Researchers at the US Geological Survey (USGS) say they have located high concentrations of lithium brine in the Smackover Formation in southern Arkansas. Dating back to the Jurassic period, the Smackover Formation is a relic of an ancient sea that left an extensive, porous and permeable limestone geologic unit that extends under parts of Arkansas,… Read more »
Search Results Found For: "arkansas"
Exxon Mobil plans to produce lithium in Arkansas
When a new technology is in the process of replacing an old one, it’s not uncommon for industry incumbents to experiment with the new tech. When the incumbents in question have barrels of cash lying around, it’s easy for them to do so by means of acquisitions—and that’s exactly what some of the oil majors… Read more »
Koch Strategic Platforms invests $100 million in Standard Lithium’s extraction and processing projects in Arkansas
Koch Strategic Platforms (KSP), a subsidiary of Koch Industries (yes, that Koch Industries) plans to make a $100-million investment in Standard Lithium (NYSE: SLI). The company will use the new funding to advance a commercial project at its Lanxess facility in southern Arkansas, accelerate development of the South West Arkansas Lithium Project, and develop and… Read more »
ExxonMobil signs lithium offtake agreement with SK On
Oil companies getting involved in lithium production? Yes. Global EV battery manufacturer SK On has signed a nonbinding memorandum of understanding (MOU) with ExxonMobil for a potential lithium offtake agreement. The terms enable SK On to explore a multiyear agreement that would allow it to secure up to 100,000 metric tons of lithium from ExxonMobil’s… Read more »
Revoy’s battery trailer turns a semi-truck into a hybrid
Trucking firms are caught in a bit of a bind—emissions regulations are tightening, but electric heavy-duty trucks come with high upfront costs. A startup called Revoy offers an interesting transitional solution—the Revoy EV is basically a small trailer full of batteries that attaches to a diesel semi-truck to effectively turn it into a hybrid. At… Read more »
HERE and SBD report on the state of EV infrastructure in the US and Europe
Dutch multinational HERE, which specializes in mapping technologies, location data and related automotive services, and UK-headquartered global automotive consultancy SBD Automotive have issued their EV Index, an analysis that compares EV readiness according to metrics that assess a variety of factors for an aggregated and weighted score on a 100-point scale. The analysis is done… Read more »
How big a deal is Walmart’s plan to deploy thousands of EV fast chargers?
Walmart’s recent announcement that it will install EV fast charging stations at thousands of US Walmart and Sam’s Club locations has gotten a lot of praise in the press, and there are reasons to be excited about it. According to the company, approximately 90% of Americans live within 10 miles of a Walmart or a… Read more »
Smackover lithium prospect called one of the largest lithium brine resources in North America
Galvanic Energy has announced some results from an independent evaluation of its Smackover Formation—a 120,000-acre lithium prospect in Arkansas. According to Galvanic Energy, the “resource report has validated Galvanic Energy’s Smackover prospect as one of the largest lithium brine resources in North America.” Geological consulting firm APEX Geoscience provided a resource report based on its… Read more »
Walmart to buy 4,500 Canoo electric delivery vehicles
Walmart has become the latest large fleet operator to make a vote of confidence in a startup EV-maker—the giant retailer has made a definitive agreement with Canoo (NASDAQ: GOEV) to purchase 4,500 electric delivery vehicles, beginning with the Lifestyle Delivery Vehicle (LDV), with the option to purchase up to 10,000 units. Advanced deliveries, which will… Read more »
Big River Steel to invest $1.2 billion in expansion, increasing electrical steel production
Steel production and recycling specialist Big River Steel will invest $1.2 billion in the expansion of its Arkansas Flex Mill facility, doubling its hot-rolled steel production capacity to 3.3 million tons per year. A key feature of this expansion will be the ability to produce higher grades of electrical steel, demand for which is expected to be… Read more »