Titan Lithium To Build AED5 Billion Lithium Processing Plant in KEZAD

Titan Lithium, a UAE-based lithium processing company, has signed a 50-year land lease agreement with Khalifa Economic Zones Abu Dhabi (KEZAD Group) to establish a lithium processing plant in Khalifa Industrial Area (KEZAD Al Ma'mourah) at an investment of AED 5 billion.

Upon completion, the plant, which will be developed in three stages, will be able to produce battery-grade lithium carbonate and lithium hydroxide for battery makers and electric vehicle OEMs (Original Equipment Manufacturers).

The land size will be more than 290,000 square meters and after development is completed, the plant will be able to import approximately 150,000 tons of Lithium every year from its mines in Zimbabwe via the adjacent Khalifa Port.

CEO of KEZAD Group Mohamed Al Khadar Al Ahmed said that this "establishment of the lithium processing plant aligns with the UAE's broader goals of innovation and sustainable development, as well as KEZAD Group's goals for sustainable development," WAM reported.

"It is an extension of synergies announced during COP28 in the UAE, and the vision of the leadership of the country," he added. "We welcome Titan Lithium Industries to KEZAD, and look forward to the project's significant contribution to the UAE's strategic vision of diversifying its economy and reinforcing its position in the global market."

Vaibhav Jain, Founder and President of Titan Lithium Industries Ltd pointed out that the facility is not just an investment in the future of Abu Dhabi and Titan Lithium Industries but it is also a step towards a better and sustainable future.

Jain explained that Lithium is the new oil and with the help of this project, Abu Dhabi will be able to position itself as a pivotal hub in the lithium processing domain.

This project will create numerous job opportunities, boost the local economy and put Abu Dhabi at the forefront of the lithium processing industry.

On a global level, all countries are shifting towards renewable energy and lithium is a crucial element in this transition. The plant will use cutting-edge technologies alongside top sustainable practices, prioritizing environmental responsibility.

Furthermore, the UAE - as a part of its commitment to achieve the net-zero emissions target - will be increasing its share of electric and hybrid vehicles to 50% of all sold vehicles by 2050.