article thumbnail

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

article thumbnail

Arkansas may be sitting on 19 million tons of lithium

Baua Electric

Published in the journal Science Advances , the research said the lithium found in southern Arkansas could make up to 36% to 136% of the current US lithium reserve estimate – of course, that’s a sweeping number, but we get the gist. The post Arkansas may be sitting on 19 million tons of lithium appeared first on Bauaelectric EV News.

article thumbnail

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.

article thumbnail

Department of Interior awards initial $560M to 24 states to plug, cap and reclaim orphaned oil and gas wells

Green Car Congress

The Department of the Interior awarded an initial $560 million from the Bipartisan Infrastructure Law to 24 states to begin work to plug, cap and reclaim orphaned oil and gas wells. Arkansas and Mississippi will receive $5 million each to support methane measurement and begin plugging wells. California. 1,000-1,200. Mississippi. *.

article thumbnail

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.

Arkansas 363
article thumbnail

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

Green Car Congress

Note: Tax rates increased by $0.001/gal in Arkansas and by $0.0005/gal in Missouri. The 2022 “Inflation Reduction Act” reinstated the Hazardous Substance Superfund financing rate on domestic crude oil and imported petroleum products, which refinery operators and importers pay. These taxes have increased in 13 states since July 2022.

Tax 273
article thumbnail

ExxonMobil signs lithium offtake agreement with SK On – Charged EVs

Baua Electric

Oil companies getting involved in lithium production? The terms enable SK On to explore a multiyear agreement that would allow it to secure up to 100,000 metric tons of lithium from ExxonMobil’s project in Arkansas for SK On’s battery plants in the US.