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Albemarle Chile

Company Detail

Description

Albemarle Chile is a branch of the US company Albemarle Corporation, a firm which develops, manufactures, and trades high added value and technologically advanced chemical products at an international scale, including lithium and lithium compounds for electronic devices, transportation vehicles, and energy storage technologies. In Chile, Albemarle is aimed at mining and processing brines, and producing and delivering lithium brine and its byproducts; and operates the production plant Salar de Atacama, located in the homonymous desert, and the chemical plant La Negra, located near the city of Antofagasta, which processes lithium. In 2017, Albemarle Chile signed an agreement with the Chilean economic development agency -Corporación de Fomento a la Producción, CORFO- to extend the exploitation contract and increase the authorized lithium production quota to 82 thousand tons annually for the next 27 years; a growth which involves the extension of the current operation in Antofagasta and the construction of facilities to manufacture high added value products for electric car batteries.

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