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Piedmont Lithium has been chosen to obtain a $141.7-million grant from the DOE, one of many first wave of tasks geared toward increasing home provide of battery uncooked materials funded by the Bipartisan Infrastructure Legislation.
The funding will assist the development of Piedmont’s Tennessee Lithium undertaking, which has a finances of roughly $600 million and a objective of building lithium hydroxide manufacturing capability of 30,000 metric tons per 12 months.
The Tennessee Lithium undertaking is situated in McMinn County, Tennessee. The intention is to supply lithium hydroxide from spodumene focus utilizing a course of developed by Finnish agency Metso Outotec, which Piedmont says will ship decrease emissions than conventional processes.
Development is to start in 2023, and manufacturing anticipated to start in 2025.
Piedmont can also be growing tasks in Quebec, Ghana and North Carolina. When its present portfolio of lithium property turns into totally operational (by 2026), the corporate expects to be producing 60,000 tons per 12 months of lithium hydroxide within the US. Piedmont estimates that the brand new US battery crops at the moment within the pipeline would require a collective 600,000 tons per 12 months.
“The US authorities is placing funding {dollars} behind its insurance policies to assist power independence and nationwide safety, and we’re grateful to be chosen to assist spur crucial, home growth of the EV battery provide chain,” stated Piedmont CEO Keith Phillips. “Over 80% of lithium hydroxide manufacturing at the moment happens in China. This grant will speed up the event of the Tennessee Lithium undertaking as a world-class lithium hydroxide operation, which is anticipated to greater than double the home manufacturing of battery-grade lithium hydroxide within the US.”
Supply: Piedmont Lithium
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