Portuguese utility Galp Energia and Swedish battery maker Northvolt said Tuesday that they were joining forces to build in Portugal one of Europe's first lithium conversion plants at a cost of 700 million euros ($790 million).

The facility will produce up to 35,000 tonnes of lithium hydroxide per year, the quantity needed to make batteries for 700,000 electric vehicles, the two companies said in a statement.

"Galp and Northvolt have agreed to set up a joint company, Aurora, that aims to become a stepping stone for the development of an integrated lithium-battery value-chain," the statement said.

Portugal has some of the largest reserves of lithium in Europe and the eighth-biggest in the world, said Galp chief, Andy Brown.

Lithium hydroxide is a key material for the lithium-ion battery manufacturing industry, which is expected to grow more than 10-fold by the end of the decade.

A separate project to mine lithium in Portugal still needs the go-ahead from environmental authorities and has raised the hackles of locals and green campaigners.

Following a number of delays, the international tender for mining and extraction rights will not be launched until after a snap general election on January 30, said environment minister Joao Pedro Matos Fernandes.

Elsewhere in Europe, Canadian group Rock Tech Lithium has already announced plans to invest 470 million euros in the construction of a lithium plant in Germany from 2024.

Formerly a state-owned oil company, Galp Energia has diversified into the electrical sector and into decarbonated hydrogen.

Northvolt, whose shareholders include auto giants Volkswagen and BMW, has also teamed up with Volvo in electric mobility projects.

tsc/spm/rl/tgb

GALP ENERGIA

VOLKSWAGEN

VOLVO AB

BAYERISCHE MOTOREN WERKE AG

Related Links
Powering The World in the 21st Century at Energy-Daily.com

Tweet

Thanks for being here; We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor $5 Billed Once credit card or paypal		SpaceMediaNetwork Monthly Supporter $5 Billed Monthly paypal only

Stretchy, washable battery brings wearable devices closer to reality
Vancouver, Canada (SPX) Dec 10, 2021
UBC researchers have created what could be the first battery that is both flexible and washable. It works even when twisted or stretched to twice its normal length, or after being tossed in the laundry. "Wearable electronics are a big market and stretchable batteries are essential to their development," says Dr. Ngoc Tan Nguyen (he/him), a postdoctoral fellow at UBC's faculty of applied science. "However, up until now, stretchable batteries have not been washable. This is an essential addition if ... read more