Plans to bring the UK's first lithium hydroxide plant to Teesside Freeport have taken a step forward.
Sembcorp Energy UK (SEUK) has signed an exclusivity agreement with Alkemy Capital Investments plc, whose wholly-owned subsidiary Tees Valley Lithium Ltd intends to build a processing plant at Wilton International.
The six-month exclusivity deal - worth £50,000 - means Tees Valley Lithium could establish a facility to process chemicals used in electric vehicles batteries, subject to a feasibility study and a formal lease for the 20-acre plot.
