{"id":20319,"date":"2022-04-13T15:43:20","date_gmt":"2022-04-13T14:43:20","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=20319"},"modified":"2022-04-13T15:43:20","modified_gmt":"2022-04-13T14:43:20","slug":"galp-northvolt-build-advanced-lithium-conversion-plant","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/galp-northvolt-build-advanced-lithium-conversion-plant\/20319\/","title":{"rendered":"Galp and Northvolt to build advanced lithium conversion plant"},"content":{"rendered":"<h2><a href=\"https:\/\/www.galp.com\/corp\/en\/\" target=\"_blank\" rel=\"noopener\">Galp<\/a> and <a href=\"https:\/\/northvolt.com\/\" target=\"_blank\" rel=\"noopener\">Northvolt<\/a> have selected Set\u00fabal as the location for their Aurora lithium conversion plant, to develop integrated lithium-battery value-chain in Europe.<\/h2>\n<p>Longing to create a steppingstone for the development of an integrated lithium-battery value-chain in Europe, Galp and <a href=\"https:\/\/www.innovationnewsnetwork.com\/northvolt-to-establish-third-gigafactory-in-germanys-clean-energy-valley\/19365\/\">Northvolt<\/a> have selected the port city of Set\u00fabal to build their Aurora advanced lithium conversion plant.<\/p>\n<p>The plant, which will be one of Europe\u2019s largest and the most sustainable, is set to have an initial annual production capacity between 28,000 and 35,000 tons of battery-grade lithium hydroxide \u2013 a critical material required by the lithium-ion battery manufacturing industry, which is expected to grow significantly by 2030. The lithium conversion plant will employ a proven conversion process, leveraging recent process improvements and technologies to increase its sustainability and efficiency.<\/p>\n<p>Additionally, the JV is seeking to enable the use of green energy to power the conversion process, thereby minimising its reliance on the conventional natural-gas powered approach.<\/p>\n<h3>Advanced lithium conversion plant<\/h3>\n<p>\u201cSet\u00fabal deserves this investment. The Municipality of Set\u00fabal has invested in the qualification of this territory. Everyone recognises this reality, which is the result of a great desire to make more of Set\u00fabal,\u201d commented the Mayor of Set\u00fabal, Andr\u00e9 Martins. \u201cWe are very proud that this was the chosen municipality which, as is recognised, has qualified industrial areas, good roads, rail and port accessibility and an equally attractive city, social and cultural environment.\u201d<\/p>\n<p>\u201cThis is the type of project Portugal and Europe should develop for economic growth and to build a sustainable energy future,\u201d said Galp CEO Andy Brown. \u201cSecuring sustainably produced materials for the exponentially growing battery industry is a strategic priority for Europe. We thank the Set\u00fabal municipality for welcoming us and we look forward to our partnership creating jobs and economic value.&#8221;<\/p>\n<p>\u201cThe establishment in Set\u00fabal marks a key milestone for Europe on the road towards building up a full battery ecosystem on the continent, as well as demonstrating a sustainable approach to the lithium conversion process,\u201d added Paolo Cerruti, Co-Founder and COO of Northvolt.<\/p>\n<p>The plant is projected to represent an investment close to \u20ac700m, and to generate more than 200 qualified direct jobs and more than 3,000 indirect jobs within the region.<\/p>\n<h3>Construction plans<\/h3>\n<p>A final investment decision is yet to be made; however the JV is envisaging a start of operations by the end of 2025 and start of commercial operations in 2026.<\/p>\n<p>Set\u00fabal was selected over several possible locations because it fulfilled all the requirements set forth by Aurora, the 50%-50% joint venture between Galp and Northvolt that will be leading the project going forward.<\/p>\n<p>The site, located in the Sapec Bay Industrial Park, has good access to infrastructure, railway, and port facilities. The site is also ideally placed to source reagents, and is close to by-product users, namely cement and pulp &amp; paper industries, but also close to Portugal\u2019s current car manufacturing centre.<\/p>\n<p>The plant will be able to deliver lithium hydroxide sufficient for 50 GWh of battery production per year (sufficient for more than 700,000 electric vehicles). As part of the JV agreement, Northvolt will secure an offtake for up to 50% of the plant\u2019s capacity for use in its battery manufacturing.<\/p>\n<p>The JV partners are unwavering on driving the highest standards of sustainability, notably in the extraction and concentration of spodumene, the processing of lithium hydroxide, as well as in all related processes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Galp and Northvolt have selected Set\u00fabal as the location for their Aurora lithium conversion plant, to develop integrated lithium-battery value-chain in Europe. Longing to create a steppingstone for the development of an integrated lithium-battery value-chain in Europe, Galp and Northvolt have selected the port city of Set\u00fabal to build their Aurora advanced lithium conversion plant. [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":20320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24204],"tags":[649,24203,24134,24206],"acf":[],"yoast_head":"\n<title>Galp and Northvolt to build advanced lithium conversion plant<\/title>\n<meta name=\"description\" content=\"Galp and Northvolt select Set\u00fabal location for their lithium conversion plant, to develop integrated lithium-battery value-chain in Europe.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.innovationnewsnetwork.com\/galp-northvolt-build-advanced-lithium-conversion-plant\/20319\/\" \/>\n<meta property=\"og:locale\" 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