https://www.engineeringnews.co.za
Construction|Energy|PROJECT|Projects|Surface|Operations
Construction|Energy|PROJECT|Projects|Surface|Operations
construction|energy|project|projects|surface|operations

Standard Lithium and Equinor form US lithium partnership

9th May 2024

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Standard Lithium on Wednesday announced a strategic partnership with NYSE-listed energy group Equinor to accelerate the development of lithium projects in Arkansas and Texas.

In terms of the transaction, Equinor will make a $160-million investment for a 45% interest in two special purpose entities.

The partnership combines Standard Lithium’s direct lithium extraction and Smackover brine processing expertise and assets with a global energy major with deep experience in sub-surface assessment and production, project development, financing, construction and operations.

“One thing that we have observed in the lithium world over the past decade is that strong, mutually-aligned partnerships are the key to successful project execution and operation, and we believe we have aligned with the right partner to take Standard Lithium and the lithium industry in Arkansas and Texas to the next level,” said Standard Lithium president and COO Andy Robinson.

Standard Lithium and Equinor will own 55% and 45% of the projects respectively, with Standard Lithium retaining operatorship.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (07/06/2024)
7th June 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.507 0.565s - 160pq - 2rq
Subscribe Now