Hochtief subsidiary UGL wins US$393m in lithium and energy contracts in Australia
09 August 2023
UGL, a subsidiary of German construction giant Hochtief, has won lithium and energy contracts in Western Australia worth A$600 million (US$393 million).
The contracts include the provision of construction services at a lithium hydroxide plant near Bunbury, Western Australia for Albemarle, which will generate revenue for UGL of over A$300 million (US$196.9 million).
Image: UGL
UGL, a subsidiary of German construction giant Hochtief, has won lithium and energy contracts in Western Australia worth A$600 million (US$393 million).
The contracts include the provision of construction services at a lithium hydroxide plant near Bunbury, Western Australia for Albemarle, which will generate revenue for UGL of over A$300 million (US$196.9 million).
Albemarle is expanding its operations by constructing two additional processing trains at its Kemerton plant, to increase production to up to 100,000 metric tonnes per annum of lithium hydroxide, supporting the manufacturing of an estimated 2.4 million electric vehicles annually.
UGL has also secured four energy supply contracts in Western Australia that will generate revenue of A$300 million.
Hochtief CEO Juan Santamaría said, “We are proud to grow our presence in Western Australia and to play a part in expanding high tech infrastructure and lithium refining in Australia, by contributing to the construction of one of the world’s largest lithium production facilities. This important compound is used for the electrification of transport, which is aligned with our focus on sustainable mobility.”
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
CONNECT WITH THE TEAM
