LevertonHELM and Mangrove Lithium Sign MoU for Development of Battery-Grade Lithium Refinery in Europe
May 21 2024 - 7:00AM
Business Wire
HELM AG (“HELM”) announces a new potential partnership of its
subsidiary LevertonHELM with Mangrove Lithium, a cutting-edge
lithium technology provider from Canada. The parties have signed a
Memorandum of Understanding (“MoU”), agreeing to jointly explore
the co-development of a European lithium refining facility
dedicated to the sustainable production of battery-grade lithium
hydroxide monohydrate for the use in electric vehicles batteries
deploying Mangrove’s Clear-LiTM electrochemical technology.
This MoU follows a successful commercial demonstration of
Mangrove’s Lithium refining technology for the conversion of
lithium sulfate from recycled battery materials to battery-grade
lithium hydroxide. LevertonHELM is very satisfied by the high
purity lithium hydroxide, high yields and low production cost from
Mangrove’s patented Clear-LiTM electrochemical refining
technology.
Projects like this are crucial for establishing a secure supply
of critical minerals for the European Union’s energy transition.
With the collective expertise between LevertonHELM’s lithium
processing experience and Mangrove Lithium’s innovative refining
technology, the collaboration is aiming to become a milestone for
the European renewable energy sector that will establish a robust,
local, circular supply chain for battery-grade lithium
products.
The agreement is another important step for HELM to further
strengthen its presence and participation in the lithium-ion
battery supply chain. “We look forward to further develop our
lithium processing capabilities through our collaboration with
Mangrove. With this project we intend to actively contribute to
closing the recycling loop which is essential for decreasing
Europe’s dependence on lithium import,” says Stephen Elgueta
Wallis, Vice President Energy Materials at HELM.
Mangrove CEO and Founder, Saad Dara, comments “We are excited to
be collaborating on such an innovative project with LevertonHELM.
We look forward to complementing our expertise in electrochemical
technologies with their experience and expertise in the lithium and
chemical industries to remove bottlenecks in the lithium supply
chain and create a more robust and sustainable source of lithium to
meet the growing demands in Europe.”
“Few companies understand lithium better than LevertonHELM.
Given their expertise and focus on quality, it is logical for them
to expand their operations with Mangrove’s technology. Europe is
taking a significant step towards circularity, quality, and
independence through this potential partnership,” said Francisco
Velasco, VP Commercial at Mangrove Lithium.
About Mangrove Lithium
Mangrove Lithium is a technology company based out of Vancouver,
Canada that has developed a patented electrochemical lithium
refining technology for the conversion of lithium extracted from a
variety of feedstocks into high-purity battery-grade lithium
hydroxide and lithium carbonate. Mangrove’s technology offers the
potential for the lowest cost, highest purity lithium hydroxide and
carbonate while reducing the carbon emissions associated with
incumbent lithium refining technologies. Mangrove is backed by Bill
Gates’ Breakthrough Energy Ventures, BMW I Ventures, and the
Business Development Bank of Canada. For more information visit:
www.mangrovelithium.com
About HELM AG
HELM is a Hamburg, Germany, based family-owned company
established in 1900. With up to 100 subsidiaries and participations
in more than 30 countries, HELM is one of the largest independent
chemical companies worldwide. HELM is committed to providing
solutions that help its partners to tackle the reduction of CO2
emissions and the loss of biodiversity. Through its global
presence, the company also strives to create positive impact in
local societies around the world. HELM’s partnerships in Lithium,
bio-based BDO, and digital tools supporting an efficient
agriculture are recent examples, which support that goal. HELM is
active in the chemicals and energy materials industry as well as
agriculture and pharmaceuticals. To find out more visit:
www.helmag.com
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Mangrove Lithium Media contact Carl McBeath
carlmcbeath@mangrovelithium.com Phone: 1-604-786-1954 HELM
AG Media contact Janneke Menzel janneke.menzel@helmag.com (+49)
2375 1855