Abu Dhabi [UAE], February 13 (ANI/WAM): Khalifa Economic Zones Abu Dhabi (KEZAD Group), the largest operator of integrated and purpose-built economic zones, and UAE-based Titan Lithium have announced the signing of a 50-year land lease agreement for the establishment of a state-of-the-art lithium processing plant in Khalifa Industrial Area (KEZAD Al Ma’mourah).
To be developed in three stages with AED 5 billion in investment by Titan Lithium, the plant will produce battery-grade lithium carbonate and lithium hydroxide for battery makers and electric vehicle OEMs around the world. Spanning over 290,000 square metres, the plant represents a critical turning point in the UAE’s development as a key force in the worldwide lithium processing market.
It also reinforces AD Ports Group strategy to be involved across the entire supply chain in the automotive industry with end-to-end logistics solutions, from the factory to the end customer.
Once established, the plant will be importing approximately 150,000 tonnes of Lithium annually from its mines in Zimbabwe for processing through the adjacent Khalifa Port. This is a clear illustration of AD Ports Group symbiotic ecosystem built in Abu Dhabi, whereby the whole ecosystem benefits through revenue synergies from a significant development for one of the five vertically integrated clusters.
Mohamed Al Khadar Al Ahmed, CEO of KEZAD Group, said, “The establishment of the lithium processing plant aligns with the UAE’s broader goals of innovation and sustainable development, as well as KEZAD Group’s goals for sustainable development. It is an extension of synergies announced during COP28 in the UAE, and the vision of the leadership of the country.
