08:14 AM EDT, 09/10/2024 (MT Newswires) -- Schlumberger ( SLB ) said Tuesday it has demonstrated successful sustainable lithium production at scale at its Clayton Valley, Nevada plant.

Schlumberger ( SLB ) said its proprietary integrated approach, which combines its subsurface expertise with surface engineering of advanced technologies that include direct lithium extraction, is capable of producing lithium 500 times faster than conventional methods while using only 10% of the land.

The company said the plant, which operates at one-tenth the size of a commercial-scale facility, achieved a verified recovery rate of 96% lithium from brine.

SLB said its process produces high-purity lithium carbonate or hydroxide within hours, compared to up to 18 months for traditional evaporation methods.

Price: 40.45, Change: +0.04, Percent Change: +0.10