Exxon aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation in Arkansas. The company purchased 120,000 acres of land at the Smackover formation and plans to supply enough lithium to support the manufacture of 1 million electric vehicles annually by 2030.
Exxon is launching a lithium drilling operation in Arkansas to become a leading producer of lithium for electric vehicle batteries. The company purchased 120,000 acres of land at the Smackover formation and aims to supply enough lithium to support the manufacture of 1 million electric vehicles annually by 2030.
Exxon Lithium Drilling Operation Arkansas Electric Vehicles Batteries
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Northeast Arkansas deer hunters helping the hungryThe nonprofit Hunters Feeding the Hungry is partnering with Arkansas State University to ensure children across the state don't go hungry.
Read more »
Netanyahu is right that Israel is the best hope for Gaza’s own citizensQuin Hillyer is the deputy commentary editor for the Washington Examiner. He is a former executive editor for the American Spectator and has served in senior roles for the Washington Times, the Mobile Register, the Arkansas Democrat-Gazette, and Gambit New Orleans Weekly and has been published in almost every major newspaper in the nation.
Read more »
Exxon Mobil moving into lithium production business for electric-vehicle batteriesSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Read more »
Exxon Mobil moving into lithium production for electric-vehicle batteriesOil major plans to produce enough lithium for more than 1 million EVs per year by 2030
Read more »
Exxon Mobil to Produce Lithium for Electric-Car BatteriesExxon Mobil plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries and advanced electronics. The company aims to develop a domestic source of lithium to meet the increasing demand for electric vehicles.
Read more »
Bitcoin Rises Over 120% YTD, Crypto Sentiment ImprovesBitcoin has seen a significant increase in price, indicating improved crypto sentiment. Short-term volatility is expected due to upcoming economic data and a government shutdown deadline. Analysts anticipate a rally in Bitcoin in 2024.
Read more »