CCZ 20.0% 0.6¢ castillo copper limited

Proposed 15GWh battery plant in Townsville

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    Saw this announcement on MNS which would be a positive for budding cobalt plays with assets in Queensland. A 15GWh facility would need several thousand tonnes of cobalt if it is going to pump out 250k car batteries per year. Great for CCZ perception wise at this early stage if a captive prospective client is close at hand!

    GLOBAL CONSORTIUM BACKS AUSTRALIAN SUSTAINABLE ENERGY SECURITY CONSORTIUM TO INVESTIGATE THE FINANCIAL VIABILITY OF BUILDING A 15GWH BATTERY MANUFACTURING PLANT IN TOWNSVILLE

    An Exclusive MoU with Townsville City Council to investigate the Financial Viability of building a 15GWh Battery manufacturing plant in Townsville has been signed with Boston Energy and Innovation (BEI) led Consortium Chaired by Mr Bill Moss AO.

    BEI is an ethical investment house specializing in the establishment of sustainable energy storage solutions in an environmentally sustainable manner to curb future energy problems faced by countries worldwide.

    BEI Director Corey Cooney commented: "The construction of a 15GWh manufacturing plant has the ability to create and underpin the manufacturing industries of the future.” BEI Chairman Bill Moss AO commented: “This is a strategic step for Australia to be a world leader on the battery frontier and to ensure energy security of our nation." Townsville Mayor Cr Jenny Hill commented: “This proposal if it comes off will be the biggest single stimulus for jobs and economic development in Townsville in decades.” Once in full production the 15GWh manufacturing facility can produce either 250,000 car batteries per annum (up to 400kms range) or one million home battery units or support 300 microgrids to power small towns.

    The BEI Consortium is committed to transforming Australia’s energy security by pledging the new batteries will be cost competitive, better performing, a sustainable supply chain, environmentally friendly and an alternative to current major energy suppliers.

    The project will also have tremendous benefits to the community of Townsville with up to 1,000 direct jobs in the manufacturing facility and an additional 1,000 new jobs in the direct support businesses with up to 5,000 new jobs in downstream original equipment manufacturing.

    The BEI consortium includes:
    -ASX Listed Magnis Resources Sydney
    -NYSE Listed Eastman Kodak Company Rochester NY
    -C4V LLC New York
    -C&D Assembly Incorporated New York

    The Advisory Panel Chaired by Bill Moss AO includes:
    • Distinguished Professor M. Stanley Whittingham: The inventor of the Lithium Ion Battery
    • Dr Shailesh Upreti: An expert in the field of Lithium-ion batteries
    • Dr Ulrich Helmut Bez: The former Chairman and CEO of Aston Martin for over 14 years.
    • Dr Frank Houllis: Expert in metallurgical processing

    Magnis Resources, will be providing anode materials and technologies using its high-quality graphite.

    Eastman Kodak and C4V will provide the cathode material and manufacturing expertise.

    C&D Assembly, Inc. will provide the Lithium-ion battery management systems.
 
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