INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Middle East’s first lithium production facility to come up at KIZAD

Middle East's first lithium production facility will be set up at KIZAD.
  • The $95 million will be set up by Australia's Lepidico at the eco-friendly, zero-waste facility.
  • Lepidico's special process extracts lithium and recovers valuable byproducts from lithium-mica and phosphate minerals.

The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of AD Ports Group’s Industrial Cities & Free Zone (IC&FZ) cluster.

The facility will be built by Australia’s Lepidico Ltd, a global lithium exploration and development company. Lepidico will be deploying a first-of-its-kind designed process in the building of the plant.

Covering an area of 57,000sqm, the first phase of Lepidico’s development for the AED348 million ($95 million) chemical plant will house clean-tech L-Max and LOH-Max process technologies.

The process extracts lithium and recovers valuable byproducts from lithium-mica and phosphate minerals. As an eco-friendly, zero-waste facility, the residue, predominantly gypsum, will be repurposed for use in the construction industry.

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.

Abdullah Al Hameli, Head of Industrial Cities & Free Zone Cluster, AD Ports Group, said, “The project is a critical enabler for developing an electric vehicle supply chain in the Middle East.”

Joe Walsh, Managing Director, Lepidico, said, “In our endeavor to develop a sustainable lithium industry, we plan to integrate social, economic, environmental, and health and safety opportunities as part of the project design criteria and strive for a zero-waste process through our innovative and proprietary technologies.”