Rock Tech Lithium Partners with GEA for Key Equipment in Guben Lithium Converter
Rhea-AI Summary
Rock Tech Lithium (RCKTF) has formed a strategic partnership with GEA Group AG to supply crystallization and zero-liquid discharge systems for its Lithium Converter in Guben, Germany. The agreement follows successful test works and will enable the production of 24,000 tons of battery-grade lithium hydroxide monohydrate annually.
The partnership comes after two and a half years of selection, technical specifications, and negotiations. GEA brings extensive process knowledge and market expertise, having supplied technology for multiple lithium projects globally, including facilities in Argentina, South Korea, Europe, and Australia.
The formal contract signing is pending the project's Final Investment Decision (FID), with technical and commercial terms already agreed upon. The collaboration aims to establish an automated, continuously operating Lithium Converter in Europe, marking a significant step in Rock Tech's vision to supply the electric vehicle and battery industry with sustainable, locally produced Lithium.
Positive
- Partnership with established global leader GEA Group enhances project credibility
- Successful completion of test works validates technology feasibility
- Large production capacity of 24,000 tons annually of battery-grade LHM
- Advanced automation solutions enable continuous lithium production
Negative
- Final Investment Decision (FID) still pending
- Contract not yet formally signed
- Project timeline and costs not disclosed
- Rock Tech Lithium partners with GEA Group AG, a global leader in process technology, to supply crystallization and zero-liquid discharge systems for its Lithium Converter in Guben,
Germany . - Test works are successfully completed, paving the way for the procurement of crystallizers essential for battery-grade lithium hydroxide production.
- Technical and commercial terms are agreed, with the contract's formal signing pending the project's Final Investment Decision (FID).
Following two and a half years of an intensive selection process followed by technical specifications and negotiations, Rock Tech has successfully completed test works with GEA to procure crystallizers essential to produce 24,000 tons of battery-grade LHM annually. This equipment contract is a significant step to establish an automated and continuously operating Lithium Converter in
"Finalizing the commercial and technical contract conditions is a key milestone, ensuring clarity, minimizing risks, and enabling efficient execution. We are pleased to have reached this milestone with such a reputable partner as GEA, establishing a strong foundation for successful collaboration," says Frank Spellier, Rock Tech's Head of Engineering.
The cooperation with GEA ensures that Rock Tech benefits from the company's extensive process knowledge, market expertise, and technical capabilities. In the past few years GEA has contributed to key lithium crystallization projects globally. Among others, GEA supplied technology for a lithium hydroxide plant in
As Rock Tech progresses toward the finalization of the contract, preparations are in place to integrate GEA's high-automation solutions, allowing continuous lithium production at the Guben site.
ABOUT ROCK TECH
Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced Lithium, targeting a
ABOUT GEA
GEA is one of the world's largest suppliers of systems and components to the food, beverage and pharmaceutical industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components and comprehensive services. For instance, every second pharma separator for essential healthcare products such as vaccines or novel biopharmaceuticals is produced by GEA. In food, every fourth package of pasta or every third chicken nugget are processed with GEA technology. With more than 18,000 employees, the Group generated revenues of about
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CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking information pertaining to expectations concerning the Guben Converter, including the design and features of the Guben Converter, as well as the expected costs, capital expenditures, timing and outcomes thereof; statements regarding the Company's future plans, estimates, and schedules relating to the Guben Converter, including the anticipated timing of future activities taken in support of the development thereof; Rock Tech's potential financing arrangements; the expected economic performance of the Guben Converter and anticipated production of battery-grade Lithium Hydroxide and related processing methods employed; the estimated capital and operating costs of the Guben Converter; the anticipated timing and outcomes of a final investment decision, construction activities and commissioning of the Guben Converter; statements regarding the Company's sustainability and ESG related goals and strategy, including the benefits and achievement thereof and future actions taken by the Company in relation thereto; expected regulatory processes and final outcomes; expectations regarding the electric vehicle industry, including the demand for and pricing of battery-grade Lithium Hydroxide and the benefits therefrom, and the development of political and regulatory frameworks especially in
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SOURCE Rock Tech Lithium Inc.