HOUSTON, April 15,
2024 /PRNewswire/ -- KBR (NYSE: KBR) announced
today it has signed an alliance agreement with GeoLith SAS to offer
its advanced Direct Lithium Extraction (DLE) technology,
Li-Capt®. This technology enables zero-emission
lithium extraction from untapped sources like geothermal and oil
well brines.
Under the terms of the agreement, KBR will serve as
the exclusive global licensor of GeoLith's
Li-Capt® technology, which produces pure lithium
concentrate and is adaptable to various brine compositions and
extraction sources. This technology, in combination with KBR's
existing suite of battery material technologies including
PureLiSM, a high purity lithium production technology,
provides clients with an end-to-end solution to produce
battery-grade lithium carbonate or lithium hydroxide monohydrate,
essential components for advanced batteries in electric vehicles,
from lithium brine feedstock.
"We are excited to collaborate with GeoLith to pioneer
advancements in accessing currently untapped sources of lithium to
meet the world's increasing lithium-ion battery demand. This
alliance supports the global transition towards electrification and
reinforces our commitment to a net-zero carbon future," said
Jay Ibrahim, KBR President,
Sustainable Technology Solutions. "As a world leader in evaporation
and crystallization technologies, KBR is well positioned to provide
end-to-end solutions essential to the development of sustainable
mobility."
"The transition to electrification requires strong partnerships
across the value chain, and we are proud to work with KBR to
advance and commercialize our technology on a global scale," said
Jean-Philippe Gibaud, CEO, GeoLith
SAS. "Our Li-Capt® technology ensures zero-emission
lithium extraction, enabling the production of lithium concentrates
from a process technology that achieves unparalleled levels of
extraction efficiency and lithium selectivity."
KBR's process knowledge for the recovery and purification of
critical minerals stems from over seven decades of experience in
evaporation and crystallization technologies, all designed to
comply with evolving environmental regulations.
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 34,000 people worldwide with customers in more than
80 countries and operations in over 30 countries.
KBR is proud to work with its customers across the globe to
provide technology, value-added services, and long-term operations
and maintenance services to ensure consistent delivery with
predictable results. At KBR, We Deliver.
Visit www.kbr.com
About GeoLith
GeoLith develops and commercializes Li-Capt®, an
innovative technology enabling sustainable and local lithium
production from brines. We are a team of 30 people in France, the United
States, and Chile, serving
customers worldwide.
GeoLith proudly works to liberate the world from fossil fuel
dependency by leading the lithium industry toward a sustainable
future.
Forward Looking Statements
The statements in this press release that are not historical
statements, including statements regarding future goals,
commitments, demands and performance, are forward-looking
statements within the meaning of the federal securities laws. These
statements are subject to numerous risks, uncertainties, and
assumptions, many of which are beyond the company's control, that
could cause actual results to differ materially from the results
expressed or implied by the statements. These risks, uncertainties
and assumptions include, but are not limited to, those set forth in
the company's most recently filed Annual Report on Form 10-K, any
subsequent Form 10-Qs and 8-Ks and other U.S. Securities and
Exchange Commission filings, which discuss some of the important
risks, uncertainties and assumptions that the company has
identified that may affect its business, results of operations and
financial condition. Due to such risks, uncertainties, and
assumptions, you are cautioned not to place undue reliance on such
forward-looking statements, which speak only as of the date hereof.
Except as required by law, the company undertakes no obligation to
revise or update publicly any forward-looking statements for any
reason.
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SOURCE KBR, Inc.