Albemarle to invest $1.3 billion into new South Carolina lithium hydroxide facility

March 29, 2023
According to Albemarle, the new facility will be able to process diverse lithium feedstock, including lithium from recycled batteries.

Albemarle Corporation has announced plans to build a lithium hydroxide Mega-Flex facility in Chester County, South Carolina. The company will invest $1.3 billion into the new plant, which is expected to produce 50,000 metric tons of battery-grade lithium hydroxide a year with the potential to produce up to 100,000 metric tons annually. According to Albemarle, the new facility will be able to process diverse lithium feedstock, including lithium from recycled batteries. Construction on the new facility will begin in 2024, and the project is expected to create 300 new jobs.

In a recent statement, Albemarle CEO Kent Masters said, "This facility will help increase the production of U.S.-based lithium resources to fuel the clean energy revolution while bringing us closer to our customers as the supply chain is built out in North America. This investment supports our long-term commitment to providing innovative products and solutions that enable a more resilient world. We look forward to partnering with the state of South Carolina on this important project."

Investing in American Manufacturing - 2023

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