£0.6m grant secured from Automotive Transformation Fund
20 APRIL 2022, LONDON
Funding will support Green Lithium's plans to build and operate in the UK's first large-scale lithium refinery, located in the north of England.
Green Lithium, the mineral processing company, has secured a £0.6m grant from the Advanced Propulsion Centre’s (APC) Automotive Transformation Fund Feasibility Study scheme (ATF FS2) to support its plans to build and operate Europe's first large-scale lithium refinery, located in the UK.
Currently, there is no commercial lithium refining capability of scale in Europe, leaving the continent's rapidly growing electric vehicle and sustainable energy storage sectors wholly reliant on China for its battery-grade lithium hydroxide.
Green Lithium aims to fill the missing link in the electric vehicle supply chain, using its world-leading sustainable and low-carbon refining process to connect the UK's and EU's lithium battery and cell manufacturers with abundant international sources of lithium hydroxide.
This major new lithium refining hub will be critical in accelerating the transition to electric vehicles and meeting governmental net-zero targets.
It is projected that the UK and EU electric vehicle industries will require 1.4 million tonnes of refined battery-grade lithium hydroxide and lithium carbonate per year by 2030, meaning growth of more than 400% in supply is needed over the next 10 years. However, that demand will not be met by the refining capacity that is currently available or planned.
Richard Taylor, Marketing Director & Co-Founder at Green Lithium, said: “The electric revolution is fundamental to reducing the carbon emissions that contribute to climate change.
“However, in order to accelerate the adoption of electric vehicles and meet net-zero targets, we need to increase and diversify the supply of low-carbon, battery-grade lithium hydroxide and lithium carbonate.
“By providing the missing link in the supply chain, Green Lithium aims to become the gateway to, and critical enabler for, the UK and EU electric vehicle market."
"As part of the second round of feasibility study funding by the Automotive Transformation Fund, we are pleased to award Green Lithium with a grant of £0.6m"
“This funding is a great start in supporting companies like Green Lithium as they advance their future product development and manufacturing processes for a future net-zero vehicle supply chain.”