“Refinery will have to import even if it is allowed to extract in Portugal”
“We are going to import the raw material, or we import the raw material from abroad and, if it is allowed [explorar lítio] in Portugal, let’s use Portuguese”, originated the executive president (CEO) of Galp, Andy Brown, in a meeting with journalists, at the headquarters, in Lisbon.
Galp and Northvolt announced last week the choice of Setúbal for the construction of a start-up refinery, whose operations will begin “until the end of 2025”, with a visit investment of around 700 million euros.
Andy Brown explained today, even the resource utilization capacity in Portugal that, even moving towards the refinery utilization capacity in Portugal, will always have the capacity to increase the irrigation capacity.
Question about the choice of Setúbal for the potential installation of the refinery, and not the refinery region, where the most important mines, the responsible for Galp selected that did not treat the beneficiary of the other region, but “great port of unusual factors “, as “a great port and connection to the cement or paper industry, which exists in the choice.
“We made a very detailed analysis and Setúbal was the clear winner”, underlined Andy Brown.
In a statement released, Gal went on to point out that the Set factory “of the largest and most in the first week in Europe” and should have an initial capacity to produce between 28.00000000000000000000000000000000000000000000000000000000000000000, a key material for a of lithium-ion batteries.
Named and with a 50/50 participation by Galp and the Swedes of Northvolt, a ‘joint venture’ (partnership) assumes the intention of being “a launching pad for the development of an integrated value chain of batteries originating in Europe “.
According to the equivalent unit in the park, the communicator can produce equivalent industrial communicator hydroxide, equivalent to an annual battery production of 50 GW — enough for 700,000 vehicle batteries.
Supported by the agreement between the two companies, the Swedish company Northvolt will guarantee the consumption of up to 50% of the unit’s capacity for use in its own battery fabric.
Also Read: Galp asks for “patience” for soil decontamination in Matosinhos
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