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Energy|Sustainable
Energy|Sustainable
energy|sustainable

Posco, Pilbara Minerals JV opens South Korean lithium facility

1st December 2023

By: Creamer Media Reporter

     

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Australia-listed Pilbara Minerals has announced the official opening of Train 1 of the lithium hydroxide monohydrate chemical facility in Gwangyang, South Korea.

The milestone has been marked by an event attended by the board of Pilbara Minerals and the chairperson of Posco Holdings.

The facility is owned and operated by the Posco Pilbara Lithium Solution joint venture (JV) with Posco Holdings owning 82% and Pilbara Minerals owning 18%.

Pilbara Minerals has the option to increase its equity interest to 30% at any time up to 18 months after successful ramp-up of the chemical facility to 90% of nameplate capacity.

Train 1 of the chemical facility is designed to produce 21 500 t/y of lithium hydroxide when at nameplate capacity with commissioning to commence shortly.

“Pilbara Minerals began discussions with Posco about this chemical facility in 2018 and so today is a momentous occasion for both parties as we progress our strategy of diversifying into the downstream value chain.

“Together we look forward to becoming a meaningful producer of lithium hydroxide, supporting the world’s transition to a more sustainable energy future,” said Pilbara MD and CEO Dale Henderson.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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