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Saudi Arabia Taps Aramco Oil Field Brine in Lithium Battery Push

^{Published on 2024-12-18 08:02:19 - bnnbloomberg}
 

• Saudi Arabia is exploring projects that can produce lithium for batteries in an effort to ramp up production in the Middle Eastern oil exporter.

Saudi Arabia is exploring the extraction of lithium from the brine of its oil fields as part of a strategic push into the electric vehicle (EV) battery market. The country, through its state oil company Aramco, is collaborating with Aramco Ventures and the King Abdullah University of Science and Technology (KAUST) to develop technology for extracting lithium from oil field brine. This initiative aims to diversify Saudi Arabia's economy away from oil dependency by tapping into the growing demand for lithium, a critical component in EV batteries. The project not only seeks to produce lithium but also to potentially create a new industry around battery technology, leveraging the country's vast oil infrastructure. This move aligns with global trends towards sustainable energy and could position Saudi Arabia as a significant player in the EV supply chain.

Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/investing/2024/12/18/saudi-arabia-taps-aramco-oil-field-brine-in-lithium-battery-push/ ]

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