YPF Lithium and Y-TEC and EUSATIa German company specialized in marketing and investment to promote the energy transition, signed a Memorandum of understanding in for development the field of lithium and its value chain.
According to official sources, Ambitwith this agreement YPF Lithium and Y-TEC are positioned as strategic partners next to EUSATI in the development of the new lithium value chainskeys to global energy transition.
The German firm EUSATI bet on this new synergy with YPF with the strategic objective of producing carbonate and lithium hydroxide with the highest standards of sustainability and to plan the development of the mineral value chain in Argentina.
This agreement arises from the promotion of the strategic partnership in energy matters between the two countries, led by the Secretary of Energy of Argentina, Flavia Royonwhich crystallized in the last two visits made in March and May of this year to Berlin to participate in meetings with German officials alongside companies and offtakers who lead the energy transition of the European country.
On these visits to Germany, Royon developed an agenda linked to “the strategic partnership between the governments and companies of both countries that share values and visions and that allows you to promote new projects that you are facing Argentina to consolidate as a secure providerboth of energy like critical mineralsin it new international scenario of the energy transition“.
Third largest lithium producer globally
In the next years, Argentina will inevitably transform into the third largest lithium producer globally. The productive dynamics inaugurated between YPF and EUSATI through the agreement implies the early development of the value chains of this mineral key to energy transitionand will represent technology transfer, better standards and practices of environmental sustainability and lithium offtake.
From the signing of this agreement, YPF Lithium and EUSATI may develop operations salt flat exploration in Argentina for the production of Green Lithium. For its part, together with Y-TECthe German firm will exploit for the development in Argentina of the value chain critical mineralincluding the production of batteries for electromobility.
This first step shows the vision and commitment to the energy transition shared by the authorities of Argentina and of Germanywhich seeks to deepen a strategic and productive associativity in critical sectors linked to new low carbon economy. The strategic alliance between the two companies seeks to promote projects of common interest concerning production in Argentina of Lithium carbonate and Lithium Hydroxide and the development of the Argentine industry in the supply chain production of batteries for electromobility in a sustainable way, complying with the social and environmental requirements typical of a company that stands out for its social responsibility policy, with a strong commitment to the development of local communities.
“These times constitute an opportunity that we cannot miss; Argentina can be positioned as key player in critical sectors with global impact in new value chains; This is how we understand it on both sides of the Atlantic. German companies represent, by potential offtakecommitment to the development of value chains, technology transfer and product sustainability, ‘partners by choice’ for business development in critical sectors in the Argentina“said the ambassador Fernando Brun.
In that sense, Royon He stated: “In these trips during this year it was agreed – and reinforcing the energy cooperation dialogue that we maintain with Germany– that the German government supports German companies for the development and investments in Argentina of projects linked to the energy transition. In this framework, the company EUSATI is exploring in the Argentina opportunities in the lithium and hydrogen value chain and, in this sense, it has already advanced with YPF and is in talks with other companies to develop energy transition in Argentina”.
First contacts between EUSATI and representatives of Argentine provinces and business actors were promoted by the Argentine Embassy in Berlinin conjunction with the Secretary of Energy of the Nation and its counterpart German Federal Ministry of Economyafter the visit of the Federal Chancellor Olaf Scholz to the Argentina.