Standard Lithium Initiates Arkansas Carbon Capture Project
14 September 2021 - 9:00PM
Standard Lithium Ltd. (“Standard Lithium” or the
“Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an
innovative technology and lithium project development company,
announced that it is undertaking a pilot project in southern
Arkansas to test a novel carbon capture technology. The pilot
project will be undertaken in collaboration with the owner of the
technology, Aqualung Carbon Capture AS (“Aqualung”), and will be
installed at a natural gas processing site in southern Arkansas
owned and operated by Mission Creek Resources LLC (“Mission
Creek”).
Standard Lithium’s ongoing operations lead the
industry in advancing sustainability and circular economy. By
funding this project, Standard seeks to build on its science-based
strategy for sustainable development and continuous improvement at
its Arkansas lithium projects. The Company is focused on minimizing
all CO2 emissions that may result from its future operations and
related supply-chain activities. The Company has identified several
areas where CO2-rich gas streams may be used to optimize its
process and reduce reagent costs, as well as potentially sequester
CO2.
Dr. Andy Robinson, President and COO of Standard
Lithium commented, “We are very pleased to be working in
partnership with Aqualung and Mission Creek on this exciting
project; the future of the lithium industry rests on being able to
produce sustainable battery-quality chemicals with the lowest
carbon footprint in jurisdictions where their production is wanted
and needed. We feel that successful proof of this carbon capture
technology in Southern Arkansas may demonstrate another important
technological step towards making the Gulf Coast region an
industry-leading producer of sustainable lithium chemicals.”
Standard Lithium’s current and planned expansion
of its production of a key battery metal advances the U.S. goal to
“secure an end-to-end domestic supply chain for advanced
batteries”, as well as support the “sustainable domestic production
and processing of critical minerals.” Today’s announced pilot
project builds on and aligns with the White House’s Carbon Capture,
Utilization and Sequestration (CCUS) announcement on June 30, 2021,
which seeks to develop and deploy CCUS technologies to improve
industrial processes.
Aqualung, a Norwegian technology company, is the
sole license owner of the patent-protected technology, which was
developed by the Norwegian University of Science and Technology
(“NTNU”), and results from over 20 years of research at NTNU into
membrane separation of gasses. The technology is based on a
membrane system that selectively extracts CO2 from a wide range of
CO2 sources emitted by hydrocarbon-burning energy sources. It
produces a high purity CO2 gas stream that can either be
sequestered or reused. The technology has been successfully piloted
in Europe, where it has been shown to effectively extract CO2 from
carbon gas streams.
Erik Mathiesen, CEO of Aqualung carbon capture,
commented “We are very pleased to partner up with Standard Lithium
and Mission Creek on this important pilot project. Aqualung
seeks to take an active role in the industrial energy transition
with our high-performing, low cost, light footprint all-natural
process for capturing CO2. This project will prove
the unique second-generation membrane technology’s
contribution within an important business area in the circular
economy.”
The pilot project will be located at Mission
Creek’s Dorcheat Macedonia facility and will take a slipstream of
flue gas for processing through the Aqualung pilot unit. The
resulting concentrated CO2 stream will be utilized in Standard
Lithium’s ongoing R&D activities to investigate the utilization
of southern Arkansas sourced CO2 for process and reagent
optimization. Manufacturing of the pilot unit is
expected to begin in Q4 2021, and, pending permitting and
finalizing of other agreements, to be installed at the project site
in Q1/2 2022.
About Standard Lithium Ltd.
Standard Lithium is an innovative technology and
lithium development company. The company's flagship project is
located in southern Arkansas, where it is engaged in the testing
and proving of the commercial viability of lithium extraction from
over 150,000 acres of permitted brine operations. The company has
commissioned its first-of-a-kind industrial-scale direct lithium
extraction demonstration plant at Lanxess's south plant facility in
southern Arkansas. The demonstration plant utilizes the company's
proprietary LiSTR technology to selectively extract lithium from
Lanxess's tail brine. The demonstration plant is being used for
proof-of-concept and commercial feasibility studies. The scalable,
environmentally friendly process eliminates the use of evaporation
ponds, reduces processing time from months to hours and greatly
increases the effective recovery of lithium. The company is also
pursuing the resource development of over 30,000 acres of separate
brine leases located in southwestern Arkansas and approximately
45,000 acres of mineral leases located in the Mojave Desert in San
Bernardino county, California.
Standard Lithium is jointly listed on the TSX
Venture and the NYSE American Exchanges under the trading symbol
“SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”.
Please visit the Company’s website
at www.standardlithium.com.
On behalf of the Board of Standard Lithium Ltd.
Robert Mintak, CEO & Director
For further information, contact Anthony Alvaro at (604) 240
4793
Twitter @standardlithium
LinkedIn https://www.linkedin.com/company/standard-lithium/
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