Posco Holdings has held the groundbreaking ceremony for the first lithium hydroxide factory in South Korea, at the Yulchon Industrial Complex in South Jeolla province. The company will invest over $450 million up to completion in 2025. It will be able to produce about 25,000 tonnes/year, enough for some 600,000 electric vehicles.

Yulchon is already home to the Posco Future M subsidiary’s cathode material facility. A lithium ore plant is also being built there and it will eventually host a secondary battery material facility.

Brenntag has opened a new 90,000 m² facility in Zarate, Argentina, and simultaneously presented the renovation and expansion of its facilities in Nova Esperança in Brazil.

The Zarate site includes 500 m2 of offices, 2,000 m² of warehouses, approximately 1,250 m² of tank capacity, three tank truck unloading spaces, two drumming stations, a mix and blending building, and sustainable energy sources to operate the site. It will support both of Brenntag’s Specialties and Essentials businesses.