PARIS–(BUSINESS WIRE)– Regulatory news:
Technip Energies (PARIS: TE) has been awarded a Bankable Feasibility Study (BFS) contract with Viridian Lithium for the construction of the first lithium refining and conversion plant in Europe.
Located in Lauterbourg, France, the plant will produce up to 100,000 tonnes of battery-grade lithium chemicals per year – equivalent to the capacity to power 2 million electric vehicles – to enable a supply chain in safe and sustainable batteries for the transition to electric mobility.
The contract consists of a bankable feasibility study (BFS), and a preferential right on the construction of the plant and its three planned extensions.
Laure Mandrou, Senior Vice President Decarbonized Solutions at Technip Energiessaid: “We are very happy to start this new adventure with Viridian Lithium. This is the start of an industrial partnership that is fully in line with Technip Energies’ strategy of engineering for a sustainable future. We are committed to supporting Viridian Lithium in the creation of the first French and European Lithium sector.”
Remy Welschinger, co-founder and president of Viridian Lithiumsaid, “We are very pleased to partner with Technip Energies to develop a clean and reliable supply chain for batteries to facilitate the transition to electric mobility.”
Purified lithium chemicals are non-substitutable materials for lithium-ion batteries and are strategic materials for the European automotive industry. The project will increase the supply chain autonomy of our electric vehicle industry. Lithium is one of the four key metals of the energy transition.
About Technip Energies
Technip Energies is a leading engineering and technology company for the energy transition, with leading positions in liquefied natural gas (LNG), hydrogen and ethylene as well as growing market positions in the blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by an extensive offering of technologies, products and services.
Present in 34 countries, our 15,000 employees are fully committed to bringing our customers’ innovative projects to life, to breaking down borders to accelerate the energy transition for a better future.
Technip Energies is listed on Euronext Paris with American Certificates of Deposit (“ADR”) traded over-the-counter in the United States. For more information: www.technipenergies.com.
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Source: Technip Energies