KBR Awarded Contract by Chemetall Foote Corp. for Lithium Hydroxide Operation Expansion
August 30 2010 - 4:05PM
Business Wire
KBR (NYSE: KBR) announced that its Downstream business unit has
been awarded a contract to provide engineering and procurement
services to Chemetall Foote Corp. (a subsidiary of Rockwood
Holdings, Inc. (NYSE: ROC)) for the addition of lithium hydroxide
production at its current operation in Kings Mountain, North
Carolina. The project is funded in part by a $28.4 million grant
from the U.S. Department of Energy to expand and upgrade the
production of lithium materials for advanced transportation
batteries.
The award of this contract follows the execution by KBR of
various development services from Front-End Loading Feasibility
through the current stage of the project. KBR will work in support
of Chemetall Foote to help the company meet its goal of increasing
lithium hydroxide production in response to an increase in demand
and forecasted growth of electric vehicles. The project is expected
to be completed by the end of 2011.
“This award is significant as it represents a growing and
relatively new industry within the energy sector,” said John Quinn,
President, KBR Downstream. “We are proud to build upon our existing
relationship with Chemetall Foote and look forward to applying and
expanding our capabilities in a growing market.”
The DOE grant funding is provided under the Electric Drive
Vehicle Battery and Component Manufacturing Initiative
(DE-FOA-0000026) of the American Recovery and Reinvestment Act of
2009 (ARRA) that provides up to approximately $2 billion in federal
stimulus funding to support the creation of American jobs while
promoting the development of U.S.-based advanced battery production
for the EDV market.
KBR is a global engineering, construction and services company
supporting the energy, hydrocarbon, government services, minerals,
civil infrastructure, power and industrial markets. For more
information, visit www.kbr.com.
Chemetall Foote, a member of the Chemetall group headquartered
in Frankfurt, Germany, is the world's leading manufacturer of
lithium-based compounds and an innovative developer of metal-based
fine chemicals for use in specialty applications. Chemetall's
lithium-based compounds are used in a variety of high growth
applications, including base chemicals for numerous industries,
drug intermediates, elastomers for car tires and rubber soles,
lithium batteries, thermoplastic materials and high performance
greases.
Chemetall has lithium production facilities in the United
States, Chile, Germany and Taiwan. Rockwood Holdings, Inc., the
parent company of Chemetall, is a leading global specialty
chemicals and advanced materials company. Rockwood has a worldwide
employee base of approximately 9,500 people and annual net sales of
approximately $3 billion. The company focuses on global niche
segments of the specialty chemicals, pigments and additives and
advanced materials markets. For more information on Rockwood,
please visit www.rocksp.com.
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