Albemarle increase lithium brine extraction in Chile

Albemarle to increase lithium brine extraction in Chile

4:32 AM, 3rd February 2016
Albemarle to increase lithium brine extraction in Chile
Luke Kissam, president and CEO, Albemarle Corporation. (File photo)

BATON ROUGE, US: Albemarle Corporation said that it has been granted approval by the Environmental Assessment Commission (CEA) of the Antofagasta region to increase its currently authorized lithium brine extraction rate at the company’s facility in the Salar de Atacama, Chile.

The increase will enable the company to meet the accelerating demand for lithium, especially high purity lithium compounds required for the production of lithium batteries.

In addition, the company also said that it has entered into a memorandum of understanding (MOU) with the Chilean Government defining the terms of a partnership for an increased lithium quota consistent with the principles and goals of the Lithium National Commission, as reported in January 2015.

The definitive agreement is expected to be executed by the end of the first quarter 2016.

The MOU provides Albemarle with sufficient lithium to support the production, over a 27-year period, of 70,000 mt annually of technical and battery grade lithium carbonate and 6,000 mt annually of lithium chloride at Albemarle’s two manufacturing facilities in La Negra, Antofagasta, as well as at a third lithium carbonate facility that Albemarle will commit to construct under the MOU.

The MOU also provides Albemarle with an exclusive option for an additional lithium quota in connection with the development of lithium hydroxide production directly from brine.

“Our sustainable, state-of-the-art operations allow us to maximize the amount of lithium extracted from the brine, thus increasing the value of this resource for the stakeholders,”said Luke Kissam, president and CEO, Albemarle Corporation.

“This agreement will not only establish Chile as the global leader in the production of value-added lithium-based products, it provides economics that justify Albemarle’s continued investment in the region. As a result, we will be better positioned to capture 50 percent of the growth in lithium applications and solidify our leadership position in the industry,” he added.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Vilmorin buys US vegetable seed firm as Syngenta hopes wane

PARIS, france: Vilmorin & Cie SA, a seed producer said that it has acquired Genica Research Corporation to boost its place as the second-largest v ...

Read more
Ajinomoto to produce tryptophan amino acid in US

TOKYO, JAPAN: Ajinomoto Animal Nutrition Group Inc, a wholly owned subsidiary of Ajinomoto Co Inc said that it will begin production of feed grade Try ...

Read more
Huber acquires Albemarle’s Martinswerk business

ATLANTA, US: J M Huber Corporation, through its Huber Engineered Materials (HEM) division said it has acquired the Martinswerk business of Albemarle C ...

Read more
Balchem acquires Albion for $111.5 million in cash

NEW HAMPTON, US: Balchem Corporation said that it has acquired Albion International Inc, a Clearfield, Utah-headquartered private manufacturer of mine ...

Read more
Researchers develop completely new kind of polymer

EVANSTON, US: Imagine a polymer with removable parts that can deliver something to the environment and then be chemically regenerated to function agai ...

Read more
New wearable sweat sensors could track your health

BERKELEY, US: When University of California (UC) Berkeley engineers say they are going to make you sweat; it is all in the name of science. Specifica ...

Read more