Albemarle secures doe grant for u.s.-based lithium facility to support domestic ev supply chain

Charlotte, n.c. , oct. 19, 2022 /prnewswire/ -- albemarle corporation (nyse: alb), a global leader in the specialty chemicals industry, announced it has been awarded a nearly $150 million grant from the u.s. department of energy (doe) as part of the first set of projects funded by the president's bipartisan infrastructure law to expand domestic manufacturing of batteries for electric vehicles (evs) and the electrical grid and for materials and components currently imported from other countries.
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