The company behind plans to bring the UK’s first lithium hydroxide factory to the Teesside freeport has launched a feasibility study for the project.
Tees Valley Lithium, a subsidiary of Alkemy Capital Investments, has appointed consultants Wave International to look at the technical and economic basis for the factory which would process chemicals used in electric vehicles batteries.
In an update to investors, Tees Valley Lithium said the study will also become the basis for the finalisation of approvals, as well as the next stages of detailed engineering development and major equipment procurement.
