CA - Albemarle Joins Exxon In The Lithium Hunt
2024-07-01 09:52:14 ET
Summary
- Albemarle joins the ranks of Standard Lithium and Exxon in the hunt for lithium in Arkansas.
- ALB has put in an application with the state of Arkansas to operate a lithium extraction pilot plant (to test the viability of the lithium).
- This pilot plant will be at a pre-existing bromine operation in Arkansas that ALB owns. The company could use an outside DLE provider to extract lithium such as KOCH-SLI.
- If Albemarle were to pair up with Koch-SLI for its proven DLE extraction technology, this could reduce the time required to bring lithium to the market.
Arkansas is hot right now, hot for lithium and Albemarle ( ALB ) is joining the party. Albemarle has filed with the Arkansas Oil and Gas Commission to obtain permission to extract lithium (from its preexisting bromine operation) via a pilot plant. The intent is to begin testing lithium extraction. This is the same play book that Standard Lithium ( SLI ) used in Arkansas. Per the Arkansas Oil and Gas Commission ((AOGC)) we can see the Albemarle pilot plant application:
| Lithium Application By ALB (AOGC) |