GLPEY Scraps Lithium Refinery Project Following Northvolt's Withdrawal

Galp Energia SGPS SA (GLPEY) , a Portuguese energy firm, has scrapped its plans to build the Aurora lithium refinery on the Portuguese coast in Setubal. The decision followed its failure in finding a partner to invest in the project after its previous partner in the venture, Northvolt AB, decided to quit. Details of the Partnership Northvolt AB, a Swedish battery developer and manufacturer, and Galp Energia had formed a 50-50 joint venture in 2021 to develop the lithium processing facility. However, at the ...