31
January 2025
Alkemy Capital Investments
Plc
TVL Collaborates with Veolia
to Accelerate Europe's Lithium Supply Chain
Alkemy Capital Investments plc
("Alkemy") (LSE: ALK) (JV2:FRA), the 100% owner of Tees Valley
Lithium ("TVL"), is delighted to announce that an agreement has
been signed with Veolia Water Technologies Inc. ("Veolia"), a world
leader in water technologies and circular economy. This
collaboration aims to support the development of TVL's first
lithium hydroxide refinery train at Teesside, UK.
Veolia's proven experience in
lithium processing, highlighted by their role in various lithium
hydroxide production facilities, brings unparalleled expertise to
TVL's mission to deliver battery-grade lithium
hydroxide.
This collaboration will integrate
state-of-the-art artificial intelligence (AI) and digital twin
technologies to optimize processes, reduce costs, and mitigate
operational risks while ensuring compliance with industry
standards.
HIGHLIGHTS
●
Veolia's proven track record in lithium
processing, including lithium carbonate to lithium hydroxide
conversion, brings unrivalled technical capabilities to TVL's
project.
●
The Integration of AI and digital twin
technologies will enhance efficiency, optimize processes, and set
new benchmarks for lithium refining in the UK and
Europe.
●
Veolia will provide technical support and key
input into TVL's FEED study, to be led by global lithium specialist
firm Wave International, providing a clear and de-risked pathway to
construction and production.
●
A focus on modular engineering solutions will
ensure a cost-effective, scalable operation that positions TVL as a
key supplier for the UK and Europe's rapidly expanding EV
market.
●
TVL's previously announced feedstock deal with
Wogen to deliver a reliable supply of raw materials will enable the
collaboration with Wave International and Veolia to focus on
optimising plant performance and operational
efficiencies.
Alkemy Chairman Paul Atherley commented:
"This collaboration with Veolia strengthens our position as a
leader in the European lithium refining market. Veolia's deep
expertise and cutting-edge technologies will engender confidence in
our ability to deliver a reliable, cost-effective lithium supply
chain for Europe's rapidly growing EV sector."
Veolia Water Technologies Inc. Vice President Mark Boone
commented:
"Veolia is excited to contribute our comprehensive expertise
to the TVL project, including process development, laboratory
validation testing, engineering, and global equipment supply
capabilities. This collaboration supports Europe's efforts to
secure essential minerals, actively driving the decarbonization of
transportation. Leveraging our technical capabilities for this
crucial market perfectly aligns with our GreenUp strategic
plan."
Wave International CEO Ryan Hanrahan
commented:
"A
key philosophy of the TVL project is to maximise leverage from
industry learnings. The combined global experience of the Veolia
and Wave teams provides a springboard for TVL to deliver a robust
and derisked FEED ahead of FID. We genuinely look forward to
working with Veolia on the process
technology package."
The collaboration with Veolia will
focus on the following key areas:
●
Process validation and optimization to refine
TVL's operational blueprint for high efficiency and
quality.
●
Leveraging AI and digital twin tools to set a
benchmark for lithium refining excellence in the UK and
Europe.
●
A modular engineering approach to maximise
scalability and efficiency to support the rapid growth of the EV
market.
●
Delivering the key milestones required for a
smooth transition to construction and production.
With Veolia's support, TVL is
well-positioned to complete its FEED study and transition
seamlessly to construction and production. This collaboration
reflects a significant milestone in the company's journey to
establish a reliable, sustainable, and world-class lithium refining
operation in the UK.
About Veolia
Veolia's ambition is to become the
benchmark company for ecological transformation. Present on five
continents with nearly 218,000 employees, the Group designs and
deploys useful and concrete solutions for water, waste and energy
management that help to radically change the game. Through its
three complementary activities, Veolia contributes to developing
access to resources, preserving available resources and renewing
them.
www.veoliawatertechnologies.com/en/core-markets/lithium-processing-and-recycling
Further information
For further information, please
visit Alkemy's website: www.alkemycapital.co.uk or
TVL's website www.teesvalleylithium.co.uk.
-Ends-
ABOUT US
Alkemy Capital Investments plc: Alkemy is focused on the development of critical mineral
infrastructure to support the global energy transition. Through its
wholly owned subsidiary, TVL, Alkemy is leading the way in
establishing Europe's first independent lithium hydroxide
refinery.
Tees Valley Lithium Limited: TVL is dedicated to providing battery-grade lithium chemicals
to meet the growing demand of the electric vehicle supply chain in
Europe. Strategically located at in Teesside, TVL is committed to
sustainable, efficient, and world-class operations.
Forward Looking Statements
This news release contains
forward‐looking information. The statements are based on
reasonable assumptions and
expectations of management and Alkemy provides no assurance that
actual events will meet management's expectations. In certain
cases, forward‐looking information may be identified by such terms
as "anticipates", "believes", "could", "estimates", "expects",
"may", "shall", "will", or "would". Although Alkemy believes the
expectations expressed in such forward‐looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those projected. In addition, factors that could
cause actual events to differ materially from the forward-looking
information stated herein include changes in market conditions,
changes in metal prices, general economic and political conditions,
environmental risks, and community and non-governmental actions.
Such factors will also affect whether Alkemy will ultimately
receive the benefits anticipated pursuant to relevant agreements.
This list is not exhaustive of the factors that may affect any of
the forward‐looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on
forward-looking information.
