KBR and GeoLith Enter into an Exclusive Alliance to Offer Advanced, Zero-Emission Lithium Technology Globally
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An alliance between KBR and GeoLith centers on Direct Lithium Extraction (DLE) technology, which has the potential to disrupt the lithium supply chain. This Li-Capt® technology allows the extraction of lithium with minimal environmental footprint, touted for its zero-emission capability. Advanced DLE technologies, like Li-Capt®, are increasingly important as the demand for electric vehicle batteries soars.
Examining the environmental benefits, Li-Capt® is designed to produce lithium concentrate while minimizing the ecological impact that traditional mining operations have. This fits within broader industry trends pushing for more sustainable extraction methods. KBR's expertise in evaporation and crystallization technologies could lead to a more eco-friendly processing of battery-grade lithium materials, which is aligned with global carbon reduction goals.
Li-Capt® technology's adaptability to different brine sources could expand the geographical scope of lithium sourcing, potentially reducing market volatility and ensuring a more stable supply chain for battery manufacturers. This diversification of sources can also protect against geopolitical risks that can affect traditional mining operations.
The strategic alliance between KBR and GeoLith is indicative of the evolving competitive landscape in the lithium market. As lithium is a critical component in the production of electric vehicles, this partnership could position KBR as a key player in the supply chain, with potential benefits to its market share and investor interest.
In the short term, this collaboration may lead to increased R&D expenditures as the technology scales, potentially affecting KBR's financial performance. In the long term, however, the widespread adoption of DLE technology could lead to cost efficiencies and higher profit margins, given the superior extraction efficiency and selectivity of Li-Capt® compared to conventional lithium extraction methods.
Investors should note that the success of this alliance hinges on the operational execution and commercial viability of the technology. Companies in the electric vehicle sector may also witness a ripple effect, as a more sustainable and efficient supply of lithium could lower production costs and accelerate the transition to electrification.
Under the terms of the agreement, KBR will serve as the exclusive global licensor of GeoLith's Li-Capt® technology, which produces pure lithium concentrate and is adaptable to various brine compositions and extraction sources. This technology, in combination with KBR's existing suite of battery material technologies including PureLiSM, a high purity lithium production technology, provides clients with an end-to-end solution to produce battery-grade lithium carbonate or lithium hydroxide monohydrate, essential components for advanced batteries in electric vehicles, from lithium brine feedstock.
"We are excited to collaborate with GeoLith to pioneer advancements in accessing currently untapped sources of lithium to meet the world's increasing lithium-ion battery demand. This alliance supports the global transition towards electrification and reinforces our commitment to a net-zero carbon future," said Jay Ibrahim, KBR President, Sustainable Technology Solutions. "As a world leader in evaporation and crystallization technologies, KBR is well positioned to provide end-to-end solutions essential to the development of sustainable mobility."
"The transition to electrification requires strong partnerships across the value chain, and we are proud to work with KBR to advance and commercialize our technology on a global scale," said Jean-Philippe Gibaud, CEO, GeoLith SAS. "Our Li-Capt® technology ensures zero-emission lithium extraction, enabling the production of lithium concentrates from a process technology that achieves unparalleled levels of extraction efficiency and lithium selectivity."
KBR's process knowledge for the recovery and purification of critical minerals stems from over seven decades of experience in evaporation and crystallization technologies, all designed to comply with evolving environmental regulations.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 34,000 people worldwide with customers in more than 80 countries and operations in over 30 countries.
KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
About GeoLith
GeoLith develops and commercializes Li-Capt®, an innovative technology enabling sustainable and local lithium production from brines. We are a team of 30 people in
GeoLith proudly works to liberate the world from fossil fuel dependency by leading the lithium industry toward a sustainable future.
Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding future goals, commitments, demands and performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties, and assumptions, many of which are beyond the company's control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other
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SOURCE KBR, Inc.
FAQ
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