Mentioned:
A publicly traded company in Canada wants to turn oil and gas waste streams into battery grade lithium carbonate. And they’ve just partnered up with a giant in water treatment to do it.
What’s happening:
- Select Water Solutions (NYSE: WTTR) and LibertyStream Infrastructure Partners (TSXV: LIB) have formed a new deal to deploy commercial lithium carbonate production facilities at Select Water Solutions’ water treatment sites in the Midland Basin, Texas
Why it matters:
- LibertyStream Infrastructure Partners has publicly stated that the initial buildout of their facilities will enable them to produce up to 1,000 tonnes of lithium carbonate annually
Going deeper:
- Select Water Solutions will provide the produced water, treatment and pipeline network to LibertyStream Infrastructure Partners in exchange for a royalty on the lithium carbonate that is produced
- LibertyStream Infrastructure Partners will fund, build and operate the new lithium carbonate production facilities as part of the new deal
