Lifthium Secures €180M Grant from Portugal to Build Lithium Refinery
The Portuguese government awards a non-refundable grant to Lifthium Energy to develop refining capacity for the electric vehicle battery market, as part of the European industrial sovereignty strategy.
| Countries | Chine, Espagne, Portugal |
|---|---|
| Sector | Stockage énergie |
| Theme | Investissements & Transactions |
Lifthium Energy, a Portuguese company, has received a €180M ($210M) grant from the government to build a lithium refinery in Estarreja, northern Portugal, approximately 50 kilometers south of Porto. This non-refundable aid falls under the European Union’s Temporary Crisis Framework, which authorizes state incentives to accelerate green and industrial transformation. The facility would target the electric vehicle battery market.
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