Portugal novo energy northvolt

Is Northvolt going to build a lithium conversion plant in Portugal?

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.

Will Portugal build a battery-grade lithium refinery by end 2025?

A plan to build one of Europe's largest battery-grade lithium refineries in Portugal by end-2025 is facing delays due to the complexity of the project and uncertainty about grant funding, one of the partners, Galp , said on Thursday.

Will Portugal be the largest integrated lithium conversion plant in Europe?

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”.

How much lithium does Northvolt use?

The plant would deliver enough lithium hydroxide for 50 gigawatt-hours of battery production per year, with Northvolt using up to 50% of the plant's capacity for its battery making. German auto maker Volkswagen (VOWG_p.DE) is the largest shareholder of Northvolt.

Where will Portugal's first lithium refinery be located?

Portugal’s first lithium refinery will be in Setúbal, the Galp/ Northvolt consortium have revealed. The news today follows the announcement late last year of what the consortium sees as a “once-in-a-generation opportunity to reposition Europe as a leader in an industry that will be vital to bringing down CO2 transmissions”.

Could Northvolt & Galp be a milestone for Sustainability in Europe?

Still, Northvolt and Galp, which after a long history in the fossil fuel industry is aiming to reduce its emissions by 40% by 2030, view their plant as a potential milestone for sustainability in Europe.