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Now we’re adding a new one The arkansas oil and gas commission's approval grants exxon's (nyse Exxon said that by 2030 it aims to produce enough lithium to supply the manufacturing needs more than 1 million electric vehicles

ExxonMobil announces plans for lithium production in central US

“lithium is essential to the energy transition, and exxonmobil has a leading role to play in paving the way for electrification,” dan ammann, president of exxonmobil low carbon solutions, said in a news release. Exxonmobil defeats occidental to secure arkansas lithium rights, poised to dominate us battery mineral production using direct extraction technology. The us oil major now plans to produce enough lithium to supply around 1 million electric vehicles (evs) “by the first half of.

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This venture into the lithium space by the country’s biggest oil major shows just how essential companies like exxonmobil, with all the technical, scientific, engineering, and project execution.