How Big Oil is Turning Wastewater Into Wealth
–News Direct–
For nearly 150 years, brine from oil and gas drilling has long been considered a nuisance for operators. But the tides are turning thanks to the electric vehicle (EV) revolution, which could transform billions of barrels of salty wastewater into wealth.
As lithium producers grapple with potential shortages due to mine permitting delays and staffing issues, oil and gas heavyweights are diving headfirst into the lithium extraction realm.
Oil and gas titans like Exxon Mobil and Chevron have disclosed pilot projects designed to extract lithium from brine, adding a refreshing revenue stream amidst an energy transition that's beleaguering traditional fossil fuel industries. In July, Exxon Mobil's CEO, Darren Woods, informed investors that the company had been explo...
