Orocobre Limited Major new MOU signed with Prime Planet Energy & Solutions Inc.
PPES is a 51%/49% joint venture between Toyota Motor Corporation and Panasonic.
- PPES is a 51%/49% joint venture between Toyota Motor Corporation and Panasonic.
- The MOU requires Orocobre/SDJ/TTC/TLC to supply PPES up to 30,000 tonnes of lithium carbonate equivalent (LCE) per year by 2025 with initial deliveries commencing from 2021.
- It is expected the expanded Naraha lithium hydroxide plant will source primary grade lithium carbonate feedstock from the Olaroz Lithium Facility.
- Orocobre Managing Director and CEO, Mr Martn Prez de Solay said, This MOU is a major development for Orocobre and will underpin the current expansion of the Olaroz Lithium Facility.