The Dominican Republic is poised to become one of the first-level suppliers of metals used to manufacture batteries for electric cars, a growing product with very high demand in the United States.
This will be possible thanks to a new project of Falconbridge Dominicana (Falcondo) to produce nickel salts through a hydrometallurgical method and will be made in a green way, as it does not require energy, uses little water, and is a by-product of the existing plant, i.e., no additional natural resources are used.
This Falcondo project takes on great importance in the current context of the Russia-Ukraine war, which threatens further increases in nickel prices, hurting the automotive industry’s ambitions for its electric vehicle units, as nickel is a crucial metal for battery manufacturing.
“We believe the opportunities for nickel salts will be even greater because demand will be higher. In fact, it is most likely that 100% of our production will be consumed by the U.S. manufacturing market,” said Falcondo’s president and CEO, Ioanis Moutafis.
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InvestmentHe explained that the investment for this novel production line is ongoing. “We have specialists hired from the United States and Canada who are walking alongside our engineers and we have established a pilot plant within Falcondo, in which we have already received visits from ministers and some personalities, as a sign that this is possible and feasible,” he said.
He indicated that the ongoing investment to establish this project is more than US$200 million, and they project that by 2023 or 2024, it will be operating at full capacity. In the meantime, they are preparing the plant and personnel, although not yet producing.
The project leader and Quality Control Manager of Falcondo’s pyrometallurgical plant, Nikolaos Dimopoulos, explained that producing nickel salts allows taking advantage of resources that are rejected in the production of ferronickel.
In addition, entering a new business for Falcondo and the country, which is currently growing, is the future business.
He also stated that having nickel here in the country can control the business. “It is like positioning ourselves as one of the Arabian countries that have oil. Nickel is the oil of the future, and we have it here. But we have to put it in a form that can be used,” he said.
He emphasized that as a natural resource, the country has laterite, the mineral from which nickel is made. Depending on how it is used, it can be converted to ferronickel by pyrometallurgy or to nickel salt by hydrometallurgy.
This need for nickel is great for the Dominican economy. Yet, mining the nickel has to take in precautions to protect the environment in the region of the mine, especially when hydrometallurgy methods using acid is involved.
DominicanToday - The Dominican Republic News Source in English
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Falconbridge Dominicana (Falcondo) announced new investments are planned to produce nickel for electric vehicle batteries in the Dominican Republic.
The company plans to invest over US$150 million in the new venture. The plan is to extract nickel for batteries using a byproduct of the Falcondo nickel mine. The process requires less energy, the company president Ionnis Moustafis said when speaking during an event organized by the Dominican Republic Association of Industries (AIRD).
Moustafis says the project will put the Dominican Republic on the map of countries helping to save the planet through the green revolution in electromobility.
Santo Domingo.-The president and general manager of Falcondo, Ioannis Moutafis, announced this Thursday that the company will implement a project to produce batteries for electric cars. He reported that an investment of 150 million dollars is estimated for the project, which will allow the creation of more than 500 direct jobs. “Today, we want to announce that from the heart of Cibao we continue to innovate and work to place the country on the world map of green mobility with the implementation of a new hydrometallurgical project. As is known by many of those present, electric vehicles represent the mobility of the future, and the Dominican Republic has a great opportunity to take advantage of in this area,” said the Falcondo executive
Santo Domingo.-The president and general manager of Falcondo, Ioannis Moutafis, announced this Thursday that the company will implement a project to produce batteries for electric cars.
“Today, we want to announce that from the heart of Cibao we continue to innovate and work to place the country on the world map of green mobility with the implementation of a new hydrometallurgical project. As is known by many of those present, electric vehicles represent the mobility of the future, and the Dominican Republic has a great opportunity to take advantage of in this area,” said the Falcondo executive
This is the seducing of the government before the company requests its permission to expand mining operations into questionable areas.
Grupo Puntacana, a sustainable tourism company, and Eurelius, a developer and investor in energy transition projects, will collaborate to implement a large-scale solar energy generation and battery storage project in Punta Cana, Dominican Republic.
More than 30 MWp of solar production and 50 MWh of battery storage will be installed to produce over 50% of the energy consumed in the community and prevent 25,000 tons of CO2 emissions annually.
Ultimately, this project will contribute to developing a more sustainable destination, stabilize the system in the face of daily weather variations, and make Punta Cana one of the few Latin American cities to produce more than 50% of its energy from renewable sources.
The solar plant will be located at the Punta Cana International Airport, where the companies will have the space for future expansion projects.
"We believe that this project is not only a landmark to Grupo Puntacana, but a signal to other private industrial and commercial groups in Latin America currently evaluating ways to substantially lower their electricity bills and reduce their carbon footprint. This project will demonstrate that solar and battery electrical storage systems are the most affordable energy source in the Caribbean today," said Michael Bellmer, Managing Partner of Eurelius.
Prior to that, Breanna was managing editor for Machinery Lubrication and Reliable Plant magazines, both part of Noria Corp. She has two years experience covering the industrial sector.
She also is a 2021 graduate of Northeastern State University (Oklahoma) with a Bachelor''s in English.
This SIErelease was published using machine translation.
The Superintendency of Electricity (SIE) signed a cooperation agreement with the United States of America Trade and Development Agency (USTDA) for an amount of US $ 619,350 dollars to finance technical assistance to address Energy Storage Systems in Battery (BESS) in the entire electrical system of the Dominican Republic.
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