Titan Lithium to Set Up AED 5 Billion Lithium Processing Plant in KEZAD

Abu Dhabi, UAE – 14 February 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the most important operator of built-in and purpose-built financial zones, and UAE-based Titan Lithium have introduced the signing of a 50-year land lease settlement for the institution of a state-of-the-art lithium processing plant in Khalifa Industrial Area (KEZAD Al Ma’mourah).

To be developed in three phases with AED 5 billion in funding by Titan Lithium, the plant will produce battery-grade lithium carbonate and lithium hydroxide for battery makers and electrical automobile OEMs around the globe. Spanning over 290,000 sq. metres, the plant represents a essential turning level in the UAE’s growth as a key drive in the worldwide lithium processing market.

It additionally reinforces AD Ports Group technique to be concerned throughout the complete provide chain in the automotive business with end-to-end logistics options, from the manufacturing facility to the end-customer.

Once established, the plant will likely be importing roughly 150,000 tonnes of Lithium yearly from its mines in Zimbabwe for processing by means of the adjoining Khalifa Port. This is a transparent illustration of AD Ports Group symbiotic ecosystem constructed in Abu Dhabi, whereby the entire ecosystem advantages by means of income synergies from a major growth for one of many 5 vertically built-in clusters.

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Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones Abu Dhabi – KEZAD Group stated: “The institution of the lithium processing plant aligns with the UAE’s broader targets of innovation and sustainable growth, in addition to KEZAD Group’s targets for sustainable growth. It is an extension of synergies introduced throughout COP28 summit in the UAE, and the imaginative and prescient of the management of the nation.

“We welcome Titan Lithium Industries to KEZAD, and look ahead to the venture’s vital contribution to the UAE’s strategic imaginative and prescient of diversifying its economic system and reinforcing its place in the worldwide market.”

Vaibhav Jain, Founder and President of Titan Lithium Industries Ltd, stated: “Our facility in KEZAD is not only an funding in the way forward for Abu Dhabi and Titan Lithium Industries, however a stride in the direction of a sustainable and higher future for the world. Lithium is the brand new oil, and thru this venture, we’re positioning the UAE, and particularly Abu Dhabi, as a pivotal hub in the lithium processing area.”

The venture is poised to create plenty of job alternatives, stimulate the native economic system, and place Abu Dhabi on the forefront of the lithium processing business. As the world transitions to renewable power sources, the position of lithium as a key part in this shift turns into more and more very important.

The proposed plant will use state-of-the-art applied sciences and the most effective sustainable practices in its operations, guaranteeing the best degree of environmental duty whereas driving ahead the worldwide electrical automobile revolution.

Availability of processed Lithium is essential for the manufacturing of battery packs used in electrical autos, a quickly rising sector in the worldwide push for sustainable power options.

The UAE, as part of its dedication to attaining the net-zero emissions goal, has introduced that it’ll improve the share of electrical and hybrid autos to 50 p.c of all bought autos by 2050, thereby boosting demand for battery supplies in the nation.