Townsville welcomes funding for lithium-ion battery facility feasibility study
The Queensland Government has made good its election promise to provide $3.1 million in funding for the feasibility study for the proposed lithium-ion battery plant in Townsville.
The proposed $2 billion project is the subject of a MOU signed this month between the City of Townsville and the Imperium3 consortium, which comprises Magnis Resources Limited, C4V LLC New York, C&D Assembly, Inc. and Boston Energy and Innovation.
Once in full production the 15GWh manufacturing facility would be capable of producing 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 project will create up to 1000 direct jobs in the manufacturing facility and an additional 1000 new jobs in the direct support businesses with up to 5000 new jobs in downstream original equipment manufacturing.
The consortium will be a vertically integrated group of companies from mining to manufacturing, delivering some of the world’s most technologically advanced batteries.
The plant will be built at Woodstock after Townsville City Council last year, agreed to partner with the consortium and provide the land for the advanced manufacturing plant.
Magnis Resources will be providing anode materials and technologies using its high-quality graphite. Eastman Kodak and C4V, a knowledge company possessing critical insight related to optimum performance of lithium ion batteries will provide the cathode material and manufacturing expertise. C&D Assembly, Inc. will provide the Lithium-ion battery management systems.
The Townsville City Council recently announced it would withdraw the offer of $18.5 million for the Carmichael Airstrip, ending a joint-venture arrangement with Rockhampton Regional Council to build an airstrip for FIFO workers traveling to and from Adani’s Carmichael coal mine.
The terms of the deal expire on June 30, and Council has decided to prioritise local projects such as the lithium-ion battery plant and building the new water pipeline to guarantee the city’s long-term water security.