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Energy Storage

Lanxess and Standard Lithium set terms in Arkansas

by Craig Bettenhausen
March 6, 2022 | A version of this story appeared in Volume 100, Issue 9
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Lanxess and Standard Lithium have finalized plans for a lithium production project in El Dorado, Arkansas. For almost 2 years, Standard has been testing a method to take brine from Lanxess’s bromine wells in the area and extract lithium carbonate for use as a battery raw material. Standard will now begin engineering an industrial-scale facility for the site. The firm will retain at least 51% of the project, and Lanxess will have the right to buy up to 49%. The deal allows Lanxess to buy Li2CO3 under favorable terms.

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