Why is the construction of Portugal's largest lithium refinery postponed?
The construction of one of Europeʼs largest lithium refineries in Portugal has been postponed. Due to its complexity and uncertainties regarding financing, the -joint-venture Aurora project by Portuguese oil company Galp and Swedish battery manufacturer Northvolt will be delayed.
What's going on with Aurora's Lithium Project?
The joint venture is also exploring funding options to support the project's development. Aurora aims to build Europe's largest sustainable lithium plant in Portugal, producing 35,000 tons annually by , supporting the battery value chain and energy transition efforts.
How much money will Galp & Northvolt invest in ?
Commercial operations are expected to start in . The project could represent an investment of around €700 million. The plant aims to create up to 1,500 direct and indirect jobs. Galp and Northvolt have established a joint venture named Aurora to develop Europe's largest and most sustainable lithium conversion plant in Portugal.
How much lithium does Portugal have?
Portugal has noteworthy lithium (Li) resources (306 thousand tonnes – kt) that should be suitably assessed to realistically support an expected expansion of known reserves (ca. 53 kt Li), as reported in several studies (e.g. Dinis and Horgan ; Filipe et al. ).
Why is lithium demand so high in ?
According to Gardiner, Jowitt, and Sykes (), lithium demand will soar primarily due to BEV demand and is considered critical because the market is still too small. However, its long-term criticality depends on advancements in recycling, alternative technologies, and the onstream of new lithium sources (Gardiner, Jowitt, and Sykes ).
Can batteries without lithium reduce the Li supply chain?
The adoption of batteries without lithium (e.g. Na-ion) could lessen the pressure on the Li supply chain. The results presented here show that relief, with the Na-ion scenarios promoting a Li demand reduction on the order of 40%.
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