Mustang and Faisal Jameel Al Hejailan Consulting Engineering Company, a subsidiary of Wood Plc, has signed a Front-End Engineering Design Agreement (FEED) with EV Metals Arabia, the operating subsidiary of EV Metals Group plc (EVM), for the development of the first two processing trains for the production of lithium hydroxide monohydrate (LHM) in the Lithium Chemicals Plant of the Battery Chemicals Complex.
The scope of work under the FEED agreement will be focused on non-process infrastructure, utilities, and port infrastructure. Amec Foster Wheeler Australia (trading as Wood), is implementing the balance of FEED as part of an integrated owners team with EVM.
With the creation of the world’s first integrated Battery Chemicals Complex at Yanbu Industrial City, EVM is establishing a global battery chemicals and technology business, which will produce high purity chemicals containing lithium, nickel, cobalt, manganese and other metals, plus cathode active materials used in rechargeable lithium-ion batteries for electric vehicles and renewable energy storage.
EVM is establishing a global battery chemicals and technology business
Eng. Abdullah S. Busfar, Chairman of EVM explained: “The Lithium Chemicals Plant is a strategic first step in the development of our Battery Chemicals Complex. The first two trains of LHM will bring in an initial investment of $800 million. They will produce 50,000 tpa of LHM for Original Equipment Manufacturers, principally electric vehicle manufacturers and battery cell manufacturers seeking stable, long term, independent and transparent supply chains as structural deficits emerge in lithium after 2025.”
The first two trains of LHM will bring in an initial investment of $800 million
Michael Naylor, Managing Director of EVM commented: “EVM has identified a critical gap in supply chains for electric vehicles manufacturers and battery cell manufacturers which EVM is addressing through the development of a Lithium Chemicals Plant, a Nickel Chemicals Plant and a Cathode Active Materials Plant based on the upstream integration and development of supply chains for long term supplies of lithium, nickel, cobalt and other metals from Western Australia while the Saudi supply chain is being developed.