Standard Lithium Ltd. (Canadian Venture Exchange: SLI) is coming one step closer to achieving sustainable operations. The lithium development company announced that its Carbon Capture Pilot Plant has been successfully installed at the final testing location in southern Arkansas.
The pilot, first announced in September 2021 in partnership with the owner of the carbon capture technology Aqualung Carbon Capture AS, will aim to assess the technical and financial viability for Standard Lithium to capture CO2 directly from natural gas-burning flue-gas streams. It also aims to inform how the company can use technology to minimize CO2 emissions at future production facilities.
The initiative is part of the company’s commitment to achieving sustainable processes across all its operations. Its main business is focused on proving sustainable lithium extraction. It uses a technology that utilizes a grained, solid, inorganic adsorbent to selectively adsorb lithium ions from the brine. For that purpose, it extracts lithium from over 150,000 acres of permitted brine operations in North America.
Standard Lithium’s carbon capture technology would minimize CO2 emissions that may result from its future operations and related supply-chain activities. The company has identified several areas where CO2-rich gas streams may be used to optimize its process and reduce reagent costs. It will also explore the potential sequestration of CO2.
Relevant: Standard Lithium And Aqualung To Partner On Carbon Capture Development
“Standard Lithium is committed to ushering in a new generation of sustainable mineral extraction by exploring novel, cutting-edge technologies designed to minimize carbon emissions. We look forward to testing this innovative carbon capture technology to better understand how Standard Lithium can engage in the most sustainable production processes, while integrating low-carbon lithium products into North America’s energy transition supply chain,” explained Dr. Andy Robinson, President and COO of Standard Lithium.
The pilot project will also be undertaken in collaboration with the owner of the technology, Aqualung Carbon Capture AS. It will be installed at a natural gas processing site in southern Arkansas owned and operated by Mission Creek Resources LLC. Standard Lithium became one of the owners of the novel carbon capture technology through its $2.5 million equity investment in Aqualung Carbon Capture AS, announced back in 2022.
Relevant: Aqualung Closes $10 Million Equity Round Boosting Unique Carbon Capture Tech