(Kitco News) - Alkemy Capital (LSE: ALK) announced Monday that the company will build a Lithium Sulphate (LSM) plant at Port Hedland, Australia's largest export port located in the Pilbara region of Western Australia.
According to the company's statement, Port Hedland LSM plant production will supply the expansion of the Wilton Lithium Hydroxide (LHM) facility, UK, with Train 1 set to produce 24,000 tpa of battery-grade lithium hydroxide from 2024.
Alkemy noted that Train 1 of the Port Hedland LSM plant is set to process spodumene from Australian lithium miners to produce 40,000 tpa of primary LSM, with Trains 2-4 adding a further 120,000 tpa primary LSM production in future expansions.
Importantly, the company said that the Port Hedland LSM plant will offer Australian spodumene producers mid-stream processing options with direct access to the premium European battery market, adding that the plant will export a higher-grade, lower-volume product resulting in less tonnage shipped and less transport carbon emissions.
“More importantly, it will also bring major downstream processing and value adding to the Pilbara region of Western Australia, with significant multiplier benefits for the local community, whilst reducing the carbon footprint of the end to end lithium battery cell supply chain to meet new European emissions standards,” the company said in a press-release.
Alkemy is seeking to develop, construct and operate the world's leading independent and sustainable lithium hydroxide production facility.
The company, through its wholly-owned subsidiary Tees Valley Lithium (TVL), has secured a 9.6 ha brownfields site at the Wilton International Chemicals Park located in Teesside, a major UK Freeport.
Alkemy and TVL recently announced a supply agreement with leading global physical trader and merchant in metals and natural resources, Traxys North America LLC, a member of the Traxys Group of companies. Alkemy and TVL are partnering with Traxys to source and supply lithium feedstock for TVL's LHM processing facility in the UK.
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