L R AS Published on Sunday 27 August 2023 - n° 454 - Categories:battery materials

Stellantis (ex-PSA) sources lithium

Stellantis invests $100 million to develop the Hell's Kitchen project

by Controlled Thermal Resources in California. This is the world's largest geothermal lithium project, with a total resource production capacity of 300,000 tonnes per year of lithium carbonate equivalent. Stellantis will receive 65,000 tonnes of lithium hydroxide monohydrate (LHM) per year for battery manufacture over the 10-year life of the agreement. This will enable Stellantis' electric vehicles to qualify for consumer incentives under the US Inflation Reduction Act.

CTR's Hell's Kitchen project in Imperial County, California will use geothermal brine to produce 'green' lithium for batteries from renewable energy and steam in an integrated closed-loop process. This avoids the need for brine ponds, open-pit mines or fossil fuels.

https://www.abcbourse.com/marches/stellantis-investit-dans-ctr-et-la-production-de-lithium-a-faibles-emissions-aux_603427

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