Albemarle, a leader in the global specialty chemicals industry, announced that its subsidiary, Albemarle Lithium UK Limited, has completed the acquisition of Guangxi Tianyuan New Energy Materials (“Tianyuan”) for approximately $200 million.
A definitive agreement to acquire all outstanding equity from Tianyuan’s shareholders was announced in September 2021.
Located near the Port of Qinzhou in Guangxi, Tianyuan’s operations include a lithium conversion plant with a designed annual conversion capacity of up to 25,000 metric tons LCE and can produce battery-grade lithium carbonate and lithium hydroxide.
“The addition of Tianyuan’s operations to Albemarle’s high-quality lithium assets strengthens our ability to reliably meet the increasing global demand for battery-grade lithium,” said Kent Masters, Albemarle CEO. “We welcome the Tianyuan team’s support as we help our customers and the world transition to more sustainable energy use.”
Imaging
Teledyne e2v and Airy3D collaboration delivers more affordable 3D vision solutions
Display
Change at the top at helio display materials
Memory
SK Hynix shifts focus in China: Shanghai out, Wuxi in
Display
E Ink and AUO enter into strategic partnership to develop large-size color epaper displays
Display
Global retailer expands its use of vuzix smart glasses to support its warehousing operations
Computing and Software
Dolphin Design expands GoAsic partnership to enhance the semiconductor industry’s supply chain
Power Electronics
Linde to increase green hydrogen production in Brazil
Battery
Sion Power and MB ATECH announced a partnership to create an automated manufacturing line for sion power’s large format lithium metal cell.
Compound Semiconductor
ROHM SiCrystal and STMicroelectronics expand silicon carbide wafer supply agreement
Memory