Tees Valley Lithium: Publication of Impact Report
Alkemy Capital Investments Plc announced that its subsidiary, Tees Valley Lithium (TVL), has published an Impact Report detailing the anticipated economic, environmental, and social contributions of its proposed lithium hydroxide refinery. The project involves a capital investment of approximately US$243 million (£185 million) and is projected to generate £2.1 billion in Gross Value Added over 25 years, with £1.0 billion specifically for the Tees Valley and North East region. The report highlights significant environmental benefits, including annual GHG emissions avoidance and CO2 savings compared to alternative refining methods, with 100% renewable electricity usage from inception. Furthermore, the project is expected to support approximately 1,700 jobs, with a focus on roles suitable for non-graduates and paying above the local median salary.
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Alkemy Capital Investments plc (LSE: ALK) is pleased to announce that its wholly owned subsidiary, Tees Valley Lithium ("TVL"), has published an Economic, Environmental and Social Impact Report (the "Report") setting out the anticipated contribution of its proposed lithium hydroxide refinery at Billingham, Teesside.
The Report is based on previously disclosed project parameters, including TVL's planned capital investment of approximately US$243 million (£185 million) and is being released following the completion of the preliminary independent Life Cycle Assessment.
TVL's refinery is projected to generate £2.1 billion in Gross Value Added over 25 years, representing more than £11 of economic value for every £1 of capital invested, with a substantial share retained in the Tees Valley and the wider North East.
Highlights of the Report include:
| £185m Private capital investment in the Billingham facility | £2.1bn Total UK GVA contribution over 25 years (nominal) | £1.0bn Tees Valley / NE GVA contribution over 25 years (discounted) |
| 1.06m tpa GHG emissions avoided annually by enabling the switch from ICE to EV | 300,000t CO 2 saved per year vs Chinese-refined LHM from hardrock feedstock | 100% Renewable electricity from day one |
| ~1,700 Jobs supported across construction and operations | ~80% Of direct operational roles suitable for non-graduates | 100% Of operational roles paying above the Tees Valley median salary |
The Report reflects the findings of TVL's Front-End Engineering Design ("FEED") study, previously announced on 3 February 2026, and incorporates the Company's site location in Billingham, including the surrounding port, utilities, and chemical cluster infrastructure, which are identified as key enablers for the project.
The Report highlights the alignment between TVL's Billingham facility and a number of UK Government policy priorities, including the UK Critical Minerals Strategy's objective of building domestic processing capacity for battery materials, the Zero Emission Vehicle mandate's requirement for 100% of new car sales to be zero-emission by 2035, and the Government's wider industrial strategy and levelling-up agenda for the North East and Tees Valley.
The projections set out in the Report are illustrative of the Company's current development plans for Train 1, are not a profit forecast, and remain subject to, inter alia, the completion of financing arrangements and a positive final investment decision.
The full report can be downloaded Company Presentations
TVL CEO Vikki Jeckell commented:
"With our FEED study and initial Life Cycle Assessment now complete, this Report gives the clearest picture yet of what TVL's Billingham facility means in practice: over £11 of economic value for every £1 invested, close to 1,700 jobs across construction, operations and supply chain, and a facility designed from day one to be among the lowest-carbon lithium hydroxide producers anywhere in the world. We believe TVL represents a genuinely additive opportunity for the Tees Valley, the wider North East, and the UK's critical minerals strategy, and we look forward to continuing our progress."
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