Albemarle Corp.’s $1.3B project gets OK for Chester County incentives

The current flag of SC. Historians are not sure what the crescent represents, but most people today think it is the moon. The cabbage palmetto is the state tree of South Carolina.

By Charlotte Business Journal

CHESTER COUNTY, S.C. — Chester County has handed down its approvals for incentives for Albemarle Corp.’s (NYSE: ALB) significant investment in the region.

[ RELATED: Albemarle Corporation building facility in Chester County, bringing over 300 jobs ]

Monday evening, the Chester County Council approved the third and final reading of an ordinance authorizing the county to enter into an incentives agreement with Albemarle Corp. The Charlotte-based company announced last month that it plans to invest $1.3 billion and create more than 300 new jobs at a lithium hydroxide processing facility there.

The county passed previous readings for the incentives when the project was under the code name Project Raven.

Read more here.

VIDEO: New company to revitalize shuttered plant in Chester County, bringing nearly 200 jobs

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