FAQ on Standard Lithium Ltd.'s Exclusive Tech License with Koch for Enhanced Lithium Extraction
Summary
Standard Lithium Ltd. has secured an exclusive technology license with Koch Technology Solutions to utilize their Li-Pro Lithium Selective Sorption technology, aiming to significantly boost lithium extraction efficiency and purity at the South West Arkansas Project.
What is the main purpose of Standard Lithium Ltd.’s agreement with Koch Technology Solutions?
The agreement allows Standard Lithium to use Koch’s Li-Pro Lithium Selective Sorption (LSS) technology to enhance lithium recovery rates and purity at their South West Arkansas Project, with performance guarantees including a 95% lithium recovery rate and over 99% rejection of impurities.
Why is this technology license significant for Standard Lithium Ltd.?
This license is significant because it provides Standard Lithium with access to advanced lithium recovery technology that promises high efficiency and purity, supporting the company’s goal to lead in sustainable lithium production and advancing the viability of lithium extraction in Arkansas’s Smackover Formation.
How does the Li-Pro LSS technology work?
The Li-Pro LSS technology is a lithium selective sorption process that achieves a 95% lithium recovery rate and over 99% rejection of impurities like calcium and sodium, enabling cost-effective, high-purity lithium extraction from brine.
Who is involved in this partnership besides Standard Lithium Ltd.?
The partnership includes Koch Technology Solutions, which provides the Li-Pro LSS technology, and Equinor, through its SWA Lithium joint venture with Standard Lithium for the South West Arkansas Project.
Where is the South West Arkansas Project located?
The South West Arkansas Project is located in the Smackover Formation in southern Arkansas, a region known for its high-grade lithium-brine properties.
What are the expected benefits of using the Li-Pro LSS technology at the South West Arkansas Project?
The benefits include a significant increase in lithium extraction efficiency and purity, cost-effectiveness, and the advancement of sustainable lithium production, as demonstrated by the technology’s performance at Standard Lithium’s demonstration plant in El Dorado, Arkansas.
How has the Li-Pro LSS technology been validated?
The technology’s effectiveness has been validated at Standard Lithium’s demonstration plant in El Dorado, Arkansas, which has processed over 24 million gallons of brine since April with a 95.4% lithium recovery rate.
What is Standard Lithium Ltd.’s goal with this technology?
Standard Lithium aims to achieve sustainable, commercial-scale lithium production by applying scalable and fully integrated direct lithium extraction and purification processes, leveraging the Li-Pro LSS technology to enhance efficiency and purity.
Where can I find more information about Standard Lithium Ltd. and its projects?
More information about Standard Lithium Ltd. and its projects can be found on their official website at www.StandardLithium.com and in the company’s newsroom at https://ibn.fm/SLI.
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