Neometals, via its majority stake in a 70:30 joint venture with Mineral Resources (“RAM”), is commercialising a proprietary process (ELi Processing Technology (“ELi™”)) to sustainably produce lithium hydroxide and carbonate from lithium chloride, and/or hard rock feedstocks solutions using electrolysis. The ELi™ Processing Technology purifies feedstocks then utilises electricity to convert lithium salt into chemical. In so doing, decarbonising the battery supply chain with scope to significantly reduce CO2 by using fewer ships, trucks, reagents, processing steps and significantly reducing OPEX and reducing the amount of processing required.
Traditional means of producing lithium chemical creates inherent industry challenges that ELi™ looks to address:
ELi™ has several advantages over conventional processes including lower operating expenditures, higher product purity and a smaller CO2 footprint largely owing to lower process reagent consumption. The patented ELi™ Processing Technology underpins Neometals’ unique Lithium Chemical proposition:
RAM is co-developing in Europe with Portugal’s largest chemical producer, Bondalti Chemicals S.A. (“Bondalti”). The Portuguese refinery operation will source / process brine feedstocks and leverage Bondalti’s supply chain, infrastructure and operating expertise. A proposed 25,000tpa lithium refinery at Estarreja aims to produce battery quality lithium hydroxide and lithium carbonate. Piloting and demonstration will precede commercial refining at Bondalti’s existing chlor-alkali operations. RAM is initially targeting the European market, where there is a large deficit of battery raw materials.