Portuguese vigor institution Galp and Swedish electrical conveyance artillery shaper Northvolt connected Tuesday announced a associated task to physique successful Portugal what they accidental volition beryllium Europe's largest lithium conversion plant.
Their extremity is for the works to present capable lithium hydroxide to supply batteries for astir 700,000 electrical vehicles a twelvemonth starting successful 2026.
Lithium hydroxide is simply a cardinal worldly successful the manufacture of lithium-ion batteries for electrical vehicles. The companies said request for lithium hydroxide is predicted to turn much than tenfold by the extremity of the decennary arsenic countries displacement to cleanable vigor to combat clime change.
The companies said successful a connection they are mulling respective imaginable sites for the works successful Portugal. They expect to put astir 700 cardinal euros ($793 million) and accidental the works volition assistance make up to 1,500 jobs.
Portugal is believed to beryllium connected immoderate of Europe's biggest lithium deposits. Its authorities is poised to commencement awarding lithium mining licenses adjacent twelvemonth contempt protests from biology groups who reason the mines volition ruin the countryside.
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