The collaboration aims to validate and optimize
the efficient lithium production process recently announced by
Schlumberger New Energy, to support rapid growth of the EV
market
Regulatory News:
Schlumberger New Energy and Panasonic Energy of North America, a
division of Panasonic Corporation of North America, announced today
that they have entered into a collaboration agreement for the
validation and optimization of the innovative and sustainable
lithium extraction and production process to be used by
Schlumberger New Energy at its Neolith Energy pilot plant in
Nevada. This collaboration paves the way for improved lithium
production solutions that will help meet the expected surge in
demand for lithium as the electric vehicle (EV) market takes off
worldwide.
Neolith Energy’s sustainable approach uses a differentiated
direct lithium extraction (DLE) process to produce high-purity,
battery-grade lithium material while reducing the production time
from over a year to weeks. The unique process is in sharp contrast
to conventional evaporative methods of extracting lithium, with a
significantly reduced groundwater and physical footprint. Panasonic
will provide their guidance to validate and optimize the lithium
material for battery-grade consumption. Situated in Clayton Valley,
Nevada, the pilot plant is just 200 miles from Panasonic’s
large-scale advanced battery manufacturing operation, Panasonic
Energy of North America, in Sparks, Nevada.
As a global technology company and leader in lithium-ion
batteries, Panasonic has a proven track record in innovation and
advanced products and solutions that power the automotive industry.
Demand for battery-grade lithium is projected to grow exponentially
over the next decade. 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. While the lithium industry is expected to attract
large investments, the time-to-first-lithium-production for new
development projects and regions will be critical for the industry
to meet the surge in demand.
“Panasonic has a longstanding commitment to contributing to
society and increasing sustainability in the supply chain as we
work to produce the world’s safest, highest quality and most
affordable batteries is a critical priority,” said Allan Swan,
president of Panasonic Energy of North America. “We look forward to
working with Schlumberger New Energy to help achieve our vision of
advancing the lithium-ion battery space and accelerating to a clean
energy society.”
“Panasonic is a pioneer in electric vehicle battery technology,
and we are excited to collaborate with them in developing our
differentiated direct lithium extraction and production process,”
said Ashok Belani, executive vice president Schlumberger New
Energy. “We are committed to expanding the global supply chain for
advanced lithium compounds to support the forecasted surge in
demand and enable new opportunities for lithium production
globally.”
Neolith Energy’s objective will be to pump brine from the
subsurface, extract greater than 90% of the dissolved lithium, and
pump more than 85% of the brine back to the subsurface in an
environmentally safe manner. In addition to maximizing the
reinjection of the brine, the ultimate goal is to eliminate the
need for any fresh water from an external source and reduce the
environmental impact.
Together, Panasonic and Schlumberger New Energy aim to
accelerate the development and implementation of an innovative
lithium production process, with a commitment to economical,
environmental and responsible extraction to empower the world’s
transition to new energy sources.
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.
Learn more about Schlumberger New Energy: newenergy.slb.com
About Panasonic
Panasonic Corporation is a global leader developing innovative
technologies and solutions for wide-ranging applications in the
consumer electronics, housing, automotive, and B2B sectors. The
company, which celebrated its 100th anniversary in 2018, operates
522 subsidiaries and 69 associated companies worldwide and reported
consolidated net sales of 6,698.8 billion yen for the year ended
March 31, 2021. Committed to pursuing new value through
collaborative innovation, the company uses its technologies to
create a better life and a better world for customers.
Learn more about Panasonic: https://www.panasonic.com/
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,” “believe,” “plan,”
“can,” “estimate,” “intend,” “anticipate,” “should,” “could,”
“will,” “likely,” “goal,” “objective,” “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 EVs; forecasts or expectations
regarding the development of, or anticipated benefits of, NeoLith
Energy’s process and other Schlumberger New Energy initiatives; and
other forecasts or expectations regarding the energy transition and
global climate change. These statements are subject to risks and
uncertainties, including, but not limited to, the inability to
recognize intended benefits from Schlumberger New Energy
strategies, initiatives or partnerships; legislative and regulatory
initiatives addressing environmental concerns, including
initiatives addressing the impact of global climate change; 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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version on businesswire.com: https://www.businesswire.com/news/home/20210610005473/en/
Media Giles Powell – Director of Corporate Communication,
Schlumberger Limited Tel: +1 (713) 375-3494 communication@slb.com
Dannea DeLisser Tel: +1 (201) 407-1216
dannea.delisser@us.panasonic.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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