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Posco breaks ground

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.

Double expansion for Brenntag in South America

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.

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