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Released August 18, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Earlier this week, Stellantis NV (NYSE:STLA) (Hoofddorp, Netherlands), which manufactures Chrysler, Jeep, Dodge, Ram and Fiat vehicles, announced the latest investment by an automaker into a U.S. lithium-mining project.
Stellantis' most recent investment expands on an agreement made last year with Controlled Thermal Resources Holdings Incorporated (Imperial, California) to supply battery-grade lithium hydroxide from its Hell's Kitchen lithium project, which is under development in Imperial Valley, California.
The Hell's Kitchen project will include a geothermal power plant. Hot brine from deep beneath the surface of the earth will be used to generate 50 megawatts (MW) of power, and lithium concentrate will be extracted from the brine before it is sent back underground. From this, battery-grade lithium hydroxide is produced.
Stellantis' more than $100 million additional investment in the project strengthens its expected lithium supply from the facility from 25,000 metric tons per year to up to 65,000 metric tons, beginning in 2027. General Motors Company (NYSE:GM) (Detroit, Michigan) also has invested in the project.
Stellantis' latest investment paves the way for future expansions of the extraction facility, from which Controlled Thermal Resources hopes to produce up to 300,000 of lithium-hydroxide by the early 2030s. The initial stage of the project's development will aim to produce 25,000 tons, and additional production will be added in stages over subsequent years. Construction on the first phase could begin early next year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for the reports on the four planned phases of construction.
Stellantis could use the lithium sourced from the brine-extraction plant at its battery-manufacturing facility under construction in Kokomo, Indiana. The site will include up to 20 buildings totaling more than 3 million square feet and have an annual production capacity of 23 gigawatt-hours of batteries per year. Construction kicked off this year and is expected to be completed in 2025. Subscribers to Industrial Info's Industrial Manufacturing Project Database can click here for more information.
Stellantis joins other automakers in its investments. Earlier this year, Ford Motor Company (NYSE:F) (Dearborn, Michigan) signed several agreements with lithium suppliers. Among the agreements with U.S.-based suppliers was a contract with EnergySource Minerals (Carlsbad, California), which is developing a lithium-extraction plant near Controlled Thermal Resources' development in California's Imperial Valley. Construction is just beginning on EnergySource's project, which will operate similarly to the Controlled Thermal Resources plant and is coupled with a 55-MW geothermal power plant. The project is expected to begin operations in early 2025 and will produce up to 17,600 tons per year of lithium carbonate equivalent and 20,000 tons per year of lithium hydroxide, with zinc and manganese as byproducts. Subscribers can click here for more details.
Ford also signed an agreement with Compass Minerals International Incorporated (NYSE:CMP) (Overland Park, Kansas), which is adding lithium-extraction technology at an existing solar evaporation pond operation in Ogden, Utah. The project is being developed in two stages, which include an East Side and West Side. The East Side will be developed first, with construction kicking off as soon as next year. When completed, the East Side will be able to supply 11,000 tons per year of battery-grade lithium carbonate. Development of the West Side would follow, which would expand the facility's lithium carbonate production capacity to 35,000 tons per year. This stage of the project also includes construction of a conversion plant to produce up to 28,000 tons per year of lithium hydroxide monohydrate. Subscribers can learn more by viewing the project reports on the East Side and West Side developments.
Ford has three active battery-manufacturing projects under development in the U.S. Two of these facilities, under construction in Tennessee and Kentucky, are joint ventures with South Korea's SK Innovation (Seoul). Construction on both plants kicked off in 2022, and they are expected to be completed in 2025. Both facilities will manufacture 43 gigawatt-hours of lithium-ion batteries per year, enough for more than 1 million electric vehicles each. Subscribers can click here for the report on the project in Glendale, Kentucky, and click here for the report on the Stanton, Tennessee, facility.
Subscribers to Industrial Info's GMI Database can click here for a look at the reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
Stellantis' most recent investment expands on an agreement made last year with Controlled Thermal Resources Holdings Incorporated (Imperial, California) to supply battery-grade lithium hydroxide from its Hell's Kitchen lithium project, which is under development in Imperial Valley, California.
The Hell's Kitchen project will include a geothermal power plant. Hot brine from deep beneath the surface of the earth will be used to generate 50 megawatts (MW) of power, and lithium concentrate will be extracted from the brine before it is sent back underground. From this, battery-grade lithium hydroxide is produced.
Stellantis' more than $100 million additional investment in the project strengthens its expected lithium supply from the facility from 25,000 metric tons per year to up to 65,000 metric tons, beginning in 2027. General Motors Company (NYSE:GM) (Detroit, Michigan) also has invested in the project.
Stellantis' latest investment paves the way for future expansions of the extraction facility, from which Controlled Thermal Resources hopes to produce up to 300,000 of lithium-hydroxide by the early 2030s. The initial stage of the project's development will aim to produce 25,000 tons, and additional production will be added in stages over subsequent years. Construction on the first phase could begin early next year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for the reports on the four planned phases of construction.
Stellantis could use the lithium sourced from the brine-extraction plant at its battery-manufacturing facility under construction in Kokomo, Indiana. The site will include up to 20 buildings totaling more than 3 million square feet and have an annual production capacity of 23 gigawatt-hours of batteries per year. Construction kicked off this year and is expected to be completed in 2025. Subscribers to Industrial Info's Industrial Manufacturing Project Database can click here for more information.
Stellantis joins other automakers in its investments. Earlier this year, Ford Motor Company (NYSE:F) (Dearborn, Michigan) signed several agreements with lithium suppliers. Among the agreements with U.S.-based suppliers was a contract with EnergySource Minerals (Carlsbad, California), which is developing a lithium-extraction plant near Controlled Thermal Resources' development in California's Imperial Valley. Construction is just beginning on EnergySource's project, which will operate similarly to the Controlled Thermal Resources plant and is coupled with a 55-MW geothermal power plant. The project is expected to begin operations in early 2025 and will produce up to 17,600 tons per year of lithium carbonate equivalent and 20,000 tons per year of lithium hydroxide, with zinc and manganese as byproducts. Subscribers can click here for more details.
Ford also signed an agreement with Compass Minerals International Incorporated (NYSE:CMP) (Overland Park, Kansas), which is adding lithium-extraction technology at an existing solar evaporation pond operation in Ogden, Utah. The project is being developed in two stages, which include an East Side and West Side. The East Side will be developed first, with construction kicking off as soon as next year. When completed, the East Side will be able to supply 11,000 tons per year of battery-grade lithium carbonate. Development of the West Side would follow, which would expand the facility's lithium carbonate production capacity to 35,000 tons per year. This stage of the project also includes construction of a conversion plant to produce up to 28,000 tons per year of lithium hydroxide monohydrate. Subscribers can learn more by viewing the project reports on the East Side and West Side developments.
Ford has three active battery-manufacturing projects under development in the U.S. Two of these facilities, under construction in Tennessee and Kentucky, are joint ventures with South Korea's SK Innovation (Seoul). Construction on both plants kicked off in 2022, and they are expected to be completed in 2025. Both facilities will manufacture 43 gigawatt-hours of lithium-ion batteries per year, enough for more than 1 million electric vehicles each. Subscribers can click here for the report on the project in Glendale, Kentucky, and click here for the report on the Stanton, Tennessee, facility.
Subscribers to Industrial Info's GMI Database can click here for a look at the reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
