onsdag 9 maj 2018

Mycket intressanta nyheter från Standard Lithium

Samarbete med tysk kemijätte som redan idag utvinner brom från brom/litium haltigt brine i USA.

Lanxess Aktiengesellschaft is a specialty chemicals company based in Cologne, Germany that was founded in 2004 via the spin-off of the chemicals division and parts of the polymers business from Bayer AG. Wikipedia
Stock priceLXS (ETR) 67,56 € +0,72 (+1,08 %)
9 May, 12:33 CEST - Disclaimer
CEOMatthias Zachert (Apr 1, 2014–)
Revenue7.699 billion EUR (2016)

Standard Lithium Signs MoU With Global Specialty Chemical Company LANXESS For The Development Of Commercially Viable Extraction Of Lithium From Operational Smackover Brine Resource

May 09, 2018 – Vancouver, BC – Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (FRA: S5L) is pleased to announce the signing of a Memorandum of Understanding (MoU) with global specialty chemicals company LANXESS Corporation (“LANXESS”) and its US affiliate Great Lakes Chemical Corporation (“GLCC”), with the purpose of testing and proving the commercial viability of extraction of lithium from brine (“tail brine”) that is produced as part of Lanxess’s bromine extraction business at its three Southern Arkansas facilities. LANXESS’ land operations in Southern Arkansas encompass more than 150,000 acres, 10,000 brine leases and surface agreements and 250 miles of pipelines. LANXESS extracts the brine from their wells located throughout the area, and the brine is transported to the three Arkansas plants through a network of pipelines. The three bromine extraction plants currently employ approximately 500 people and process and reinject several hundred thousand barrels of brine per day. Standard Lithium has developed proprietary processes related to the extraction of high purity lithium directly from brines, including tail brine. Additionally, the Company has secured the rights to conduct exploration, production and lithium extraction activities on roughly 30,000 acres of brine leases located elsewhere in the Smackover Formation in Southwest Arkansas.
The MoU sets out the basis on which the parties have agreed to cooperate in a phased process towards developing commercial opportunities related to the production, marketing and sale of battery grade lithium products extracted from tail brine and brine produced from the Smackover Formation. The MoU forms the basis of what will become a definitive agreement and is binding until the execution of a more comprehensive agreement that the parties may execute on the completion of further development phases. Standard Lithium has paid an initial US$3,000,000 reservation fee to LANXESS to secure access to the tail brine, with additional fees and obligations in the future subject to certain conditions.
Robert Mintak CEO of Standard Lithium commented “We are delighted to be entering into a cooperation with Lanxess, a highly-respected world leader in the specialty chemical sector.” Mr. Mintak added, “given the scale of the existing infrastructure and potential resource, the mitigation of project execution risks and acceleration of the Smackover project development timeline, this MoU represents an important step for Standard Lithium.”
Dr. Andy Robinson, President and COO of the Company stated “This project provides the perfect opportunity to test modern brine processing technology on an existing lithium brine stream. We hope to move as quickly as possible towards deploying our Pilot Plant.”
I mångt och mycket är detta en kvalitetsstämpel för Standard Lithium att ett så här stort kemiföretag väljer att arbeta med dem. Det är också ett uppenbart snabbspår mot produktion både genom know how och existerande infrastruktur. Kort sagt mycket välkommen nyhet.

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