Schlumberger unit to launch Nevada lithium plant as EV demand rises
Lithium carbonate precipitate (Stock Image)
Oilfield services firm Schlumberger’s New Energy division said on Thursday it would launch a lithium extraction plant in Nevada to cash in on the surging demand for the battery metal from electric vehicle makers and technology companies.
The division said it has invested more than $15 million in the direct lithium extraction process and expects the development and operation of the Nevada plant to require similar funding.
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Earlier this year, top lithium producer Albemarle Corp said it would double production at its facility in Silver Peak, Nevada
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