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Australian firm Lepidico will be setting up the Middle East’s first lithium production plant in Abu Dhabi for an investment of $95 million.
The facility is envisioned to be a zero-waste site that will span 57,000 square metres in Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of AD Ports Group’s Industrial Cities & Free Zone (IC&Z) Cluster, a statement from Abu Dhabi Media Office said.
“We are pleased to host an innovative and environmentally conscious company like Lepidico, which aims to establish the region’s first lithium production facility in the Middle East… The project is critical enabler for developing an electric vehicle supply chain in the Middle East,” said Abdullah Al Hameli, Head of IC&Z.
Lepidico is a global lithium exploration and development company. The proposed chemical plant in Abu Dhabi is expected to process lithium and recover by-products from lithium-mica and phosphate minerals.
The project includes two small scale open-pit mines that will feed a mineral concentrator in Namibia. The lepodite concentrate will then be shipped to the facility in Abu Dhabi via the Khalifa Port.
“We plan to integrate social, economic, environmental and health and safety opportunities as part of the project design criteria and strive for a zero-waste process,” said Joe Walsh, managing director of Lepidico.
(Writing by Cleofe Maceda; editing by Seban Scaria )
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