Exxon aims to become a top lithium producer for electric vehicles with Arkansas drill operation
Publishing timestamp: 2023-11-13 10:57:07
Summary
Exxon Mobil plans to produce lithium for electric vehicle batteries by 2027. The company has purchased land in Arkansas and aims to become a leading producer of lithium for electric vehicles. Exxon is investing in lithium production as part of its efforts to address climate change and reduce emissions. The demand for lithium batteries is expected to increase significantly in the coming years as the US shifts to electric vehicles.
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Keywords: markets, breaking news: business, politics, exxon mobil corp, business, energy, breaking news: markets, climate, health care industry, biotech and pharmaceuticals, oil and gas, breaking news: politics, biotechnology, u.s. economy, business news,
Source: https://www.cnbc.com/2023/11/13/exxon-to-produce-lithium-for-electric-vehicles-in-arkansas.html