The National Brazilian Bank for Economic and Social Development has made a binding commitment to provide Sigma with the funds, which will allow the company to build a second Greentech carbon-neutral plant.
With the new plant, Sigma will be able to boost it annual output of Quintuple Zero Green Lithium from 270,000 metric tons to about 520,000 metric tons. “Quintuple Zero” refers to the product’s five key environmental attributes: zero carbon emissions, zero use of potable water, zero hazardous chemicals, zero tailings dams and zero use of dirty power.
Located in Minas Gerais, Brazil, Grota do Cirilo is already considered one of the largest lithium operations in the world. Phase 1 operations began commercial production in the second quarter of 2023.
The expansion is expected to enhance the company’s ability to meet growing demand for lithium, particularly from the electric vehicle sector, while maintaining its alignment to global standards for sustainability.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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