# Albemarle amends MARBL joint venture to take full ownership of Kemerton lithium processing facility

Albemarle Corporation agreed to amend the MARBL joint venture with Mineral Resources, taking 100% ownership of the Kemerton lithium hydroxide processing facility in Australia and retaining full ownership of its Qinzhou and Meishan facilities in China, with expected payment of US$380-400 million to Mineral Resources.

- Type: Acquisition
- Announced: 2023-07-19
- Where: Kemerton, Australia, Australia
- Value: $390.0M
- Status: announced
- Products: lithium hydroxide
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Albemarle](https://endata.com/companies/10514.md) (acquirer)
- [Mineral Resources](https://endata.com/companies/29130.md) (target)

## Sources

- [investors.albemarle.com](https://investors.albemarle.com/news-and-events/news/news-details/2023/ALBEMARLE-AMENDS-MARBL-LITHIUM-JOINT-VENTURE/default.aspx), 2023-07-19: "Albemarle continues to rapidly expand its Energy Storage business."

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