RCS - Green Lithium - InoBat & Green Lithium agree strategic partnership

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07/06/2022 08:45

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RNS Number : 9127N  Green Lithium  07 June 2022

 

 

InoBat and Green Lithium agree strategic partnership to advance shared
sustainably ambitions

 

 

Bratislava/London, 7 June 2022: InoBat Auto ("InoBat"), a pioneering supplier
of batteries for electric vehicles, and Green Lithium, an innovative mineral
processing company progressing plans to build and operate the first
large-scale commercial lithium refinery in the UK, have agreed a strategic
partnership.

 

The partnership will see Green Lithium supply InoBat with battery-grade
lithium chemicals and the two companies collaborate to advance their shared
sustainability ambitions, bringing together InoBat's expertise in innovative
battery technology with Green Lithium's ability to increase, diversify and
secure the European supply of low-carbon battery-grade lithium chemicals - a
key raw material in the production of electric vehicle batteries.

 

Both InoBat and Green Lithium understand that battery manufacturing is only
sustainable if it covers the whole life cycle of batteries, from mining to
recycling. To support this endeavour, the two companies will work together to
accelerate the development of a "cradle-to-cradle" UK battery value chain,
from the provision of low-carbon lithium chemicals all the way through to the
recycling of batteries.

 

The partnership will also see InoBat and Green Lithium collaborate in working
with the relevant government authorities in the UK and the EU to achieve their
strategic business goals, including InoBat's ambition to expand its presence
in the UK and develop a network of gigafactories across Western Europe during
2024.

 

Marian Bocek, Co-Founder and CEO of InoBat Auto commented:

 

"InoBat and Green Lithium share ambitions for a greener world and this
agreement is an important step forward in our journey towards net zero. In
partnership with Green Lithium, we will accelerate the global rollout of green
battery technology using low-carbon, battery-grade lithium hydroxide to
create, what we believe, to be the most innovative and advanced batteries on
the market."

 

Sean Sargent, CEO of Green Lithium commented:

 

"Green Lithium's mission is to accelerate the adoption of electric vehicles
and sustainable energy storage by increasing the supply of low-carbon
battery-grade lithium chemicals. Achieving this mission requires the right
partners. In InoBat, we have found an organisation with whom we will not only
have a commercial supplier relationship, but one with whom we can work
together as part of a wider partnership to create a sustainable battery supply
chain and further our shared sustainability ambitions."

 

NOTES TO EDITORS

 

About InoBat Auto

InoBat Auto specialises in pioneering research, development, manufacture,
supply and recycling of innovative electric batteries custom-designed to meet
the specific requirements of global mainstream and specialist OEMs within the
automotive, commercial vehicle, motorsport, and aerospace sectors. InoBat's
provides innovative solutions across the entire value chain thanks to its
"cradle-to-cradle" approach, which showcases the concept of a circular
economy. InoBat is backed by a strong consortium of strategic investors and
partners such as Rio Tinto, Amara Raja, Ideanomics, IFC, CEZ, IPM Group,
Matador, AEN, CSG and Across. A European-based battery manufacturer, InoBat
already has a battery research and development facility and pilot line under
development in Slovakia. InoBat has also been approved for grant financing
under the EU sponsored programme, Important Projects for Common European
Interest, and already received a grant from the Slovak Government.

 

For more information and news on InoBat, please visit inobatauto.eu
(https://inobatauto.eu/)

 

About Green Lithium

Green Lithium is an innovative lithium processing company with plans to build
and operate a large-scale lithium refinery in the UK, and provide high-purity
lithium chemicals to UK and European markets. The company will harness
industry-leading process technology enabling clean, low-carbon processing of
high volumes of various raw material sources. At present, the battery-metal
supply chain is dominated by East Asia. There is no refining capability in
Europe despite a significant market opportunity. Working with key strategic
partners to address the need to improve the European battery-metal supply
chain, Green Lithium will support the net-zero ambitions of society to
transition to the future green economy.

 

For more information and news on Green Lithium, please visit
greenlithium.co.uk (http://www.greenlithium.co.uk)

 

Contacts

Katarina Stryckova and Gary Haddon, InoBat Auto:

katarina.stryckova@ipmllp.com

gary.haddon@inobat.eu

Green Lithium's Communications Office, Charlotte Street Partners:

charles.clegg@charlottestreetpartners.com

adam.shaw@charlottestreetpartners.com

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