Benzinga | Mar 18, 2021 09:05AM EDT

Schlumberger New Energy's NeoLith Energy To Launch Lithium Extraction Pilot Plant In Nevada

NeoLith Energy's differentiated direct lithium extraction process aims to enable a sustainable, efficient, and flexible lithium production ecosystem.

Schlumberger New Energy announced today the development of a lithium extraction pilot plant through its new venture, NeoLith Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. This innovative process can create new market opportunities for lithium extraction and battery manufacturing economy, and maximize the value of the lithium-rich resource base in Nevada with cutting-edge extraction technology.