Tesla wants to set up a lithium refinery in Texas

“I would once again like to encourage entrepreneurs to get into lithium refining. Mining is relatively easy, refining is much harder,” Musk said on Tesla’s second-quarter earnings conference call in July. “You can’t lose, it’s a license to print money.”

The essential information

  • Tesla says it is still evaluating the feasibility of this project; only very preliminary development activities have begun.
  • If this site is chosen, construction could begin in the fourth quarter of 2022. The project will be in commercial operation in the fourth quarter of 2024.
  • According to Bloomberg, Tesla plans to build a lithium refinery in the Gulf of Texas.
  • This facility would be the first of its kind in North America, along with facilities to support other types of battery material processing, refining and manufacturing.

Elon Musk walks the talk

Indeed, Tesla has just presented a Lithium refining program directly in Texas. For the founder of Tesla, this issue is strategic. It is not only a question of being able to respond to the world demand for its electric cars and to improve the much decried refining processes.

In the project note sent to the State of Texas, the manufacturer notes that “The process – refining – is innovative and designed to consume fewer dangerous reagents and create usable by-products compared to the conventional process. »

On April 8, Elon Musk alerted on Twitter to the rise in Lithium prices.

“The price of lithium has reached insane levels! Tesla may have to jump straight into large-scale mining and refining unless costs improve.

There is no shortage of the element itself, as lithium is present almost everywhere on Earth, but the rate of extraction/refining is slow. »

Indeed, according to World of Statistics, prices have multiplied by 20 in 10 years.

Documents relating to this announcement

Source @SawyerMerritt

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