Albemarle has announced plans to locate its previously announced lithium hydroxide ‘Mega-Flex’ facility in Chester County, South Carolina. The initial investment will be at least $1.3 billion, due to surging demand for electric vehicles (EVs) and lithium-ion batteries worldwide.

Pending permitting approvals, the facility will be located within an area of about 320 hectares. It is projected to create more than 300 new, permanent jobs and sustain more than 1,500 construction jobs.