Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial, lithium-development company, has announced a “landmark” partnership with Equinor ASA (NYSE: EQNR) , a multinational energy company and recognized leader in renewables and low-carbon solutions. Together, the two companies will focus on accelerating the development of Standard Lithium’s large-scale, sustainable lithium West Arkansas and East Texas projects, which are located in the Smackover Formation. According to the announcement, the partnership involves Equinor contributing up to $160 million; Standard Lithium and Equinor will each own 55% and 45% of the projects respectively, with Standard Lithium retaining operatorship. “We are delighted to have concluded this transaction and begun an exciting new partnership with Equinor,” said Standard Lithium president, director and COO Dr. Andy Robinson in the press release. “We believe this partnership with a global energy major validates the quality of our team, our DLE flowsheet and experience, and our world-class lithium-brine resources in Arkansas and Texas. We’re at a crucial stage in our company’s growth, and this partnership with Equinor will be fundamental to the continued derisking and execution of these important projects. One thing that we have observed in the lithium world over the past decade is that strong, mutually aligned partnerships are the key to successful project execution and operation, and we believe we have aligned with the right partner to take SLI and the lithium industry in Arkansas and Texas to the next level. ”

Equinor Commits to Contribute up to a US$160 million Gross Investment for a 45% interest in two special purpose entities with SLI to develop a sustainable lithium business in the United States

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According to the Global Carbon Capture and Sequestration Institute think-tank, the pipeline for projects that capture and store carbon emissions has expanded by 44% in the last year to 244 million tonnes per year. Carbon capture and storage (CCS) technology has been used for years to boost oil well production rates, but rising carbon pricing … Continue reading "Global Carbon Capture Project Pipeline Grew by 44% Last Year"

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Our planet is still heavily reliant on the burning of fossil fuels in order to generate energy. With the burning of fossil fuels comes the emission of harmful gases that can continue to alter the climate of our planet. A technology that we currently have access to that can help mitigate the harm of burning fossil fuels known as carbon capture and storage, or CCS. Carbon capture technologies remove carbon from the atmosphere and either permanently store the carbon underground or re-purpose the carbon for use in other sectors.

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