XtraLit News
4 articles
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YPF's Y-TEC and XtraLit Join Forces to Pioneer Sustainable Direct Lithium Extraction in Argentina - Batteries News
YPF Tecnología S.A. (Y-TEC), a subsidiary of Argentinas leading energy company YPF, has partnered with XtraLit, an Israeli company specializing in Direct Lithium Extraction (DLE). The collaboration aims to develop sustainable lithium extraction projects in Argentina, leveraging XtraLits eco-friendly ion-exchange DLE technology. This partnership is expected to enhance Argentinas role in the global lithium market, particularly for electric vehicle batteries and renewable energy storage. The agreement reflects a commitment to sustainable innovation and aligns with global sustainability standards, potentially attracting further investment. The Argentine Embassy in Israel played a key role in facilitating this partnership.
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YPF, Israel’s XtraLit to develop direct lithium extraction projects in Argentina
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YPF regains interest in lithium and signs agreement to develop extraction technologies
YPF announced a cooperation agreement between its subsidiary YPF Tec and the Israeli company XtraLit to explore direct lithium extraction projects. This partnership marks a strategic shift for YPF, moving beyond its traditional focus on gas and unconventional oil production. XtraLit plans to invest $104 million in 2024 to develop sustainable lithium extraction technologies. The collaboration aims to enhance the attractiveness of Argentine lithium in the global market. YPFs local leadership is expected to accelerate the deployment of XtraLits DLE technology in the region. This initiative aligns with YPFs broader strategy to explore new energy opportunities, including lithium and electromobility.
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Milei Seals First Investment Announcement for Argentina's 'White Gold' in Israel
Israeli company XtraLit has announced a $104 million investment in lithium projects in Argentina. The company, founded in 2021, is focused on developing technology for direct lithium extraction. The investment represents the first Israeli companys entry into the Argentinian lithium scene, currently dominated by firms from Australia, Canada, China, and the US. XtraLits strategy will focus on lithium exploration, developing direct lithium extraction technology, opening an R&D laboratory, and establishing a facility to produce lithium ferrophosphate, a crucial material in the growing battery industry.
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