Jungang D&M-EDL Hold Groundbreaking Ceremony for Saemangeum New Factory... "Lithium Salt Business in Full Swing"

Central D&M announced on the 3rd that its joint venture with Enchem, 'IDEL,' held a groundbreaking ceremony for the Saemangeum lithium salt factory. From this groundbreaking ceremony, the lithium salt business, a key raw material for electrolytes, is expected to be fully launched.

The groundbreaking ceremony took place at the Best Western Hotel in Saemangeum, Gunsan City. Attendees included Kim Kwan-young, Governor of Jeollabuk-do, Kang Im-jun, Mayor of Gunsan City, and other related officials, as well as Enchem's domestic and overseas clients such as GM, LG Energy Solution, and SK On, expressing high expectations for the lithium salt factory.

Oh Jeong-kang, CEO of IDEL, stated at the ceremony, "Since the global economy is at a turning point, if we do not boldly take on challenges now, it will be difficult for material companies to find opportunities again." He emphasized, "Through this Saemangeum lithium salt investment, IDEL will secure a competitive edge and lead the industry in the global secondary battery material sector."

He continued, "All employees of IDEL will do their best to make Saemangeum the fertile ground for South Korea's secondary battery industry through this groundbreaking ceremony."

Central D&M has been rapidly advancing related projects since establishing the joint venture IDEL in March, signing a memorandum of understanding (MOU) and a lease contract in June, concluding a land sale contract in July, paying 17 billion KRW for the land, and applying for usage approval before the completion permit.

The Saemangeum project by IDEL, which is being promoted in phases, aims to invest a total of 600 billion KRW by the end of 2026 to establish a lithium salt manufacturing facility with a maximum capacity of 50,000 tons.

This content was produced with the assistance of AI translation services.