Portuguese oil and gas company Galp is joining forces with Swedish battery start-up Northvolt to develop Europe's largest lithium processing plant as part of a shift away from fossil fuels.
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Lithium is a metal used to produce batteries and due to the highest production of technological materials such as mobile phones or laptops that need batteries, the demand for the metal will continuously grow and European Union classifies it as one of the 30 most important resources in the world.
The joint venture''s lithium-sulfur battery technology has been developed by its UK partner, Oxis Energy. CODEMGE, through its investment fund Aerotec, last year invested R$18.6 million
The construction of one of Europeʼs largest lithium refineries in Portugal has been postponed. Due to its complexity and uncertainties regarding financing, the 50:50-joint-venture Aurora project by Portuguese oil company Galp and Swedish battery manufacturer Northvolt will be delayed. This would be enough to produce approximately 50
Lithium does not occur on its own in nature but is found combined with other minerals. At our Rincon Lithium Project in Argentina, we have the capability to extract and produce battery-grade
Company continues to expand global presence in battery materials space ICL ( NYSE: ICL) (TASE: ICL ), a leading global specialty minerals company, today announced it has signed a joint venture (JV) agreement with Shenzhen Dynanonic Co., Ltd. to establish lithium iron phosphate (LFP) cathode active material (CAM) production in Europe, with an initial
The 50-50 joint venture called Aurora will target annual production of 35,000 tonnes of battery-grade lithium hydroxide, enough for 50 GWh of battery capacity, which could
Carmaker Stellantis and Chinese battery producer CATL have agreed to jointly invest EUR 4.1 billion in a large-scale factory in Spain to produce lithium iron phosphate (LFP) batteries. The carbon-neutral plant, targeted to start production by the end of 2026, is expected to be one of the largest manufacturing facilities in Europe for electric vehicle (EV) batteries.
Established in 2021, the joint venture aimed to develop a state-of-the-art lithium processing plant at the Sapec Bay Industrial Park in Setubal, leveraging Portugal''s significant lithium reserves. The ambitious project was designed to produce 35,000 tonnes of battery-grade lithium hydroxide annually, sufficient to support the production of batteries with a
Swedish battery storage company Northvolt and Galp have agreed to set up a joint venture called Aurora with the goal to build Europe''s largest and most sustainable integrated lithium conversion plant. The facility in
Prime Minister António Costa claimed that "Portugal and Spain have a major opportunity for cross-border cooperation because both countries jointly possess the largest reserves of a natural resource that is fundamental for electric mobility in the coming years:
E3 announced on June 29, 2022 that a lithium metal battery had been made by Pure Lithium from E3 lithium concentrate. At that time, the two companies signed a Memorandum of Understanding to
Asahi Kasei and Honda Motor have agreed to form a joint venture following a basic agreement on April 25, 2024, to produce lithium-ion battery separators. Credit: Asahi Kasei.
The Swedish battery cell manufacturer Northvolt is setting up a 50:50 joint venture with Portugal''s energy company Galp. Under the direction of the joint venture Aurora, a lithium conversion
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The Swedish battery cell manufacturer Northvolt is setting up a 50:50 joint venture with Portugal''s energy company Galp. Under the direction of the joint venture Aurora, a lithium conversion plant will be built in Portugal.
From late 2025, it should be producing 52k tonnes of battery-ready lithium hydroxide a year — enough to produce the batteries needed to replace 650k combustion
The development of a large-scale battery-grade lithium refinery in Portugal, a joint venture between Portuguese energy company Galp and Swedish battery manufacturer Northvolt, is experiencing delays. the refinery aims to produce up to 35,000 metric tons of lithium hydroxide annually, a key component in lithium-ion battery production. The
Galp and Northvolt have established a joint venture named Aurora to develop Europe''s largest and most sustainable lithium conversion plant in Portugal. The plant will have an annual production capacity of up to 35,000
Such technology might increase battery fast-charging speed by up to 50%, the companies said. The agreement includes pre-production development and plans for future production by 2030.
automotive batteries. As part of this collaboration, Panasonic Energy will produce and supply cylindrical lithium -ion batteries at its Suminoe factory in Osaka from fiscal 2027,1 and at the new jointly established lithium-ion battery factory in Oizumi, Gunma Prefecture from 2028.1. fiscal Atsushi Osaki, President and CEO of Subaru (left), and
Galp was left alone in early 2024, when Northvolt said it would not invest in the50-50 joint venture, opens new tab set up in November 2021 to build a lithium processing plant in Setubal, on Portugal''s coast. The project''s investment was estimated at more than 1 billion euros ($1.05 billion).
The 50-50 joint venture called Aurora will target annual production of 35,000 tonnes of battery-grade lithium hydroxide, enough for 50 GWh of battery capacity, which could power about 700,000
Galp-Northvolt lithium refinery project in Portugal faces delay. A plan to build one of Europe''s largest battery-grade lithium refineries in Portugal by end-2025 is facing delays due to the complexity of the project and uncertainty
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The plan is that the factory will produce 187,000 lithium batteries per year. APA''s favourable environmental impact assessment was delivered last week "but with an extensive list of commitments that the Chinese company will have to assume if it wants to construct the factory. There are more than 90 measures to minimise the impact of the
Portuguese energy company Galp has decided not to proceed with the development of a lithium conversion plant in Portugal, initially planned in collaboration with
A slice of scrubland in southern Portugal, a stone''s throw away from the city of Setúbal, could play a central role in Europe''s green transition. It''s where battery maker
Joint venture Aurora to develop Europe''s largest, most sustainable lithium plant in Portugal and strengthen Europe''s position within the battery value chain. Galp and Northvolt have agreed to set up a joint company, Aurora, that aims to become a steppingstone for the development of an integrated lithium-battery value-chain aligned with Portuguese and
Under this definitive agreement, the companies will develop prismatic battery cell technology and affiliated chemistries for GM''s future EVs The agreement marks an extension of the two companies'' successful 14-year
in 2023 and is expected to produce lithium-ion batteries for 300,000 electric cars per year by 2027. Cornish Lithium and Geothermal Engineering won rights earlier this year to exploit lithium by a process similar to Germany''s (geothermal), which will be carried out near Cornwall in southwest England. FRANCE:
The Swedish battery cell manufacturer Northvolt is setting up a 50:50 joint venture with Portugal''s energy company Galp. Under the direction of the joint venture Aurora, a lithium conversion plant will be built in Portugal.
As part of this collaboration, Panasonic Energy will produce and supply cylindrical lithium-ion batteries at its Suminoe factory in Osaka from fiscal 2027, 1 and at the new jointly established
The development of a large-scale battery-grade lithium refinery in Portugal, a joint venture between Portuguese energy company Galp and Swedish battery manufacturer
The Zaragoza plant of globally recognized automotive manufacturing giant Stellantis is partnering with CATL, the world''s largest manufacturer of electric vehicle batteries, to expand its automotive battery plant and electric vehicle production platform in Zaragoza.. On October 8, Spain''s Industry and Tourism Minister Jordi Hereu said that the Spanish
In the era of decarbonisation of world economies, Portu-gal intends to create a lithium and battery manufactur-ing industry in the border areas between Portugal and Spain, in order to meet the
In addition, Rosatom is building two lithium-ion battery factories in Russia to deliver on its goal of establishing an end-to-end lithium supply chain. Some Rosatom Group companies are working on power and
The Swedish battery cell manufacturer Northvolt is setting up a 50:50 joint venture with Portugal’s energy company Galp. Under the direction of the joint venture Aurora, a lithium conversion plant will be built in Portugal. The future location of the plant is still under discussion. ++ This article has been updated.
Northvolt insists that the Portuguese plant will be “the largest and most sustainable integrated lithium conversion plant in Europe” and “a milestone in the development of a European battery value chain”.
Volkswagen also ships cars from Setubal, so much of the infrastructure was already there. But not everyone is happy about Portugal’s increasingly big role in the lithium supply chain. Unconnected to Aurora, British company Savannah Resources plans to open Europe’s biggest open-cast lithium mine in northern Portugal.
The Aurora project should, de Sousa Martins says, encourage investment from other players into the lithium value chain in Portugal, “like cell production, gigafactories, recycling and, of course, more than anything, into the mining world”.
Portugal has the largest proven reserves of lithium in Europe, which is why Aurora is there. The refinery will use Portuguese lithium as well as foreign imports from places like Australia (which, the company acknowledges, will contribute to the CO2 emissions associated with the venture).
The companies believe the area, home to 300,000 and 270,000 tons of respective lithium reserves in Spain and Portugal, offers the necessary tools to extract, concentrate, and convert the mineral with a limited footprint.
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