Aurora aims to build Europe's largest sustainable lithium plant in Portugal, producing 35,000 tons annually by 2026, supporting the battery value chain and energy transition efforts.
Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars.
Will Northvolt build a lithium conversion plant in Portugal?
With electric vehicle (EV) sales surging across Europe, Swedish battery manufacturer Northvolt announced April 13 its intent, together with Lisbon-based multinational energy conglomerate Galp Energia, to construct a massive lithium conversion plant on Portugal's southern coast.
Will Portugal invest in a lithium battery factory in Sines in 2023?
A planned lithium battery factory in the port of Sines leads a raft of new foreign direct investment (FDI) projects secured by Portugal in 2023. The 36 projects will net the country over 2.7 billion euros and are part of the largest influx of such investment in Portugal since 2016.
How much money will Portugal invest in a new lithium battery?
The 36 projects will net the country over 2.7 billion euros and are part of the largest influx of such investment in Portugal since 2016. China Aviation Lithium Battery (CALB) will invest 2 billion euros in the state-of-the-art factory – its first in Europe.
Will Portugal build a battery-grade lithium refinery by end 2025?
A plan to build one of Europe's largest battery-grade lithium refineries in Portugal by end-2025 is facing delays due to the complexity of the project and uncertainty about grant funding, one of the partners, Galp, said on Thursday.
[See more: BYD holds talks with Brazilian lithium producer] Filipe Santos Costa, head of Portugal's investment and trade agency AICEP, said the CALB plant is an example of the “big investments” the country is pursuing, which “can have more impact and a greater multiplier effect” on the national economy.