Albemarle, a specialty chemical firm, has announced a new lithium production plant in Antofagasta, Chile, which it says will be its third chemical conversion plant.

According to Albemarle, “the plant is expected to double lithium production.” The company says it has invested more than $500 million in the plant, which includes R&D labs and a $100-million thermal evaporator that recycles water. “The technology is intended to reduce water consumption by up to 30% per metric ton,” says Albemarle.

Source: Albemarle