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ExxonMobil teamed up with Tetra Technologies to develop 6,100 acres of lithium in the US’ Arkansas, according to a statement on Thursday.
The partnership is a step forward in the company’s plan to control production of the main metal used in Electric Vehicles (EV) batteries.
The fast-paced growth of ExxonMobil in the lithium sector comes along with the companies’ interest in technologies that aim to provide the world with the lightweight metal.
Tetra Technologies is a major company in the field of water treatment and is expected to be able to produce bromine after the agreement, to be used in EV battery production.
