Consolidate its position in the global electric vehicle battery industry
TAIPEI, September 20, 2022 /PRNewswire/ — The Northern Territory Government has signed a memorandum of understanding with Taiwanese company Aleees and Perthbased at Avenira Ltd, to develop and operate the Territory’s first battery cathode manufacturing plant in Darwin.
An important economic and strategic opportunity for the Northern Territory, the plant will manufacture lithium iron phosphate (LFP) battery cathode material.
It is estimated that the project will initially create 100 jobs, growing to 1,000 jobs and generating over 4 billion US dollars of annual revenue once scaled up to full production.
Lithium cathode material is a critical active material used in electric vehicle battery or energy storage battery which determines battery capacity, safety and durability.
The MoU outlines how the Territory Government, Alees and Avenira will work together to reach a final investment decision on a pilot facility, with the FID expected in early 2023.
The government will also work proactively with Aleees Group, Avenira and its supply chain partners to identify a suitable site in Darwin for the installation.
Once operational, the pilot facility will manufacture up to 10,000 tonnes of lithium-iron-phosphate battery cathode material per year.
The MoU further supports the development of manufacturing facilities of up to 200,000 tonnes per annum, built in phases in Darwin over the next 10 years. The main facility will source phosphoric acid exclusively from the Wonarah phosphate project in the Barkly.
Quotes attributed to the Chief Minister Natasha Fyles:
“Today’s announcement is an important economic and strategic opportunity for the Northern Territory.
“The growing demand and shift towards renewable energy, battery storage and the use of high-tech products has led global organizations to seek to establish diverse, reliable and stable supply chains.
“The project will position the territory as Australia’s next hotbed for advanced manufacturing, develop new skills and jobs, and support our goal of achieving a $40 billion economy by 2030.
“With the potential to create 1,000 jobs, this project will benefit Top End Territorians in Barkly with the manufacturing plant to be built in Darwin, which will source phosphate exclusively from the Wonarah Phosphate Project in Barkly.”
Quotes attributed to the Minister of Renewable Energy and Energy, Selena Uibo:
“Our future is renewables – that’s why we continue to support and invest in projects like this lithium battery (or cathode) materials manufacturing facility.
“We are ensuring the territory has clean and efficient energy to help meet our renewable energy and net zero emissions goals.
“This project will create local employment opportunities and strengthen the territory’s reputation as a renewable energy destination.”
Quotes attributed to Brett ClarkExecutive Chairman, Avenira Limited
“We are proud to enter into this Memorandum of Understanding alongside Aleees and the Northern Territory Government as we work together on a lithium iron phosphate (LFP) battery cathode manufacturing facility.
“This MOU opens the door for Avenira to learn from Alees about LFP battery cathode manufacturing technology and leverage this experience to optimize phosphoric acid production from the Wonarah Project.
“The commitment of the Northern Territory Government to the Memorandum of Understanding is appreciated and we look forward to their help and guidance.
Quotes attributed to brandon chang, Chairman, Aleees AU Pty Ltd. on behalf of Advanced Lithium Electrochemistry Co., Ltd.
“This decision has a very significant impact on strengthening the lithium battery supply chain around the world.
“This cooperation strengthens the development of the lithium battery industry in Australiapromoting the development of high-tech green energy.
“One of the most exciting opportunities created by renewable energy technologies such as cathode materials is the ability to change the sustainability of the world.