Occidental, BHE Renewables Form Joint Venture To Commercialize TerraLithium Extraction Technology
Portfolio Pulse from Benzinga Newsdesk
Occidental (NYSE:OXY) and BHE Renewables, a subsidiary of Berkshire Hathaway Energy, have formed a joint venture to commercialize TerraLithium's Direct Lithium Extraction (DLE) technology. The venture aims to produce high-purity lithium compounds from geothermal brine at BHE Renewables' Imperial Valley geothermal facility.
June 04, 2024 | 12:22 pm
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Occidental (NYSE:OXY) has formed a joint venture with BHE Renewables to commercialize TerraLithium's Direct Lithium Extraction technology, which could significantly enhance its lithium production capabilities.
The joint venture with BHE Renewables to commercialize TerraLithium's DLE technology could significantly enhance Occidental's lithium production capabilities, potentially increasing its revenue from lithium sales.
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