CHARLOTTE, N.C., March 16, 2017 /PRNewswire/ -- Albemarle
Corporation (NYSE: ALB), a leader in the global specialty
chemicals industry, announced today that Talison, a joint venture
between Albemarle and Tianqi
Lithium Corporation, has approved the expansion of lithium
concentrate production at its Greenbushes, Australia spodumene mine. Greenbushes is
the world's largest active lithium mine. It has the largest hard
rock lithium reserve, and contains the highest concentration of
lithium oxide available of any active mine.
"This project is integral to our announced lithium expansion
plans so that we can meet the growing needs of our customers," said
John Mitchell, president, Lithium
and Advanced Materials for Albemarle. "The expansion of the mine and ore
upgrading facilities is a key deliverable in our supply strategy to
grow total combined lithium carbonate equivalent (LCE) production
to approximately 165,000 MT/year early in the next decade."
The expansion is intended to more than double the LCE capacity
at Greenbushes from 80,000 MT/year to more than 160,000 MT/year, of
which Albemarle has a 50% interest
in the offtake. Commissioning of the expansion is expected to begin
in the second quarter of 2019.
About Albemarle
Albemarle Corporation (NYSE:
ALB), headquartered in Charlotte,
NC, is a global specialty chemicals company with leading
positions in lithium, bromine and refining catalysts. We power the
potential of companies in many of the world's largest and most
critical industries, from energy and communications to
transportation and electronics. Working side-by-side with our
customers, we develop value-added, customized solutions that make
them more competitive. Our solutions combine the finest technology
and ingredients with the knowledge and know-how of our highly
experienced and talented team of operators, scientists and
engineers.
Discovering and implementing new and better performance-based
sustainable solutions is what motivates all of us. We think beyond
business-as-usual to drive innovations that create lasting value.
Albemarle employs approximately
4,500 people and serves customers in approximately 100 countries.
We regularly post information to www.albemarle.com, including
notification of events, news, financial performance, investor
presentations and webcasts, non-GAAP reconciliations, SEC filings
and other information regarding our company, its businesses and the
markets it serves.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Albemarle Corporation's business that are not historical facts are
"forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's
Annual Report on Form 10-K.
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SOURCE Albemarle Corporation