China’s battery maker CALB to build Europe industry base in Portugal. Chinese power battery maker CALB inked a memorandum of understanding (MoU) with the government of Portugal on Nov. 2 to launch its Europe industry base in the country, indicating a milestone in CALB’s global industrial deployment, the company announced via its WeChat account.
The Swedish battery cell manufacturer Northvolt is setting up a 50:50 joint venture with Portugal’s energy company Galp. Under the direction of the joint venture Aurora, a lithium conversion plant will be built in Portugal. The future location of the plant is still under discussion. ++ This article has been updated.
Northvolt insists that the Portuguese plant will be “the largest and most sustainable integrated lithium conversion plant in Europe” and “a milestone in the development of a European battery value chain”.
Portugal has the largest proven reserves of lithium in Europe, which is why Aurora is there. The refinery will use Portuguese lithium as well as foreign imports from places like Australia (which, the company acknowledges, will contribute to the CO2 emissions associated with the venture).
Under the direction of the joint venture Aurora, a lithium conversion plant will be built in Portugal. The future location of the plant is still under discussion. ++ This article has been updated. Kindly continue reading below. ++
The companies believe the area, home to 300,000 and 270,000 tons of respective lithium reserves in Spain and Portugal, offers the necessary tools to extract, concentrate, and convert the mineral with a limited footprint.
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