# Posco Lithium Solution breaks ground on lithium hydroxide plant in Gwangyang

Posco Lithium Solution held a groundbreaking ceremony for a lithium hydroxide plant in Yulchon Industrial Complex, Gwangyang, South Korea. The plant will invest 760 billion won by 2023 to produce 43,000 tons of lithium hydroxide annually, creating 260 new jobs.

- Type: New facility
- Announced: 2021-05-26
- Where: Yulchon Industrial Complex, Gwangyang, South Korea
- Value: $680.0M (760.0B KRW)
- Jobs: 260
- Starts operating: 2023
- Status: under construction
- Capacity: 43,000 tons per year of lithium hydroxide
- Products: lithium hydroxide
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Posco Lithium Solution](https://endata.com/companies/55408.md)

## Sources

- [fnnews.com](https://www.fnnews.com/news/202105261339416276), 2021-05-26: "19만 6103㎡(5만 9321평) 부지에 들어서는 포스코 리튬솔루션㈜ 수산화리튬 공장은 오는 2023년까지 7600억원을 투자해 연간 전기차 100만 대 생산이 가능한 수산화리튬 4만 3000t을 생산할 계획으로, 신규 고용인원은 260명이다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.