Lifthium Energy continues to lay the groundwork for its industrial project

Lifthium Energy signed a contract with the State, under the Temporary Crisis and Transition Framework scheme, led by AICEP, relating to the industrial project in Estarreja. The contract provides for an incentive of €180 million to support the construction of a lithium refinery.

This signing is part of a phased development of the project, which continues to follow the usual criteria of technical, commercial and financial viability. Over the last two years, the lithium market and the European industrial context have become significantly more challenging, reinforcing the need for discipline, rigour and prudence in conducting the process.

"We are moving forward with rigour and prudence. This incentive is very important for the project, but the focus remains on creating the necessary conditions to move on to the next phase," says Duarte Braga, CEO of Lifthium Energy.

The Lifthium project is based on the development of proprietary lithium refining technology, designed from the outset to meet the environmental and industrial requirements of the European market. It is a technologically advanced solution, geared towards process efficiency, reducing the environmental footprint, promoting circularity and responsible integration into the battery value chain, in an increasingly demanding regulatory context.

This technological effort, developed with national and international teams and supported by continued investment in R&D, is one of the project's main assets. It is also a central element in Lifthium's positioning with potential industrial and financial partners, at a time when competitiveness, sustainability and technological robustness are determining factors for any long-term decision.

The next step will focus on seeking and negotiating a strategic partner, as well as consolidating market and financing conditions that will support a robust investment decision.

"The goal is to establish commercial, strategic and financial partnerships that support a solid and sustainable long-term decision," adds Lifthium's CEO.