Release date: 11 October 2022
Promoter – Financial Intermediary
ROCK TECH LITHIUM INCLocation
Description
The project concerns the construction of the first commercial plant in Europe (Guben, Germany) to produce lithium hydroxide, one of the key material used for electric vehicle battery manufacturing.
Objectives
The EIB financing supports the creation of capacities to produce one of key components of electric vehicle batteries, hence enabling the EU's green transition.
Comments
Subsector: Manufacture of basic metals and manufacture of fabricated metal products
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 560 million
Environmental aspects
The project concerns capital investments for the production of lithium hydroxide compound, falling under the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU. All environmental, health and safety aspects including environmental and operational authorisations will be reviewed during the due diligence process
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to the EU public procurement legislation then the Bank would duly inform the European Commission Services and would require the promoter to apply those rules.
Status
Under appraisal - 27/07/2022
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).