Piedmont Lithium and Atlantic Lithium | September 28, 2022
Piedmont Lithium a leading global developer of lithium resources critical to the U.S. electric vehicle supply chain announced that Atlantic Lithium has completed a prefeasibility study for Piedmont’s Ghana Project - Atlantic Lithium’s flagship Ewoyaa project located in the Cape Coast region of the country. The PFS demonstrates a production target for the Ghana Project of approximately 255,000 tons per year of 6% lithium spodumene concentrate over a 12.5-year mine life from Ore Reserves of 18.9 million tons at 1.24% Li2O.
Estimated capital costs for the project increased as part of the PFS. However, Atlantic Lithium expects operating expenditures at the planned production plant to decrease. CAPEX increased from US$70 million to US$125 million. Of the increase, US$27 million is attributed to Atlantic Lithium’s decision to bring crushing in-house for improved operational control and reduced lithium losses.
Piedmont Executive Vice President and Chief Operating Officer Patrick Brindle said he was pleased with the results of the PFS as Piedmont continues to advance plans across its global portfolio of assets. “We expect the project in Ghana to play a critical role in our ability to ramp up production of lithium hydroxide in the United States. This proposed operation is underpinned by high-grade mineral resources, critical infrastructure, access to a deep-water port, and available labor,” explained Brindle. “The study also highlights Atlantic Lithium’s plans related to community engagement and environmental stewardship. The combination of robust economics and commitment to best-practices strengthens our Ghana Project’s position as an industry-leading asset, and we couldn’t be more excited for our partners at Atlantic Lithium.”
Piedmont is earning a 50% interest in Atlantic Lithium’s spodumene projects in Ghana. This agreement includes an offtake agreement for 50% of annual production at market prices on a life-of-mine basis. Piedmont also owns a 9.4% equity interest in Atlantic Lithium.
With the completion of the PFS, the Ghana Project will now advance to the next stage of studies and permitting. Exploration and infill drilling continue as Atlantic Lithium works to submit a mining license application and scoping level environmental and social impact assessment report to the Ghanaian government as next steps.
Atlantic Lithium is working toward a targeted first production of spodumene concentrate in Q3 2024, subject to receipt of a mining license within Q3 2023 and the project meeting all other statutory requirements.
When the Ghana Project is operational, Piedmont plans to import spodumene concentrate from the project to supply the Company’s newly announced Tennessee Lithium project for conversion to lithium hydroxide. The Ghana Project is near the deep-water port of Takoradi, which provides the benefit of simple transport logistics for bringing the material to Piedmont’s Tennessee plant.
Atlantic Lithium has several mechanisms to ensure the sustainable and effective implementation of health, safety, and environmental priorities for both employees and the community surrounding the Ghana Project. This includes documented plans, agreements, toolkits, and registers. Atlantic Lithium has actively engaged community members throughout the development of the project and will continue to do so to educate and inform on project plans, address concerns, and share local employment opportunities.
The statements in the link below were prepared by, and made by, Atlantic Lithium. The following disclosures are not statements of Piedmont and have not been independently verified by Piedmont. Atlantic Lithium is not subject to U.S. reporting requirements or obligations, and investors are cautioned not to put undue reliance on these statements. Atlantic Lithium’s original announcement can be found here.
About Piedmont Lithium
Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Québec with Sayona Mining and in Ghana with Atlantic Lithium. These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage.
SCIENCE AND RESEARCH
AirCarbon Exchange | November 22, 2022
AirCarbon Exchange the global exchange revolutionizing the Voluntary Carbon Market is pleased to announce a partnership with the American Carbon Registry a nonprofit enterprise of Winrock International and a leading carbon offset registry program, to offer Emission Reduction Tons on the ACX Platform.
Through this partnership, ACR Account Holders can offer ERTs on ACX's Auctions platform and also facilitate back-to-back Over-the-Counter transactions through ACX. The partnership allows for ACX Members who do not have ACR Account to access ERTs for their carbon asset management. At the same time, this partnership offers ACR Account Holders more opportunities to reach new clients and routes to sell ERTs through the direct link to ACX's international member list of over 150 members.
"ACR is excited to link with ACX to expand market access to ERTs as voluntary carbon market demand continues to grow. We are pleased to facilitate the opportunity for ACR Account Holders to offer and transact their credits with a wider range of market participants via the ACX platform."
Lauren Nichols, ACR Managing Director
William Pazos, Managing Director and Co-Founder of ACX said, "We are pleased to announce the partnership with ACR and create a direct connection between ACR Account Holders and ACX Members. We look forward to working closely with the ACR team to broaden the carbon offerings available to ACR and ACX members in the future to enable broader carbon market participation."
About AirCarbon Exchange
AirCarbon Exchange is a global exchange revolutionizing the voluntary carbon market. The Exchange's client base comprises corporate entities, financial traders, carbon project developers and other industry stakeholders. ACX provides its participants with an efficient and transparent trading platform which is easy to use, frictionless and with the lowest transaction fees available on the market. Its underlying distributed ledger technology will allow the carbon market to scale efficiently to meet global ambitions of Net Zero.
ACX was recognized as the Best Carbon Exchange globally in Environmental Finance's prestigious Voluntary Carbon Market Rankings, the largest and most closely watched survey of the world's Voluntary Carbon Market, for two consecutive years (2021, 2022). ACX was also named as the 'Best Solution in Energy Trading' by Wired UK and Publicis Sapient at their Global EnergyTech Awards, which spotlighted the companies that are 'Winning the Race to Reinvent Energy'.
Technip Energies | October 17, 2022
Yuri Sebregts, Executive Vice President of technology of Shell, said: of collaboration by strengthening their strategic alliance, which aims to drive cost-effective, large-scale carbon capture and storage (CCS) projects by providing a combination of state-of-the-art technology and project management excellence.
The strategic alliance consists of an integrated collaboration for the joint promotion, marketing, licensing and execution of projects using Shell’s CANSOLV(1) CO2 capture system technology, resulting in lower Capex and Opex for clients.
The two organizations, which have been working together since 2012, share a common objective of contributing to the acceleration of the energy transition. By enhancing their collaboration, they have the ambition to efficiently address the rapidly growing CCS market and the strong need for affordable and proven solutions.
In addition to its CANSOLV technology, Shell Catalysts & Technologies brings to the alliance substantial CCS experience gained from supporting Shell’s projects. Technip Energies, which also has a significant CCS track record, brings end-to-end project delivery experience in front-end-engineering design (FEED), engineering, procurement and construction (EPC), commissioning and start-up, and life-of-asset services. As an example of this collaboration, Technip Energies was recently awarded an EPC contract by Hafslund Oslo Celsio for a world-first CCS project at waste to energy plant located in Oslo, Norway, leveraging Shell’s CANSOLV(1) CO2 capture system technology.
Arnaud Pieton, CEO of Technip Energies, stated: “Both organizations are recognized global energy leaders, bringing complementary skills for CCS and sharing a similar, bold energy transition vision. Strengthening our collaboration will help to drive CCS affordability by developing industrial-scale solutions. This will support the growing demand for CCS across industries and geographies and will help us to make a significant contribution to a sustainable future.”
“Our current cooperation has already unlocked several highly significant improvements. For example, we were able to find ways to make the CANSOLV technology less energy intensive and developed opportunities to modularise and standardise solutions. Consequently, we are able to offer lower capital and operating costs to our customers.”
Yuri Sebregts, Executive Vice President of technology of Shell
In June 2022, Technip Energies joined Shell’s Energy Transition Campus Amsterdam (ETCA) to form a joint, co-located delivery team. This followed Shell’s move to transform the site, previously known as Shell Technology Centre Amsterdam, into an open innovation campus and to invite external parties to co-locate there and work together on solutions for cleaner energy. Over the next few years, the joint team stationed at ETCA will continue to work towards achieving strong improvements in cost reduction through joint value delivery and improvement programs.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
About Shell Catalysts & Technologies
Shell Catalysts & Technologies, part of Shell, is a leading technology licensor and brings owner–operator–innovator–capabilities to the market. It has more than 1,200 references for gas processing technologies at gas plants and refineries worldwide.
It supports Shell and non-Shell businesses by working with them to cocreate integrated, customised solutions comprising licensed technologies, refining and petrochemical catalysts, and technical services.
It was formed by combining Shell Global Solutions, a technology licensor with a track record of delivering pioneering process schemes and innovative configurations; Criterion Catalysts & Technologies, the world’s largest hydroprocessing catalyst supplier; and CRI Catalyst Company, a pioneer in the petrochemical catalyst sector.