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As stated by the EIB, the project concerns the construction of a commercial plant to produce lithium hydroxide from spodumene. Lithium hydroxide is one of key material used for electric vehicle (EV) batteries manufacturing.
The annual production is expected to total 32 000 metric tons, enough to power over 700 000 EVs.
The start of commercial operations is planned in 2028. The plant will be located in Setubal, Portugal.
The project supports the EU's CRM Act target to achieve the local processing capacity of at least 40% of the Union's annual consumption of strategic raw materials. Furthermore, the end-users use lithium hydroxide to manufacture EV batteries that play key role in enabling the EU's green transition and in achieving the European Green Deal ambition to become climate neutral by 2050.
As stated by Bloomberg:
Galp Energia, SGPS, S.A. is an integrated energy company with diversified activities Worldwide. The Company is focused in the prolific South Atlantic area, including Brazil's pre-salt Santos basin and the Angolan offshore, and in the world class Rovuma basin in Mozambique. Galp Energia SGPS focuses on refining and marketing, natural gas, and power businesses.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| NorthVolt AB | Client | Energy | contracts with | Galp Energia SGPS SA | Client | Energy |
No contacts provided at the time of disclosure.
Clients -
Galp Energia SGPS SA:
Address: Avenida da India 8, 1349-065 Lisboa, Portugal
Phone: (+351) 217 242 500
Email: galp@galp.com
Website: https://www.galp.com/corp/en/
Northvolt AB:
Address: Alströmergatan 20, SE-112 47, Stockholm, Sweden
Phone: +46761309427
Email: hi@northvolt.com
Website: https://northvolt.com/
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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