AED 5 bn lithium plant is coming to Kezad: Abu Dhabi’s Khalifa EconomicZone(Kezad) inked an agreement with Dubai-based manufacturer Titan Lithium to establish a lithium processing facility with a total investment of AED 5 bn in the Khalifa Industrial Area, according to a press release.

The details: The plant will import 150k tonnes of lithium annually from Titan’s mines in Zimbabwe for processing through the nearby Khalifa Port. The 290k sqm facility will produce battery-grade lithium carbonate and lithium hydroxide for use in EV production plants worldwide. Construction will be finalized in three phases under a 50-year land lease agreement.

What they said: “Lithium is the new oil, and through this project, we are positioning the UAE, and specifically Abu Dhabi, as a pivotal hub in the lithium processing domain,” Titan Lithium president Vaibhav Jain said.

Tags: