By: Reuters

National Energy Services Reunited NESR.O said its environmental and decarbonization unit had signed an agreement with Saudi Aramco 2222.SE to execute a lithium demonstration project in the kingdom for battery-grade lithium carbonate.

Here are more details:

The project aims to produce 2,000 tons per annum (tpa) of battery-grade lithium carbonate.
It is planned to start in late 2027.

Under the agreement, the project will combine Aramco's subsurface expertise with NESR's LiThara technology platform, which includes brine pre-treatment, direct lithium extraction and carbonation technologies.

Oilfield services company NESR said the project draws on its regional subsurface and field-operations experience in Saudi Arabia, where it operates across the energy sector.

(Reporting by Pranav Mathur in Bengaluru; Editing by Shinjini Ganguli)