ExxonMobil Drilling First Lithium Well in Arkansas, Aims to Be a Leading Supplier for Electric Vehicles by 2030
by Recoil42
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ExxonMobil Drilling First Lithium Well in Arkansas, Aims to Be a Leading Supplier for Electric Vehicles by 2030
by Recoil42
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>*After using conventional oil and gas drilling methods to access lithium-rich saltwater from reservoirs about 10,000 feet underground, ExxonMobil will utilize direct lithium extraction (DLE) technology to separate lithium from the saltwater. The lithium will then be converted onsite to battery-grade material. The remaining saltwater will be re-injected into the underground reservoirs. The DLE process produces fewer carbon emissions than hard rock mining and requires significantly less land.*
Great adaptation of existing O&G competencies here.
This is great for Exxon Mobil. that is until they figure a way to corner the market and gouge everybody for prices.
Exxon the second they can profit more from lithium than oil: “Climate change is a serious threat and must be fought by governments all over the world.”
Salt water brine is often an unwanted byproduct of oil extraction.
“Guess we’re invading Arkansas next.” 🤪