Standard Lithium Signs Joint Development Agreement With Koch Technology Solutions
EL DORADO, Ark., May 09, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, is pleased to announce that it has signed a Joint Development Agreement (JDA) with Koch Technology Solutions (KTS), an affiliate of Koch Engineered Solutions, to share data and jointly develop and commercialize integrated lithium brine processing flowsheets for Standard Lithium’s exclusive use in the Smackover Formation. The agreement will further enhance Standard Lithium’s position to build the first U.S. commercial lithium project in several decades and to begin to meet the surging demand for lithium.
- EL DORADO, Ark., May 09, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, is pleased to announce that it has signed a Joint Development Agreement (JDA) with Koch Technology Solutions (KTS), an affiliate of Koch Engineered Solutions, to share data and jointly develop and commercialize integrated lithium brine processing flowsheets for Standard Lithium’s exclusive use in the Smackover Formation.
- The agreement will further enhance Standard Lithium’s position to build the first U.S. commercial lithium project in several decades and to begin to meet the surging demand for lithium.
- Under the JDA, Standard Lithium and KTS will work together to integrate the proprietary KTS Li-Pro™ Lithium Selective Sorption (LSS) technology into a complete flowsheet solution, and Standard Lithium will have exclusive rights to deploy this technology at any of its projects in the Smackover Formation under a license agreement.
- KTS will also provide firm performance guarantees for the deployment and operation of the technology at high levels of commercial lithium extraction, allowing Standard Lithium to accelerate the development process cost-efficiently.