Schlumberger New Energy announced this Thursday it launched a new company for top-notch lithium extraction; the new process will take place at a new pilot plant to be developed in Clayton Valley, Nevada.
Firstly, the new company is called NeoLith Energy and it has a new and more sustainable approach for high purity lithium extraction; to be used in batteries for electric vehicles. NeoLith’s technology reduces the production time of extraction from a year to around two weeks.
Secondly, this new process intends to create new market possibilities and opportunities for the lithium extraction and manufacturing economy; also, it maximizes the value of the lithium-rich resource base in Nevada, with cutting-edge extraction technology.
Thirdly, NeoLith’s pilot plant will be a first step towards a full-scale commercial lithium facility; as the pilot plant’s results will pave the floor to the design of a full-scale production facility. According to the statement, Schlumberger has already invested $15 million, with further $15 million planned for the near future.
Moreover, the new plant by Schlumberger has an environmentally friendly process for the extraction; as it reduces water consumption by over 85% compared to current methods. In fact, the new plant uses advanced technology to process the brine and extract high-purity lithium, maximizing its recovery ratio.
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In addition, it represents a part of the agreement Schlumberger New Energy has with Pure Energy Minerals. Commissioning of the pilot plant will begin following receipt of all necessary permits. NeoLith Energy intends to begin operations before the end of 2021.
Consequently, Ashok Belani, Schlumberger New Energy executive vice president, said. “Nevada lithium resources present an excellent opportunity to demonstrate a leap in production efficiency with a more sustainable approach.”
He also remarked. “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.
Finally, he underlined. “We are accelerating the deployment of our pilot plant in response to the high market demand for battery-grade lithium material.”