TAIPEI, Sept. 20, 2022 /PRNewswire/ — The Northern Territory Government has signed a Memorandum of Understanding (MoU) with Taiwanese firm, Aleees and Perth-based Avenira Ltd, to develop and function the Territory’s first battery cathode manufacturing plant in Darwin.
A major financial and strategic alternative for the Northern Territory, the plant will manufacture lithium iron phosphate (LFP) battery cathode materials.
It’s estimated the venture will initially create 100 jobs, rising as much as 1000 jobs and producing greater than US$4 billion in income yearly as soon as scaled to full manufacturing.
The lithium cathode materials is a vital lively materials used inside an electric vehicle battery or power storage battery which determines the capability, security and sturdiness of the battery.
The MoU maps out how the Territory Government, Aleees and Avenira will work collectively to realize Final Investment Decision on a pilot facility, with FID anticipated early in 2023.
Government will even work proactively with Aleees Group, Avenira and its provide chain companions to determine an appropriate web site in Darwin for the power.
Once operational, the pilot facility will manufacture as much as 10,000 tonnes of lithium-iron phosphate battery cathode materials per 12 months.
The MoU additional helps the event of as much as 200,000 tonnes each year manufacturing facility constructed in phases in Darwin over the following 10 years. The main facility will completely supply phosphoric acid from the Wonarah Phosphate Project in the Barkly.
Quotes attributed to Chief Minister Natasha Fyles:
“Today’s announcement is a significant economic and strategic opportunity for the Northern Territory.
“Increasing demand and the transition to renewable power, battery storage and use of excessive expertise merchandise has resulted in global organisations trying to set up diversified, dependable and steady provide chains.
“The project will position the Territory as the next Australian home of advanced manufacturing, develop new skills and jobs, as well as support our objective to achieve a $40 billion economy by 2030.
“With the potential to create 1000 jobs this venture will profit Territorians from the Top End to the Barkly with the manufacturing plant to be constructed in Darwin, which is able to completely supply phosphate from the Wonarah Phosphate Project in the Barkly.”
Quotes attributed to the Minister for Renewables and Energy, Selena Uibo:
“Our future is renewables – that is why we proceed to again and make investments in tasks like this lithium battery materials (or cathode) manufacturing plant.
“We are making sure the Territory will have clean and efficient energy to help reach our renewables and net zero emission targets.
“This venture will create native job alternatives, and strengthen the Territory’s status as a renewable power vacation spot.”
Quotes attributed to Brett Clark, Executive Chairman, Avenira Limited
“We are proud to achieve this MOU alongside Aleees and the Northern Territory Government as we collectively work in direction of a Lithium Iron Phosphate (LFP) battery cathode manufacturing facility.
“This MOU opens the door for Avenira to learn from Aleees about LFP battery cathode manufacturing technology and leverage this experience to optimise the production of phosphoric acid from the Wonarah Project.
“The engagement of the Northern Territory Government in the MOU is appreciated and we sit up for their help and steerage.
Quotes attributed to Brandon Chang, President, Aleees AU Pty Ltd. on behalf of Advanced Lithium Electrochemistry Co., Ltd.
“This move has a very significant impact on strengthening the lithium battery supply chain in the world.
“This cooperation improve the event of the lithium battery trade in Australia, selling inexperienced power high-tech growth.
“One of essentially the most thrilling alternatives created by renewable power applied sciences like cathode supplies is the power to vary the world’s sustainability.
SOURCE Aleees
