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AED 5 bn lithium plant is coming to Kezad: Abu Dhabi’s Khalifa Economic Zone (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 plant is a step towards achieving sustainability: The establishment of the new facility comes as the UAE looks to become a hub for EVs under its Global EV Market initiative, as processed lithium is an essential component for the manufacturing of EV batteries. “The facility in KEZAD is not just an investment in the future of Abu Dhabi and Titan Lithium Industries, but a stride towards a sustainable and better future for the world. 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.
About the plant: Under a 50-year land lease agreement, the 290k sqm factory will be built in three phases. With an annual production capacity of 150 tons, the factory will be dedicated to manufacturing “battery-grade lithium carbonate and lithium hydroxide for battery makers and electric vehicle OEMs,” according to the statement. The raw lithium will be imported from Titan’s mines in Zimbabwe.
