# Albemarle inaugurates $500M lithium conversion plant La Negra III/IV in Antofagasta, Chile

Albemarle Corp. inaugurated its third chemical conversion plant, La Negra III/IV, in Antofagasta, Chile. The $500 million investment will double the company's lithium production capacity.

- Type: New facility
- Announced: 2022-06-13
- Where: Antofagasta, Chile, Chile
- Value: $500.0M
- Starts operating: 13 Jun 2022
- Status: completed
- Capacity: double lithium production capacity
- Products: lithium
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Albemarle](https://endata.com/companies/10514.md)

## Sources

- [powderbulksolids.com](https://www.powderbulksolids.com/chemical/albemarle-debuts-new-500m-lithium-conversion-plant), 2022-06-14: "This new plant marks a milestone in Albemarle's commitment to lead our industry, responding to increasing global demand for lithium through innovation and dedication to sustainability."

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