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EV Metals Group outlines plans for battery chemical compounds advanced in Saudi Arabia
EV Metals Group has outlined plans for a battery chemical compounds advanced in Yanbu Industrial Metropolis following a conditional funding settlement signed between the Royal Fee for Jubail and Yanbu (RCJY) and EV Metals Arabia for Trade (EVM Arabia).
EVM plans to develop and develop the chemical compounds advanced in phases comprising lithium chemical compounds, nickel chemical compounds and cathode lively supplies vegetation producing for home and worldwide markets.
The battery chemical compounds advanced will produce excessive purity chemical compounds containing lithium, nickel, cobalt, manganese and different metals for prime vitality density cathode lively supplies required in rechargeable lithium ion batteries for electrical autos and renewable vitality storage.
“Abdullah Busfar, chairman of EVM, mentioned: “The event and growth of the battery chemical compounds advanced shall be a world first for the dominion of Saudi Arabia, creating a singular built-in processing facility.
“It will place the dominion as a strategic international hub for midstream and downstream processing of essential uncooked supplies to provide excessive purity chemical compounds for prime vitality density cathode lively supplies for home and export gross sales to authentic tools producers and battery cell producers in development markets in Europe and North America in search of impartial provide chains.
“Now we have additionally superior the event of the Saudi provide chain with purposes for exploration licences over areas with recognized essential uncooked supplies containing lithium, nickel, cobalt, copper, platinum group metals and uncommon earth components.
“The battery chemical compounds advanced is a strategic mission enabler for the commercial clusters of Imaginative and prescient 2030 which gives improvement of producing vegetation for manufacturing of battery cells and electrical autos within the kingdom.”
Amec Foster Wheeler Australia commenced entrance finish engineering and design (FEED) for the primary two trains of LHM in July. FEED is scheduled for completion in This fall 2022 to allow development to start in Q1 2023, creating employment for 750 personnel throughout development and initially 450 everlasting positions in operations.
Commissioning and ramp up are scheduled for 2024/25. Strategic market research for EVM by Benchmark Minerals Intelligence report rising structural deficits in international provide of LHM from 2025/26.
The conditional funding settlement gives for the allocation and use of 1,270,000 sq. meters (127 hectares) of land for the battery chemical compounds plant, a bigger space of land than first proposed.
The initiative of the RCJY has enabled EVM to plan for the growth of the lithium chemical compounds plant with the addition of an extra two trains to extend manufacturing to 100,000 tpa of LHM. It has additionally enabled EVM to supply for 3 processing trains within the nickel chemical compounds plant every with a capability to provide over 100,000 tpa of excessive purity nickel sulphate.