Infinity Lithium, thyssenkrupp to assess green hydrogen potential in lithium production
Reuters
Published Dec 05, 2021 23:34
(Reuters) - Australia's Infinity Lithium Corp Ltd said on Monday it will collaborate with a unit of Germany's thyssenkrupp AG to explore the use of green hydrogen in producing lithium.
Green hydrogen is produced by splitting water molecules with renewable electricity and is seen as a way for heavy-emission industries such as mining and aviation to decarbonise.
The collaboration comes as lithium, an essential component of electric vehicles (EVs), is becoming an increasingly important metal, with EV demand surging globally as countries race to meet emission targets and move towards cleaner modes of transportation.
The firms will begin a pilot at a thyssenkrupp facility in Germany, with potential for the technology to be integrated into Infinity's San José lithium project in Spain, the Australian company said.
The company signed a supply agreement in June with South Korea's LG Energy Solution to supply battery-grade lithium hydroxide from the same project.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.