https://newsletter.en.creamermedia.com
Energy|PROJECT|Refinery|Operations
Energy|PROJECT|Refinery|Operations
energy|project|refinery|operations

Galp drops plans to build Aurora lithium refinery in Portugal

27th November 2024

By: Reuters

  

Font size: - +

Portuguese energy company Galp said late on Tuesday it has dropped its plan to build the Aurora lithium refinery after it failed to find a new partner to replace Northvolt, a Swedish maker of batteries for electric vehicles.

Galp was left alone in early 2024, when Northvolt said it would not invest in the 50-50 joint venture set up in November 2021 to build a lithium processing plant in Setubal, on Portugal's coast.

The project's investment was estimated at more than €1-billion ($1.05 billion).

The refinery, which was scheduled to start commercial operations in early 2026, was facing delays due to the complexity of the project and uncertainty about funding.

Low lithium prices following oversupply from China also made the project less attractive.

Northvolt, Europe's biggest hope for an electric vehicle battery champion, last week filed for US Chapter 11 bankruptcy protection after talks with investors and creditors including Volkswagen and Goldman Sachs for funding failed.

Edited by Reuters

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

VR Print MD Hilton Janse van Rensburg
VR Print empowers brands
11th March 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.151 0.237s - 170pq - 2rq
Subscribe Now