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Vast lithium reserves discovered in Arkansas, says USGS  – Charged EVs

Baua Electric

Researchers at the US Geological Survey (USGS) say they have located high concentrations of lithium brine in the Smackover Formation in southern Arkansas. million metric tons) of lithium in Smackover Formation brine in southern Arkansas. to 19 million tons (4.63

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EV battery maker SK On to buy 100k metric tons of Arkansas lithium from ExxonMobil

Baua Electric

Image: Ford EV battery maker SK On has signed a non-binding agreement to buy lithium from ExxonMobil’s first planned extraction project in Arkansas. The Arkansas project will extract lithium from underground saltwater deposits and convert it into battery-grade material onsite. Get started here.

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Major spill from the ExxonMobil Pegasus pipeline in Arkansas

Green Car Congress

A breach in ExxonMobil’s Pegasus crude oil pipeline occurred late Friday afternoon near Mayflower, AR (about 20 miles north northwest of Little Rock and at the southeastern end of the Lake Conway reservoir). Efforts are being made to keep oil away from Lake Conway. Route of the Pegasus pipeline. Source: ExxonMobil. Click to enlarge.

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EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

Green Car Congress

In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). Data source: US Energy Information Administration, federal and state motor fuels taxes table. These Superfund taxes include a $0.09

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USDA providing $9.6M to create 9,000 acres of BCAP project areas for non-food energy crop production

Green Car Congress

million for the creation of two new Biomass Crop Assistance Program ( BCAP ) project areas in New York and North Carolina, and the expansion of an already established BCAP project area in Arkansas. This Arkansas BCAP project area is sponsored by MFA Oil Biomass LLC, in Columbia, Mo.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

Green Car Congress

Exxon Mobil Corporation is acquiring XTO Energy Inc. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. in an all-stock transaction valued at $41 billion.

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Blackstone and Alta Resources partner to invest up to $1B to acquire and develop unconventional oil & gas assets in North America

Green Car Congress

Alta Resources, LLC and Blackstone Capital Partners, an affiliate of The Blackstone Group have formed Alta Energy Partners which will invest up to $1 billion to acquire and develop unconventional oil and gas assets in North America. Founded in 1999 by Joseph G.