Stardust Energy (Nasdaq: SDST), a US battery-grade lithium product developer, has formally damaged floor on its $1.2 billion lithium refinery in Oklahoma, which will likely be one of many largest within the US.
The ability will finally be capable of produce as much as 50,000 metric tons per 12 months of battery-grade lithium.
January 27, 2025, replace: Final month, Stardust Energy accomplished and introduced the acquisition of its 66-acre web site in Muskogee, Oklahoma. “With the land acquired and needed building permits secured in 2024, we’re excited to interrupt floor and start building,” stated Roshan Pujari, founder and CEO of Stardust Energy.
The refinery will likely be developed in two phases: The primary will assemble a manufacturing line able to producing as much as 25,000 metric tons per 12 months, and the second will add one other manufacturing line, bringing the whole capability to 50,000 metric tons per 12 months.
January 17, 2024: Stardust Energy first introduced it could construct the “US’s largest battery-grade lithium refinery in Oklahoma” in January 2024.
The refinery will likely be in Southside Industrial Park in Muskogee, Oklahoma, southeast of Tulsa. Connecticut-based Stardust Energy stated it chosen Muskogee due to the state’s central US location for supply and cargo. Muskogee additionally has a talented workforce skilled in oil and fuel engineering.
It can use Port Muskogee on the McClellan-Kerr Arkansas River Navigation System to ship lithium brine water to the refinery, the place it’s going to derive the lithium, after which use the identical inland waterway system to ship battery-grade lithium out.
Roshan Pujari, founder and CEO of Stardust Energy, stated, “At the moment there isn’t a large-scale refinery for battery-grade lithium in the US… When absolutely operational, our new lithium refinery will each velocity America’s power transition and increase Oklahoma’s native economic system…”
Stardust Energy’s refinery is predicted to be eligible to obtain as much as $257 million in state and federal financial incentives for the power’s buildout. The corporate at the moment expects to interrupt floor within the first half of 2024.
In November, Stardust Energy introduced it was set to record on the Nasdaq by a SPAC deal with acquisition firm World Companion Acquisition Corp (Nasdaq: GPAC).
In 2022, Oklahoma ranked third within the US for electrical energy era from wind, which accounted for 93% of the state’s whole renewable era. However with 5 petroleum refineries, it’s additionally the nation’s fifth-largest producer of marketed pure fuel and the sixth-largest producer of crude oil.
Learn extra: A California lake has sufficient lithium to energy 375 million EVs
Picture: Port Muskogee
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