- Lepidico (LPD) signs a supply agreement for sulphuric acid with Interacid Trading
- LPD entered a binding agreement which will see it receive high specification sulphuric acid required for its Phase One project for an initial three-year period
- The sulphuric acid will be delivered by ship to a specialised marine tank facility with private deep-sea berths in Abu Dhabi
- ACTAD, Abu Dhabi’s first full-service, commercial tank terminal for bulk liquids, will then store and deliver the product to the Phase One chemical plant as required
- Lepidico last traded at 1.5 cents on January 31
Lepidico (LPD) has penned a sulphuric acid supply agreement with Interacid Trading.
Interacid is a subsidiary of Sumitomo Corporation and has been providing the marketing, logistics and terminal services for sulphuric acid for nearly five decades.
LPD entered a binding agreement which will see it receive the high specification sulphuric acid required for its Phase One project in Abu Dhabi for an initial three-year period.
“Sulphuric acid is the largest single consumable for Phase One and a key reagent in the L-Max process,” Lepidico Managing Director Joe Walsh said.
The sulphuric acid will be delivered by ship to a specialised marine tank facility with private deep-sea berths in Abu Dhabi.
ACTAD, Abu Dhabi’s first full-service, commercial tank terminal for bulk liquids, will then store and deliver the product to the Phase One chemical plant 17 kilometres from the port, as required.
“These agreements with Interacid and ACTAD provide certainty of supply and represent another important de-risking of the project,” Josh Walsh continued.
“The company is pleased to be working with such experience and well recognised industry leaders.”
The pricing will be based on “prevailing market prices”.
Lepidico last traded at 1.5 cents on January 31.