Albemarle pronounces North Carolina expertise park to discover superior lithium expertise
Specialty chemical substances producer Albemarle has acquired a location in Charlotte, North Carolina, the place it plans to speculate at the least $180 million to determine the Albemarle Know-how Park (ATP).
The power shall be designed for novel supplies analysis, superior course of growth and acceleration of next-generation lithium merchandise to market. The corporate expects that improvements on the proposed website will improve lithium restoration, enhance manufacturing strategies and introduce new types of lithium for advances in battery efficiency.
Plans additionally embody new product commercialization in partnership with strategic prospects and applied sciences to unlock new lithium assets, cut back power and water use, and allow lithium restoration via cost-effective recycling. Albemarle anticipates preliminary occupancy of the ATP by early 2025 and completion by late 2026.