Savannah Resources strikes agreement with ABB

30th Mar 2022 07:40

(Sharecast News) - Lithium developer Savannah Resources has struck a memorandum of understanding with technology outfit ABB as it progresses with its plans for a zero-emission lithium project in Europe.

Savannah said on Wednesday that it was undertaking a definitive feasibility study for the construction of its Barroso lithium concentrate production facility in northern Portugal as part of its commitment to move towards net-zero Scope 1 and 2 emissions for the project by maximising the use of renewable electricity to power mineral production and processing operations.

The AIM-listed firm stated that under the early-stage agreement, ABB will apply its technical expertise to outline production control and process solutions for lithium concentrate production and integrated spodumene mining operations in line with Savannah's target of zero-emission operations by 2030.

Savannah will also work towards binding agreements with ABB in relation to electrification, automation and digital solutions in the future.

Chief executive David Archer said: "ABB is at the forefront of the automation and electrification we require for our decarbonisation journey as we progress the development of the Barroso Lithium Project. We are pleased to have their expertise as we continue to execute on our decarbonisation strategy to build Europe's first spodumene production facility, as a critical supplier of low carbon raw materials for lithium-ion batteries."