside