Sneak preview: ExxonMobil's New Lithium Business
In early 2023, ExxonMobil acquired the rights to 120,000 gross acres of the Smackover formation in southern Arkansas.
Want to visualize what ExxonMobil’s new lithium business might look like?
Check out this two-minute animated video about their plans in southwest Arkansas.
This video “debuted” at the recent Lithium Innovation Summit in Little Rock. ExxonMobil is sharing it to help promote a broader understanding of how they plan to deliver more lithium for electric vehicles, with less environmental impact than current methods.
Some of this work is already underway.
ExxonMobil says they can work fast because the skills and technologies needed to produce lithium from deep brines (like those in Arkansas) are very similar to ones they’ve honed over decades in the oil and gas business.
Production is targeted to begin in 2027.
“Lithium is essential to the energy transition, and ExxonMobil has a leading role to play in paving the way for electrification,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions. “This landmark project applies decades of ExxonMobil expertise to unlock vast supplies of North American lithium with far fewer environmental impacts than traditional mining operations.”
In early 2023, ExxonMobil acquired the rights to 120,000 gross acres of the Smackover formation in southern Arkansas – considered one of the most prolific lithium resources of its type in North America.
“South Arkansas is our state’s all-around energy capital, producing oil, natural gas, and now thanks to investments like ExxonMobil’s and their combination of skills and scale, lithium,” said Arkansas Governor Sarah Huckabee Sanders. “My administration supports an all-of-the-above energy strategy that guarantees good, high-paying jobs for Arkansas – and we’ll continue to cut taxes and slash red tape to make that happen.”
The product offer will be branded as Mobil™ Lithium, building on the rich history of deep technical partnership between Mobil and the automotive industry.
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Can't believe that this is nothing other than virtue signaling. ?