Sign up for the Powder & Bulk Solids Weekly newsletter.
January 5, 2024
2 Min Read
The merger of Allkem and Livent created one of the largest integrated producers of lithium chemicals in the world.Image courtesy of Arcadium Lithium
Arcadium Lithium plc has completed the all-stock merger between Allkem and Livent. The new, combined company is a leading global lithium chemicals producer committed to safely and responsibly harnessing the power of lithium to improve people's lives and accelerate the transition to a clean energy future.
With roughly $1.9 billion of combined total revenue in 2022 and a global team of more than 2,600 employees, Arcadium Lithium is one of the largest integrated producers of lithium chemicals in the world.
"As one of the leading global producers of lithium chemicals, Arcadium Lithium has the resources, scale and expertise to meet the growing needs of our rapidly changing industry. We are a leader in every major lithium extraction process — from hard rock mining to conventional pond and DLE-based brine processing — and vertically integrated, from resource to chemical manufacturing, in strategic locations around the world. This will open doors to new opportunities and strengthen our ability to deliver value to our customers, investors, employees and communities," said Paul Graves, chief executive officer of Arcadium Lithium.
"It is a privilege for me to lead this great company forward with such an incredible team. This transformational merger would not have been possible without the hard work and commitment of our integration planning teams over the past months. I want to thank them and all of our employees around the world for getting us to this position. Together, we are launching an exciting new company that combines the strengths and storied legacies of two incredible organizations, both with an wavering commitment to safe, responsible and sustainable operations. We look forward to building on this strong foundation and leading our industry forward."
Arcadium Lithium is a vertically integrated lithium chemicals producer, from source to product solution. Their value-added business model across the entire lithium operations chain enables the company to better serve customers with a more resilient supply chain and enhanced operating flexibility and efficiency. State-of-the-art R&D facilities allow focus on testing and understanding new ways to improve energy storage and lithium delivery.
About the Author(s)
Kristen Kazarian has been a writer and editor for more than three decades. She has worked at several consumer magazines and B2B publications in the fields of food and beverage, packaging, processing, women's interest, local news, health and nutrition, fashion and beauty, automotive, and computers.
You May Also Like
Institution of Chemical Engineers Announces 2024 Award WinnersMar 5, 2024|2 Min Read
USDA Recalls: February 2024Mar 1, 2024|4 Min Read
EPA Protects At-Risk Communities Near Chemical PlantsMar 1, 2024|1 Min Read
Three Chemours Top Execs Placed on LeaveMar 1, 2024|1 Min Read