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Now we’re adding a new one The product offer will be branded as mobil™ lithium, building on. Exxon said that by 2030 it aims to produce enough lithium to supply the manufacturing needs more than 1 million electric vehicles

Supplying Lithium for EVs: SK & ExxonMobil| ExxonMobil

“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. Work has begun for the company’s first phase of north america lithium production in southwest arkansas, an area known to hold significant lithium deposits 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.

Exxon in early 2023 acquired the rights to 120,000 gross acres of the smackover formation in arkansas, considered one of the most prolific lithium resources of its type in north america.

Exxonmobil and sk on sign mou to secure up to 100,000 metric tons of lithium for us ev battery manufacturing. Xom) today announced plans to become a leading producer of lithium, a key component of electric vehicle (ev) batteries