KBR and GeoLith Enter into an Exclusive Alliance to Offer Advanced, Zero-Emission Lithium Technology Globally
Portfolio Pulse from Benzinga Newsdesk
KBR (NYSE:KBR) has entered into an exclusive alliance with GeoLith SAS to globally offer GeoLith's Direct Lithium Extraction (DLE) technology, Li-Capt®, which enables zero-emission lithium extraction from sources like geothermal and oil well brines. This agreement positions KBR as the exclusive global licensor of Li-Capt®, complementing its suite of battery material technologies and providing clients with a comprehensive solution for producing battery-grade lithium.
April 15, 2024 | 10:04 am
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KBR's exclusive global licensing agreement with GeoLith for the Li-Capt® technology could enhance its position in the lithium extraction and battery material market, potentially leading to increased revenue from licensing and services.
The exclusive alliance with GeoLith positions KBR at the forefront of zero-emission lithium extraction technology, a critical component for electric vehicle batteries. This strategic move could attract new clients seeking sustainable extraction methods, thereby potentially increasing KBR's revenue streams from technology licensing and related services. Given the growing demand for lithium and sustainable extraction methods, this partnership is likely to have a positive short-term impact on KBR's stock price.
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