ExxonMobil’s Arkansas Lithium Well Part Of $100M Investment

ExxonMobil selects southwest Arkansas to start its North American lithium production, demonstrating “leadership in energy transition.”

ExxonMobil recently selected southwest Arkansas for its first phase of North American lithium production—a move the company said demonstrates its “leadership in energy transition.”

“Lithium is essential to the energy transition, and ExxonMobil has a leading role to play in paving the way for electrification,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions. “This landmark project applies decades of ExxonMobil expertise to unlock vast supplies of North American lithium with far fewer environmental impacts than traditional mining operations.”

ExxonMobil
ExxonMobil has selected Arkansas for the first phase of its lithium production. (Photo illustration: Adobe Stock/Rafael Henrique)

Clint O’Neal, Executive Director at Arkansas Economic Development Commission, said in a LinkedIn post announcing the project that the ExxonMobil’s endeavor is part of a $100 million investment.

“We were proud to welcome ExxonMobil to Arkansas for the announcement and thank them for this investment,” he wrote. “This is a big win for the communities of South Arkansas. Congratulations to all local leaders that have been involved in working towards this big milestone.”

SIG SAUER Arkansas SIG SAUER Will Invest $150M To Expand Arkansas Ammunition Facility

SIG SAUER will expand its manufacturing operations in Jacksonville, creating 625 jobs. Family Dollar returns to West Memphis with transformed distribution center. Read more…

The state’s southern region is its “all-around energy capital,” in part, due to investments like ExxonMobil’s, according to Arkansas Gov. Sarah Huckabee Sanders.

“My administration supports an all-of-the-above energy strategy that guarantees good, high-paying jobs for Arkansans – and we’ll continue to cut taxes and slash red tape to make that happen,” she said.

The company’s product will be branded as Mobil Lithium and its production target is 2027.

Earlier this year, ExxonMobil gained the rights to 120,000 gross acres of southern Arkansas’ Smackover formation, which the compay said is “considered one of the most prolific lithium resources of its type in North America.”

Check out all the latest news related to Arkansas economic development, corporate relocation, corporate expansion and site selection.

Arkansas, Automotive, Capital Investment, Daily News, Economic Development, Energy & Water, Featured, Industries, Site Selection Factors, Sustainability, USA - Southeast

AEDC, Arkansas, Arkansas Economic Development Commission, Capital Investment, Exxon, ExxonMobil, Gov. Sarah Huckabee Sanders, Lithium, Mobil Lithium, Single Location, Smackover formation, Southern Arkansas

Sponsored Content
Featured Location

Location Spotlight: Topeka, Kansas

With three top universities in the area and connectivity via major interstates, Topeka, Kansas is rich with opportunity. Visit the GO Topeka Economic Partnership to learn more.

Featured Video

Webinars, Podcasts & Videos

Camp Hall – A Next Generation Commerce Park in South Carolina

Camp Hall is a first-of-its-kind, master-planned industrial work space located in Charleston, S.C. As a convergence of people, place and programming, Camp Hall delivers thoughtful infrastructure and logistical features that empower people — and business — to thrive.

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Business Benefits In Minnesota, a Mayo Clinic Business Development and Destination Medical Center Perspective

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Agricultural Heritage Meets Strong Manufacturing Base With a rich history in agriculture, the region is now made up of a strong manufacturing base, including everything from snack foods and Gatorade, to leading human resources software and revolutionary plug-less power systems for electric vehicles. Mount Rogers Regional Partnership's strategic East Coast location is the driving force.

Virginia’s i81-i77 Crossroads | Talent Retention & Manufacturing

Learn about manufacturing jobs and facilities in the Mount Rogers region of southwest Virginia. There is ample opportunity for education and jobs in a region rich with culture and heritage.

Share to...