ECONOMIC ASSESSMENT OF LITHIUM PRODUCTION POTENTIAL FROM CANADIAN OIL AND GAS OPERATIONS

Economic Assessment of Lithium Production Potential from Canadian Oil and Gas Operations

Published On: February 28, 2022

Study 198

Rechargeable battery systems for use in electric vehicles, and energy storage related to renewable energy generation, are garnering significant attention across the globe as a potential pathway towards supporting decarbonization efforts of the transportation and energy generation sectors. Lithium-ion batteries hold a majority share of the rechargeable battery market and are expected to continue to do so for the foreseeable future. Significant demand growth in these markets is expected to put pressure on the battery supply chain including the necessary raw lithium minerals and refined lithium chemicals.

This study provides an assessment of the technical and economic potential for lithium mineral mining and lithium chemical production sourced from deep aquifer brines located in Western Canada. The deep aquifer brines located in Alberta, British Columbia, and Saskatchewan, are often found in association with or related to current or former oil and gas operations. Research and development into direct lithium extraction (DLE) processes are unlocking the potential of these lower lithium concentration brine resources, with selective ion‐exchange adsorbents, and selective membrane filtration with electrochemical enhancements appearing to be the most advanced. Join our webinar to understand the technological and economic opportunities for lithium extraction in Western Canada.

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