Moquegua Region in Peru Seeks to Consolidate its Position as a Strategic Axis for New Industries

Strategic Insights -

The Regional Governor of Moquegua, Gilia Gutierrez Ayala, held a working meeting with managers of the Special Economic Development Zone (Zed Ilo) and representatives of major companies interested in installing a lithium battery plant in Ilo. This project, which will generate direct and indirect employment and boost the regional economy, is seen as a strategic axis for the development of new industries linked to the energy transition. Moquegua has unique competitive advantages, including a privileged geographical location, connectivity to neighboring countries, and a network of national and international roads that facilitate the movement of goods and investment attraction.

Key Takeaways:

  • The Regional Governor of Moquegua, Gilia Gutierrez Ayala, held a working meeting with managers of the Special Economic Development Zone (Zed Ilo) and representatives of major companies interested in installing a lithium battery plant in Ilo.
  • The project will generate direct and indirect employment and boost the regional economy, consolidating Moquegua as a strategic axis for the development of new industries linked to the energy transition.
  • Moquegua has unique competitive advantages, including a privileged geographical location, connectivity to neighboring countries, and a network of national and international roads that facilitate the movement of goods and investment attraction.
  • The Zed Ilo offers a special tax and customs regime, with exemptions and incentives that allow the installation of high-value added industries.
  • The lithium battery plant will be the first in Latin America to produce lithium batteries at an industrial scale, supplying global companies in the automotive and technological industries.
  • The project contemplates the transfer of technology, the formation of local human capital, and the integration of the value chain with Peruvian mining supplies such as copper, iron, and manganese.
  • The plant will manufacture LFP-type battery components (lithium-hydrro-phosphate, Lithium-iron-phosphate), a safe, sustainable, and highly-valued technology in the international energy storage market.
  • The project adds to the efforts promoted by the Regional Government of Moquegua to diversify the regional economy, enhance the modernization of the port of Ilo, and promote the future construction of the Moquegua-o-oo highway.

Statistics:

  • The project will generate direct and indirect employment.
  • The regional economy will be boosted as a result of the project.
  • The project contemplates the transfer of technology, involving Peru and international companies.
  • The value chain integration with Peruvian mining supplies is expected to occur.
  • The plant will be the first in Latin America to produce lithium batteries at an industrial scale.

Sources:

  • Regional Government of Moquegua
  • Regional Public Relations and Institutional Image Office
  • Regional Government of Moquegua, a region of opportunities
  • Al Bawaba (Albawaba.com)
  • SyndiGate Media Inc.