Saudi Arabia is a step closer to becoming part of the global battery industry after deals to develop lithium processing and anode material projects in the country. The deals could make Saudi Arabia’s lithium ion supply chain the most developed in the Middle East, which right now has virtually no battery material capacity. Saudi Arabia’s […]
A Lithium brine pool. Saudi Arabia is exploring projects that can produce lithium for batteries in an effort to ramp up production in the Middle Eastern oil exporter.
National Grid Saudi Arabia, a wholly-owned subsidiary of Saudi Electricity Company (SEC), has tendered contracts for the construction of five battery energy storage systems with a total combined capacity of 2,500MW across Saudi Arabia.
REUTERS/Hamad I Mohammed Purchase Licensing Rights RIYADH, April 28 (Reuters) - Saudi Arabia is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector, a senior minister said in an interview, noting attempts to secure domestic supplies were at an early stage.
Saudi Arabia, whose economy has for decades relied on oil, has spent billions attempting to turn itself into a hub for EV manufacturing as part of defacto ruler Crown Prince Mohammed Bin Salman's attempts to diversify the economy.
Separately, Saudi Aramco is working on a joint project to extract lithium from brine taken from oil fields, the state energy giant said in an e-mailed response to questions. The presence of lithium and its concentrations and the prospects for extraction are being evaluated, the company said.
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