(Energy Analytics Institute, Ian Silverman, 4.Oct.2018) — Yacimientos del Litio Bolivianos (YLB), a Bolivian company, and ACI Systems of Germany signed a deal for the constitution of a joint venture entity between both companies.
The entity will be oriented to the industrialization and production of large-scale lithium-ion batteries using resources contained in Salar de Uyuni, the world’s longest continuous salt desert.
The entity, in the first instance, will install a Lithium Hydroxide Plant in Uyuni to produce cathodes and, later, lithium-ion batteries, in about three years, reported the daily Bolivian newspaper La Razón, citing comments from Bolivia’s Vice President Álvaro García Linera made during a speech at a special ceremony in La Paz.
YLB will hold a 51% interest in the entity, while ACI Systemes will hold the remaining 49%, according to García.
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See related story:
https://energy-analytics-institute.org/bolivia-seeks-investors-to-power-up-lagging-lithium-output/