South Korea's Chemical Producers Turn to Lithium Hydroxide

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Researched by Industrial Info Resources (Sugar Land, Texas)--Chemical manufacturers across South Korea are upping their production of lithium hydroxide, which is a key raw material in the production of lithium-ion battery cathodes. Demand for lithium-ion batteries has been skyrocketing, amid the growing global adoption of electric vehicles and renewable-sourced power generation.

EcoPro Innovation Company (Cheongju-si, South Korea) recently started construction on its second lithium hydroxide factory, in the city of Pohang. POSCO Holdings (Pohang-si, South Korea) is planning a lithium carbonate factory in the city of Gwangyang. POSCO also is planning to convert lithium carbonate to lithium hydroxide at its Gwangyang facility.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can read detailed project reports on the EcoPro and POSCO projects.

Industrial Info is tracking six projects related to the production of lithium hydroxide across South Korea. Subscribers can click here for a full list of detailed project reports, and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).