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Standard Lithium and Equinor Finalize Partnership for $225 Million Grant from the U.S. Department of Energy
Jan 16, 2025•over 1 year ago
Contract Type
partnership
VancouverOtherDescription
Standard Lithium and Equinor have finalized a partnership to receive a $225 million grant from the U.S. Department of Energy to support construction of Phase 1 of the South West Arkansas project. The project is expected to be one of the world’s first commercial-scale Direct Lithium Extraction facilities, aimed at producing 45,000 tonnes per annum of lithium carbonate.
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Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months