Fluence Receives Multimillion Dollar Contract for Lithium Mining Application
Melbourne, New York 24 October 2019 -- Fluence Corporation Limited (ASX: FLC) is pleased to announce the execution of a contract to provide a lithium brine treatment solution for a battery-grade lithium carbonate manufacturer located in Argentina. The project will utilize Fluence’s ion exchange technology to remove naturally occurring contaminants from lithium brine, resulting in the highest product quality for the customer. The project is expected to be completed before the end of 2020.
The contract value exceeds Fluence’s disclosure threshold of US$3 million. Commenting on this award, Fluence Managing Director & CEO Henry Charrabé said: “We are pleased to continue to expand our solutions capabilities into large and growing industries such as lithium production. Fluence engineers were able to offer the client a custom engineered solution that maximizes the removal of contaminants while minimizing the removal of valuable lithium that will be used to create the final product. Argentina has some of the most significant lithium brine resources globally and this will be Fluence’s fourth lithium project there in just the last couple of years. We expect our execution of this project will lead to future business opportunities in the lithium industry.”