Mentioned:
LibertyStream Infrastructure Partners is turning oil and gas waste streams into lithium carbonate. And now, they’re landing purchase orders from American companies.
What’s happening:
- LibertyStream Infrastructure Partners (TSXV: LIB) has successfully begun producing lithium carbonate at Select Water Solutions’ (NYSE: WTTR) site located in Howard County, Texas and has landed their first purchase order
Why it matters:
- This is the first time time ever that an American company that consumes lithium carbonate has ever entered into a purchase agreement with LibertyStream Infrastructure Partners
Going deeper:
- Select Water Solutions and LibertyStream Infrastructure Partners recently made waves when they formed a new deal in which Select Water Solutions’ will provide their produced water, treatment and pipeline network to LibertyStream Infrastructure Partners in exchange for a royalty on the lithium carbonator that is produced
- Liberty Infrastructure Partners has publicly stated they plan to be able to produce 1,000 tonnes annually of lithium carbonate from their facility built on site at Select Water Solutions’ Howard County site within the next year
The intrigue:
- LibertyStream Infrastructure Partners has also publicly stated this initial purchase order of one tonne of lithium carbonate is part of a more significant and larger negotiation for a long term offtake agreement
