Essential to this change is the metal lithium, which is fundamental for the production of batteries for grid scale energy storage, and for powering zero-emission electric vehicles.
Electric vehicles will play a fundamental part in the effort to reduce carbon. This means that the demand for EV batteries will increase. The UK and EU markets alone will require over 800,000 tonnes of refined lithium a year. But there is currently no large-scale lithium refining capability in either the UK or the EU.
Green Lithium, working closely with its partners, is well on the way to building the UK's first large-scale replicable lithium refining and recycling plant.
Carmakers are driving demand by launching 400+ new EV models between now and 2025.
The European market is currently valued at $1bn and is expected to rise to $12bn by 2030.
There will be UK and EU-wide bans on internal combustion engines in 2035.
Achieving a goal on this scale requires an expert team. First-of-a-kind commercialised technology will naturally pose significant risks and must be strategically addressed and tactically managed. We've made delivery focus front and centre of our execution strategy by ensuring that our people, processes and systems are all geared towards successful delivery.
The electric revolution is fundamental to reducing the carbon emissions that contribute to global climate change. Here is how we are addressing the critical gap in the future UK and EU battery supply chain by building the UK's first merchant lithium refinery.