30 August 2010 21:57 [Source: ICIS news]
HOUSTON (ICIS)--Rockwood Holdings will increase lithium hydroxide production at its facility in Kings Mountain, North Carolina, due to an increase in demand and forecasted growth for electric vehicles, an engineering firm involved with the project said on Monday.
Rockwood, which runs the facility through its Chemetall Foote subsidiary, is funding the expansion in part through a $28.4m (€22.2m) grant from the US Department of Energy (DOE). The expansion is expected to be complete by the end of 2011.
The DOE is seeking to expand and upgrade the production of lithium materials for advanced transportation batteries via funds from the 2009 federal stimulus bill.
Rockwood awarded KBR with the contract to provide engineering and procurement services for the facility.
“This award is significant as it represents a growing and relatively new industry within the energy sector,” said John Quinn, president of KBR’s downstream business.
Rockwood did not immediately respond to a request for further comment.
($1 = €0.78)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|