Completion of POSCO Chemical Cathode Material Gwangyang Plant Complex

World's Largest Single Factory, 90,000-Ton Anode Material Plant Completed

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] Gwangyang City, Jeollanam-do announced on November 10 that it held a comprehensive completion ceremony for stages 1 to 4 of the cathode material plant at the POSCO Chemical cathode material Gwangyang factory in Yulchon 1 Industrial Complex.

The event was attended by Jeong In-hwa, Mayor of Gwangyang, Seo Young-bae, Chairman of Gwangyang City Council, Song Sang-rak, Head of Gwangyang Bay Area Free Economic Zone Authority, Kim Byung-wan, Director of Planning and Economy Bureau of Yeosu City, as well as key executives from POSCO Group including POSCO Holdings Secondary Battery Materials Business Promotion Team, Min Kyung-jun, President of POSCO Chemical, Lee Sung-won, CEO of POSCO Lithium Solution, Ji Woo-hwang, CEO of HY Clean Metal, Han Sung-hee, President of POSCO Construction, and Jeong Deok-gyun, President of POSCO ICT.

The comprehensively completed cathode material plant was established on a 165,203㎡ site in Yulchon 1 Industrial Complex with an investment of 940 billion KRW, and its total production capacity is 90,000 tons per year.

This amount is sufficient to supply cathode materials for 1 million high-performance electric vehicles, making it the world's largest single-plant scale.

The NCM (Nickel-Cobalt-Manganese) cathode materials, which POSCO Chemical focuses on, are high-nickel cathode materials with nickel content increased to 80-90%, known as next-generation secondary battery core materials that can extend electric vehicle driving range and improve stability.

The Gwangyang cathode material plant completed stage 1 with a capacity of 5,000 tons and stage 2 with 25,000 tons in 2019 and 2020 respectively, and in February and June of this year, stages 3 and 4 plants with a capacity of 30,000 tons each were completed.

The cathode materials produced at the Gwangyang plant are scheduled to be supplied not only domestically but also to electric vehicle battery production lines in Europe, the United States, and other regions.

Jeong In-hwa, Mayor of Gwangyang, said, “From the perspective of Gwangyang City, which has grown together with POSCO for over 30 years, the comprehensive completion of the POSCO Chemical cathode material Gwangyang plant represents a great opportunity to diversify the region’s industrial structure and transition to future-oriented industries.”

He added, “I wish for the infinite development and success of POSCO Chemical, a global leader in eco-friendly energy materials.”

Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr

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