Schlumberger New Energy Venture to Launch a Lithium Extraction Pilot Plant in Nevada
18 März 2021 - 2:00PM
Business Wire
NeoLith Energy’s differentiated direct
lithium extraction process aims to enable a sustainable, efficient,
and flexible lithium production ecosystem.
Schlumberger New Energy announced today the development of a
lithium extraction pilot plant through its new venture, NeoLith
Energy. The deployment of the pilot plant will be in Clayton
Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a
differentiated direct lithium extraction (DLE) process to enable
the production of high-purity, battery-grade lithium material while
reducing the production time from over a year to weeks. This
innovative process can create new market opportunities for lithium
extraction and battery manufacturing economy, and maximize the
value of the lithium-rich resource base in Nevada with cutting-edge
extraction technology.
The demand for battery-grade lithium is projected to grow
exponentially, driven by growth in the electric vehicle (EV)
market. As EVs greatly depend on lithium-ion rechargeable
batteries, sustainable and efficient lithium production has become
an important topic for regions, industries, and technology
companies, as well as battery and large automotive manufacturers.
NeoLith Energy’s pilot plant is a step towards a full-scale,
commercial lithium production facility. The pilot plant results
will be used to optimize the design of the full-scale production
plant. The production plant will utilize an environmentally
friendly method for subsurface brine extraction and lithium
production that requires a significantly smaller footprint and
reduces water consumption by over 85% compared to current methods
for lithium extraction from brine.
“Nevada lithium resources present an excellent opportunity to
demonstrate a leap in production efficiency with a more sustainable
approach,” said Ashok Belani, Schlumberger New Energy executive
vice president. “Schlumberger’s expertise in the subsurface domain,
development of process technology, and global deployment of
technology at scale with various partners all play an important
role in the innovation and efficiency of our DLE process. We are
accelerating the deployment of our pilot plant in response to the
high market demand for battery-grade lithium material.”
The pilot plant’s deployment is part of the Pure Energy Minerals
agreement with Schlumberger New Energy for the development of its
Nevada lithium brine property, using advanced technology to process
the brine and extract high-purity lithium, maximizing the lithium
resource recovery. Commissioning of the pilot plant will begin
following receipt of all necessary permits. NeoLith Energy intends
to begin operations before the end of 2021.
Schlumberger New Energy has invested more than USD 15 million in
this DLE process, and expects the development and operation of the
pilot plant in Nevada to require a similar amount of investment.
This innovative and sustainable DLE process has the potential to
disrupt the lithium economy by opening new opportunities to
existing production regions, and enabling new lithium production
regions across the globe to meet the growing demand.
About Schlumberger New
Energy
Schlumberger is the world's leading provider of technology to
the global energy industry. Schlumberger New Energy explores new
avenues of growth by leveraging Schlumberger’s intellectual and
business capital in emerging new energy markets, with a focus on
low-carbon and carbon-neutral energy technologies. Its activities
include ventures in the domains of hydrogen, lithium, carbon
capture and sequestration, geothermal power and geoenergy for
heating and cooling buildings.
Cautionary Statement Regarding
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws — that is,
statements about the future, not about past events. Such statements
often contain words such as “expect,” “may,” “can,” “estimate,”
“intend,” “anticipate,” “will,” “potential,” “projected" and other
similar words. Forward-looking statements address matters that are,
to varying degrees, uncertain, such as projected demand growth for
battery-grade lithium, and other forecasts or expectations
regarding global climate change. These statements are subject to
risks and uncertainties, including, but not limited to, the
inability to achieve net-negative carbon emissions goals; the
inability to recognize intended benefits of the partnership;
legislative and regulatory initiatives addressing environmental
concerns, including initiatives addressing the impact of global
climate change; the timing or receipt of regulatory approvals and
permits; and other risks and uncertainties detailed in the
companies’ public filings, including Schlumberger’s most recent
Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S.
Securities and Exchange Commission. If one or more of these or
other risks or uncertainties materialize (or the consequences of
such a development changes), or should underlying assumptions prove
incorrect, actual outcomes may vary materially from those reflected
in our forward-looking statements. The forward-looking statements
speak only as of the date of this press release, the parties
disclaim any intention or obligation to update publicly or revise
such statements, whether as a result of new information, future
events or otherwise.
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Media Giles Powell – Director of Corporate Communication,
Schlumberger Limited Tel: +1 (713) 375-3494
communication@slb.com
Investors Ndubuisi Maduemezia – Vice President of
Investor Relations, Schlumberger Limited Joy V. Domingo – Director
of Investor Relations, Schlumberger Limited Tel: +1 (713) 375-3535
investor-relations@slb.com
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