Caterpillar Collaborating With Albemarle Corp. to Establish a Zero-emissions Lithium Mine

SOURCE: Caterpillar | October 17, 2023

Caterpillar is collaborating with Albemarle Corp. to establish a zero-emissions lithium mine site in Kings Mountain, North Carolina. In return, Albermarle’s North American-produced lithium is available for use in Caterpillar battery production.

The two companies will also explore opportunities to collaborate on research and development of battery cell technology and recycling techniques.

The announcement comes on the heels of Albemarle’s recent award of $90 million from the Department of Defense to help support the expansion of domestic mining and the production of lithium for the nation’s battery supply chain.

“At Albemarle, we are committed to building a more resilient world. Our partners are critical to achieving that impact, and this collaboration with Caterpillar exhibits how we ‘walk the talk’ to pioneer what’s next,” said Eric Norris, Albemarle’s Energy Storage president, in a statement. “It’s a win-win-win scenario, in which we are both customers and suppliers of each other, and the innovation we pursue together benefits the world.

“Beyond supplying infrastructure and materials, the battery-powered Caterpillar machinery and potential improvements to cell technology will open up new possibilities for the future of sustainable mining,” said Norris. “We look forward to replicating at Kings Mountain the same progress that we have made toward social and environmental responsibility at our Salar de Atacama operation, where we became the first lithium producer in the world to complete a third-party audit and publish our report through the Initiative for Responsible Mining Assurance’s (IRMA) stringent standard.”

Said Rod Shurman, SVP of electrification and energy solutions for Caterpillar, in a statement:

“Caterpillar is developing lithium-ion batteries and battery-electric products today for our customers around the world who, like Albemarle, are driving toward net zero carbon emissions goals. The agreements for lithium offtake and potential collaboration on R&D signed today will help to advance this work and further build out a secure, resilient and sustainable value chain for electrified equipment across the Caterpillar portfolio, while also supporting Albemarle’s journey to more sustainable operations.”

“Through this collaboration with Caterpillar, Albemarle is creating a new pathway where we can make a global impact – outside of the leadership we’re known for with EVs,” said Anita Natesh, Albemarle’s Commercial VP for North America, Europe, and India for Energy Storage. “Together with Caterpillar, we will bring more sustainable mining equipment to market… and in the process, demonstrate that our commitment to powering the clean energy transition extends beyond our collaborations with auto OEMs.”

To comment on this story or for additional details click on related button above.