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Lithium Production

All articles tagged with #lithium production

energypolitics1 year ago

"US Energy Department Grants $2.3 Billion Loan to Boost Nevada Lithium Production"

The Energy Department is offering a $2.3 billion loan to Lithium Americas to boost domestic lithium production for electric vehicle batteries. The loan would fund the construction of a lithium carbonate processing plant at Thacker Pass in Nevada, which contains the largest known lithium deposit in North America. This move aims to strengthen the domestic supply chain for critical minerals and support the Biden administration's goal of reaching net zero emissions by 2050 through the broader adoption of electric vehicles.

via The New York Times|
#domestic-supply-chain#electric-vehicles#energy-department
energy2 years ago

Exxon Mobil's Lithium Production in Arkansas Boosts EV Supply Chain

Exxon Mobil plans to establish a facility in Arkansas to produce lithium, a critical raw material for electric vehicle batteries. This move signals the oil giant's intention to diversify its investments and hedge against the challenges posed by electric vehicles to its oil business. Exxon aims to begin lithium production in 2027 and produce enough to supply over a million electric vehicles annually by 2030. The company plans to use a new technology called "direct lithium extraction" to economically extract lithium from underground brine in Arkansas. While some experts are skeptical about the scalability of this method, Exxon is confident in its success. The move reflects Exxon's recognition of the growing importance of electrification in the energy transition and its desire to reduce emissions associated with transportation.

via The New York Times|
#arkansas#clean-energy#electric-vehicles
business2 years ago

Exxon's Lithium Production Plans: A Game-Changer for Electric Vehicles

Exxon Mobil plans to enter the lithium production sector and aims to start producing the electric vehicle (EV) battery metal in Arkansas by 2026. The company plans to produce at least 10,000 metric tons per year of lithium in partnership with Tetra Technologies, which would be equivalent to the amount needed for 100,000 EV batteries. Exxon has been drilling wells in Arkansas to study lithium-rich brine deposits and has been testing direct lithium extraction (DLE) technology. The move into lithium production offers Exxon the opportunity to sell a new product with relatively little added cost and reduce carbon emissions. However, regulatory challenges and the absence of a royalty structure for lithium in Arkansas could potentially delay development.

via Reuters.com|
#arkansas#business#electric-vehicle-batteries