Titan Lithium Announces AED 5 Billion (USD 1.35 Billion) Lithium Processing Plant in KEZAD
Khalifa Economic Zones Abu Dhabi, a leading operator of integrated economic zones, and UAE-based Titan Lithium have entered into a 50-year land lease agreement to build a cutting-edge lithium processing facility in the Khalifa Industrial Area. With an investment of AED 5 billion (USD 1.35 billion) from Titan Lithium, the project is set to be developed in three phases, marking a pivotal moment in the UAE's journey to becoming a significant player in the global lithium processing industry.
The plant, covering 290,000 square meters, will focus on producing battery-grade lithium carbonate and lithium hydroxide, catering to battery manufacturers and electric vehicle OEMs worldwide. This development is in line with AD Ports Group's strategy to engage in the automotive industry's entire supply chain, offering comprehensive logistics solutions from production to end consumer.
Upon completion, the facility will import around 150,000 tonnes of lithium annually from Titan Lithium's mines in Zimbabwe for processing at the adjacent Khalifa Port. This initiative showcases the AD Ports Group's ecosystem in Abu Dhabi, highlighting the collaborative benefits and revenue synergies of this significant development within one of its five vertically integrated clusters.
Vaibhav Jain, Founder and President of Titan Lithium Industries Ltd, remarked on the investment's broader implications for Abu Dhabi and the global environment, positioning the UAE, particularly Abu Dhabi, as a central hub in the lithium processing sector.
