{"id":37158,"date":"2023-09-11T09:58:28","date_gmt":"2023-09-11T08:58:28","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=37158"},"modified":"2024-01-19T15:23:35","modified_gmt":"2024-01-19T15:23:35","slug":"alberta-enters-global-critical-minerals-race-with-first-ever-lithium-pilot-project","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/alberta-enters-global-critical-minerals-race-with-first-ever-lithium-pilot-project\/37158\/","title":{"rendered":"Alberta enters global critical minerals race with first-ever lithium pilot project"},"content":{"rendered":"

Alberta has rushed ahead in the global critical minerals race as the state opened its first-ever lithium pilot project.<\/h2>\n

The lithium pilot project, situated east of Olds in central Alberta, marks a new era for the province\u2019s traditionally oil- and gas-dominated economy.<\/p>\n

Chris Doornbos, CEO of E3 Lithium, commented: \u201cWithout forsaking our past, the lithium pilot project opens up a whole new industry, using our existing skill set.<\/p>\n

\u201cThe opportunity to be a global leader and to make Alberta a lithium jurisdiction is really and truly here.\u201d<\/p>\n

Why is the demand for locally produced lithium so huge?<\/h3>\n

Lithium is in huge demand across the globe currently due to its use in electric vehicle batteries<\/a>.<\/p>\n

Currently, the world\u2019s biggest lithium producers are Australia, Chile and China.<\/p>\n

However, Alberta is home to one of the world\u2019s largest lithium deposits, located deep underground in the Leduc geological formation, which is also a significant oil- and gas-producing area.<\/p>\n

Until now, there has been little interest in producing Alberta\u2019s lithium pilot project. However, the growth in electric vehicles and the increasing demand for lithium-ion batteries has changed that.<\/p>\n

Lithium is now a key focus of the Government of Canada\u2019s $3.8bn Critical Minerals Strategy<\/a>, which aims to increase domestic extraction and production of the metal along with other previously under-developed resources such as cobalt, copper, titanium, and zinc.<\/p>\n

E3 Lithium\u2019s lithium pilot project is set to revolutionise extraction technology<\/h3>\n

E3 Lithium currently holds the rights to around 16 million tonnes of lithium resources. The company\u2019s made-in-Alberta lithium pilot project extracts the lithium that occurs naturally within oilfield brines.<\/p>\n

The company plans to pilot its technology to open a full-scale commercial plant in the same area by late 2026.<\/p>\n

The lithium pilot project could process up to 150,000 tonnes per year of battery-grade lithium products ready to be sold directly to battery producers and EV companies.<\/p>\n

Doornbos said he expects to see traditional oil and gas companies increasingly looking to lithium as another potential revenue source.<\/p>\n

\u201cI think the oil and gas companies are very closely watching the lithium space,\u201d Doornbos said.<\/p>\n

\u201cI could see them partnering with lithium companies, but I could also see them, as Exxon is already doing, doing it themselves and creating a business unit and making lithium.\u201d<\/p>\n

Other projects that will fuel Canada\u2019s position in the critical minerals race<\/h3>\n

Aside from the lithium pilot project, there are a handful of others with projects still in the planning phases.<\/p>\n

Brian Jean, Alberta\u2019s Minister of Energy and Minerals, said his government wants to see the province become a \u201cpreferred producer and supplier\u201d of industrial minerals and critical metals.<\/p>\n

\u201cIncreased global demand for electric vehicles and battery storage is going to lead to Alberta having another resource to sell to the world,\u201d he explained.<\/p>\n

The federal government has also announced hundreds of millions in government subsidies in an effort to attract battery production and EV manufacturing to Canada<\/a>. One example is the federally subsidised electric vehicle battery plant that is currently under construction by Stellantis near Windsor, Ontario.<\/p>\n

Doornbos said Canada will need to be \u201cextremely aggressive\u201d if it wants to compete with the United States on electric vehicle and battery production.<\/p>\n

However, regarding the lithium pilot plant, he is \u201cconfident\u201d Alberta can win.<\/p>\n","protected":false},"excerpt":{"rendered":"

Learn how Alberta’s first-ever lithium pilot project will mark a new era for the traditionally oil- and gas-dominated province.<\/p>\n","protected":false},"author":22,"featured_media":37160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24502],"tags":[649,24206,24555],"acf":[],"yoast_head":"\nAlberta enters global critical minerals race with first-ever lithium pilot project<\/title>\n<meta name=\"description\" content=\"Learn how Alberta's first-ever lithium pilot project will mark a new era for the traditionally oil- and gas-dominated province.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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