Chevron USA Inc. a subsidiary of Chevron Corporation, has formalized its entry into the domestic lithium market by acquiring approximately 125,000 net acres in strategic areas of Texas and Arkansas. The acquisitions were made through two separate agreements with TerraVolta Resources, backed by The Energy & Minerals Group (EMG) and East Texas Natural Resources (ETNR) LLC.
Efficient lithium production in the U.S.
The lands are located on the well known Smackover Formation, a basin rich in brines with high lithium content. This area has attracted the interest of the energy sector for its potential to supply the growing demand for this essential mineral in the transition to cleaner energy sources.
In this new venture, Chevron plans to apply direct lithium extraction (DDE) technologies (EDL), a method that allows the mineral to be extracted from subway brines more efficiently and with less environmental impact than traditional methods. This technical innovation reflects the company’s interest in leveraging its subsurface resource management capabilities to diversify its portfolio.
Our investment represents a contribution to the development of resilient lithium supplies within the U.S., aligned with the goal of strengthening national energy security.
Jeff Gustavson, president of Chevron New Energies, noted.
Lithium enters the energy portfolio
With this move, the company seeks to insert itself fully into the lithium supply chain, a key input in the production of batteries. production of batteries batteries for electric vehicles and energy storage systems. storage systems. The move also responds to Washington’s strategic guidelines to consolidate domestic sources of critical minerals.
Chevron plans to scale up the project to commercial operations in the next few years, focusing on technological innovation to meet both market demand and current environmental standards.Chevron plans to scale the project to commercial operations in the coming years, focusing on technological innovation to meet both market demand and current environmental standards.
This move confirms the growing interest of energy giants in sectors traditionally left out of the oil and gas business, positioning lithium as a central component of future U.S. energy strategy.
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Source: Chevron
Photo: Shutterstock
