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(Kitco News) – Albemarle (NYSE: ALB), a leader in the global specialty chemicals industry, announced yesterday that it has acquired a location in Charlotte, North Carolina. Invest at least $180 million to establish the Albemarle Technology Park (ATP). ).
According to the company, ATP will be a world-class facility designed to accelerate new materials research, advanced process development and the introduction of next-generation lithium products to market.
Albemarle expects innovations from the new site to enhance lithium recovery, improve production methods and introduce new forms of lithium to deliver breakthrough levels of battery performance. .
“Albemarle Technology Park is part of our mine-to-market innovation strategy to invest in the U.S. EV battery supply chain and become a leader in advanced lithium materials for next-generation energy storage,” said CEO Kent Masters. says. “This facility will focus and accelerate our lithium technology leadership to more effectively enable the world’s transition to more sustainable energy.”
Importantly, Albemarle noted that it has won an incentive package of approximately $13 million from the State of North Carolina to develop an advanced lithium materials research, process development and product innovation facility in Mecklenburg County, North Carolina. .
Albemarle’s vision for ATP extends from new lithium materials and manufacturing processes to the commercialization of new products in close partnerships with strategic customers.
“By co-locating these important activities and collaborations, we expect ATP to become a lithium innovation hub that supports technology leadership in the rapidly expanding EV industry in the Southeastern United States.” said the company.
Albemarle believes the enhanced process technology developed at ATP unlocks new lithium resources, increases sustainability by reducing energy and water use, and replaces end-of-life lithium through cost-effective recycling. We expect it to be recoverable.
Albemarle is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. The company has approximately 5,600 employees and serves customers in approximately 100 countries.
Disclaimer: The views expressed in this article are those of the author and may not reflect the views of the author Kikko Metals Co., Ltd. The author has made every effort to ensure the accuracy of the information provided. However, neither Kitco Metals Inc. nor the authors can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation of an exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the authors of this article accept no liability for loss and/or damage resulting from the use of this publication.
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