One of Eureka’s water treatment facilities MGX Minerals and Eureka Resources are planning a joint venture to extract lithium from water produced at non-conventional oil and gas sites in eastern US.
he pair signed a letter of intent to form an exclusive JV, planning to use MGX's "rapid lithium extraction technology" at Eureka's treatment plants to recover the battery material ingredient.
Eureka said it converted 10,000 barrels a day of "produced water", from oil and gas operators in the Marcellus and Utica shale formations, into valuable co-products including fresh water and high-purity sodium chloride.
"Through this joint venture, Eureka will begin extracting lithium as well," the companies said.
MGX president and CEO Jared Lazerson said the JV would not only look to install an initial rapid recovery system immediately but viewed it as "the first step in executing the strategic vision of petrolithium".
"The extraction of lithium from oil and gas well sources is a broad paradigm shift for the energy sector," he said.Source: Energy News Bulletin
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