Lanses-Standard Lithium Launches Lithium Carbonate Project for Batteries

"Basic Design and Feasibility Study of Production Plant Completed by Q4"

[Asia Economy Reporter Moon Chaeseok] Global specialty chemicals company LANXESS is set to officially begin production of battery (secondary battery) lithium carbonate in collaboration with Canadian lithium extraction company Standard Lithium.

On the 10th, the two companies announced that they had signed an agreement for the basic design and feasibility study of a lithium carbonate production plant for batteries. These companies have been operating a pilot line at LANXESS's bromine production plant in Eldorado, Arkansas, USA, to extract lithium from brine for commercial production. Based on the results from operating the test facility for 20 months, they are now starting full-scale construction of the lithium carbonate production plant. The basic design study is planned to be completed by the fourth quarter. The study will focus on evaluating the economic viability and technical feasibility of commercial lithium carbonate production.

After completing the basic design, Standard Lithium will invest independently to establish a battery-grade lithium carbonate production line at the LANXESS Eldorado plant. LANXESS will have the right to hold up to a 49% stake in this project. Jo Seungyoung, CEO of LANXESS Korea, stated, “In a situation where competition to secure lithium in the battery industry is intensifying, this lithium production project will be an opportunity for LANXESS to secure a sustainable growth engine in the lithium market.”

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