ExxonMobil Drilling First Lithium Well in Arkansas, Aims to Be a Leading Supplier for Electric Vehicles by 2030
Work has begun for the company’s first phase of North America lithium production in southwest Arkansas, an area known to hold significant lithium deposits.
- Work has begun for the company’s first phase of North America lithium production in southwest Arkansas, an area known to hold significant lithium deposits.
- “Lithium is essential to the energy transition, and ExxonMobil has a leading role to play in paving the way for electrification,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions.
- Demand for lithium is expected to quadruple by 2030, and virtually all lithium today is produced outside of North America.
- By 2030, ExxonMobil aims to be producing enough lithium to supply the manufacturing needs of well over a million EVs per year.