MANUFACTURING IN THE SOUTH WEST GIVEN FUNDING BOOST

Albemarle Lithium in Kemerton is one of eight companies to be funded as part of the first round of the Government’s $1.3 billion Modern Manufacturing Initiative (MMI).

Member for Forrest Nola Marino MP said, “We are supporting our manufacturers right here in the South West to grow their business and employ more locals, because not only is it good for our local economy now as we recover from the pandemic, but also for generations to come.”

Albemarle Lithium will use its $4.9 million grant to develop a new LAS Aggregate Plant for the manufacture of lightweight aggregates from LiOH refinery residue material for use in the construction industry. The LAS Aggregate Plant will utilise an innovative process which has been developed by Albemarle to upgrade the refinery residue to a sustainable, low carbon intensity and valued product for reuse. In addition, this has the potential to be a key enabling technology in the LiOH manufacturing process for battery minerals.

The Modern Manufacturing grant provides businesses with matched funding to support projects that translate high quality research into commercial outcomes and supports local businesses to scale-up and be more competitive and resilient while strengthening Australia’s sovereign supply chain. It provides co-funding to support local businesses to adopt new technologies and improve their manufacturing processes to boost productivity, competitiveness and create new local jobs.

For more information on the Modern Manufacturing Strategy www.industry.gov.au/manufacturing