Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project development company, is undertaking a pilot project to test a novel carbon capture technology; the project is located in southern Arkansas. SLI is working with Aqualung Carbon Capture AS, the owner of the technology, on the project, which is being installed at a natural gas processing site owned and operated by Mission Creek Resources LLC. The objective of the project is to minimize CO2 emissions from operations and supply-chain activities, which aligns with the White House’s June 30, 2021, Carbon Capture, Utilization and Sequestration (“CCUS”) announcement that is designed to develop and deploy CCUS technologies to improve industrial processes. The project will evaluate whether regionally sourced CO2 may be utilized to optimize the flowsheet as well as reduce reagent costs and potential sequestration. According to the announcement, SLI’s operations lead the industry in advancing sustainability and circular economy. By funding the upcoming project, Standard continues its focus on a science-based strategy for sustainable development and continuous improvement of its lithium projects. “We are very pleased to be working in partnership with Aqualung and Mission Creek on this exciting project,” said Standard Lithium president and COO Dr. Andy Robinson in the press release. “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.”
To view the full press release, visit https://ibn.fm/cxgvl
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 more than 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 more than 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. For more information about the company, please visit www.StandardLithium.com.
NOTE TO INVESTORS: The latest news and updates relating to SLI are available in the company’s newsroom at https://ibn.fm/SLI
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