UAE Business: Lepidico to set up $95m lithium plant in UAE’s Kizad – Gulf Digital News

UAE Business: Lepidico to set up $95m lithium plant in UAE’s Kizad – Gulf Digital News

Lepidico Ltd, a global lithium exploration and development firm, will set up the first lithium production facility in the Middle East at UAE’s Khalifa Industrial Zone Abu Dhabi (Kizad) investing AED348 million ($95 million).

Utilising a first of its kind design process, the facility covers a land area of 57,000 sq m and the first phase of which will house clean-tech L-Max and LOH-Max process technologies.

For this Kizad, a subsidiary of AD Ports Group’s Industrial Cities & Free Zone (IC&FZ) cluster, has announced the signing of an agreement with Lepidico. 

The vertically integrated Phase 1 Project (P1P) comprises two small scale open-pit mines that will feed a mineral concentrator in Namibia, following which the lepidolite concentrate will be shipped to the facility being developed in Kizad via Khalifa Port. 

An innovative developer of sustainable lithium hydroxide and chemicals for the 21st century, Lepidico plans the investment for the chemical conversion plant in Abu Dhabi for an initial term of 25 years, which will employ the company’s proprietary process technologies, L-Max and LOH-Max. 

The project is a significant step forward in developing a sustainable lithium hydroxide industry and supports the global clean energy revolution.

The process extracts lithium