Progress with AMG’s plant in Saxony-Anhalt: Construction of the first module approved
AMG Lithium GmbH, a subsidiary of AMG Advanced Metallurgical Group N.V., has announced that its supervisory board has approved the construction of the first module of a refinery for lithium hydroxide in the Bitterfeld-Wolfen Chemical Park in Saxony-Anhalt. The project, which involves a total investment of 120 million US dollars, includes the infrastructure needed to operate four additional modules.
The plant is expected to come into operation in the third quarter of 2023. Thomas Einsfelder, Managing Director of the Investment and Marketing Corporation of Saxony-Anhalt (IMG), explained: “In Saxony-Anhalt we are focusing on electric mobility and making every effort to create a complete value chain for battery production. For this reason, we very much welcome the presence of AMG, an international player which aims to become the preferred supplier of lithium hydroxide for the European battery industry. We look forward to the construction of the plant starting, probably in the first quarter of 2022.”
AMG Lithium GmbH, which has its headquarters in Frankfurt am Main, announced the plan to construct a plant in Bitterfeld-Wolfen at the end of 2019. The company has its own spodumene plant in Brazil and has implemented a strategy to reduce its CO2 emissions. By constructing a plant in a central location at the heart of Germany, AMG aims to shorten its delivery routes.
More information can be found on the company's website: AMG Lithium.