UK, February 25, 2022 – Sembcorp Energy UK (SEUK) today announces an exclusivity agreement with Alkemy Capital Investments plc (“Alkemy”), whose wholly-owned subsidiary Tees Valley Lithium Ltd (“Tees Valley Lithium”) intends to bring their electric vehicle grade Lithium Hydroxide Chemical Processing Plant to Wilton International, within the Teesside freeport zone.
Alkemy has signed a six-month exclusivity agreement with SEUK, in respect of land on which, subject to the completion of a feasibility study and entry into a formal lease, Tees Valley Lithium intends to construct the UK’s first lithium hydroxide plant on Teesside.
On the 20-acre plot, the plant will support the processing of chemical elements used in batteries for electric vehicles (EVs) – a technology playing a key part in the UK’s transition to a low-carbon economy. The plant will have an initial capacity of 24,000 tonnes per annum of lithium hydroxide, to be sold in the energy storage markets.
Upon finalisation of a formal lease, construction will begin during the course of this year, with the plant anticipated to be operational in late 2023, supporting 500 jobs during construction and 250 when in operation.
SEUK has an established “plug and play” infrastructure at Wilton International that will enable the additional benefits of the Teesside freeport to be realised quickly. Tees Valley Lithium will have the electricity, steam and water they need as soon as they are operational.
Andy Koss, CEO, UK & Middle East, Sembcorp Industries, commented,
“I’m delighted that Tees Valley Lithium has chosen Wilton International for their new plant, having been attracted by the benefits of the Teesside freeport and the readily-available connectivity of our site. We welcome new customers and new low-carbon jobs that are supporting the UK’s transition to net zero, similar to Sembcorp’s strategic goals.”
Tees Valley Lithium said,
“We are excited to be coming to Wilton International – the site, within the new Teesside freeport zone, is ideally located with such close proximity to the port. We’re proud to be joining Teesside and contributing to the green regeneration of the North East on the path to net zero.”
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ABOUT SEMBCORP ENERGY UK
Sembcorp Energy UK (SEUK), a wholly-owned subsidiary of Sembcorp Industries, is a leading provider of sustainable solutions supporting the UK’s transition to Net Zero. With an energy generation and battery storage portfolio of nearly 1GW in operation, our expertise helps major energy users and suppliers improve their efficiency, profitability, and sustainability, while supporting the growth of renewables and strengthening the UK’s electricity system.
Our Wilton International site on Teesside sits within a hub of decarbonisation innovation. At the site, we provide energy-intensive industrial businesses with combined heat and power (CHP) via our private wire network that supplies electricity generated by gas and biomass.
These services are complemented by our fleet of fast-acting, decentralised power stations and battery storage sites situated throughout England and Wales. Monitored and controlled from our central operations facility in Solihull, these flexible assets deliver electricity to the national grid, helping to balance the UK energy system and ensure reliable power for homes and businesses.
ABOUT SEMBCORP INDUSTRIES
Sembcorp Industries (Sembcorp) is a leading energy and urban solutions provider, driven by its purpose to do good and play its part in building a sustainable future.
Headquartered in Singapore, Sembcorp leverages its sector expertise and global track record to deliver innovative solutions that support the energy transition and sustainable development. By focusing on growing its Renewables and Integrated Urban Solutions businesses, it aims to transform its portfolio towards a greener future and be a leading provider of sustainable solutions.
Sembcorp has a balanced energy portfolio of over 15GW, with more than 5.4GW of gross renewable energy capacity comprising solar, wind and energy storage globally. The company also has a proven track record of transforming raw land into sustainable urban developments, with a project portfolio spanning over 13,000 hectares across Asia.
Sembcorp is listed on the main board of the Singapore Exchange. It is a component stock of the Straits Times Index and sustainability indices including the FTSE4Good Index and the iEdge SG ESG indices. For more information, please visit www.sembcorp.com.