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Lilac Solutions said on Tuesday the latest version of its lithium extraction technology can recover more than 90% of the lithium found in many brine formations, and that it has cut the construction cost of its system by 50%.
Despite growing interest in the DLE sector from Exxon Mobil, Saudi Aramco and others, no DLE technology has worked at commercial scale without the use of traditional evaporation ponds. “Our technology works and I want to show that,” Raef Sully, who became Lilac’s CEO in February, said on the sidelines of the Fastmarkets Lithium Supply and Battery Raw Materials Conference, one of the world’s largest gatherings of lithium producers.
On Tuesday, the company said that the latest version of its technology works for 4,000 cycles, and can reduce water usage with the use of recycling equipment, Sully said.
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