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Search resuls for: "Tetra Technologies Inc"


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July 31 (Reuters) - Oil major Exxon Mobil (XOM.N) is in talks with Tesla (TSLA.O), Ford Motor (F.N), Volkswagen (VOWG_p.DE) and other automakers to supply lithium, Bloomberg Law reported on Monday citing people familiar with the matter. The talks are in early stages and also include the likes of Samsung (005930.KS) and SK On Co, the report added. Tesla, Ford, Volkswagen did not respond to Reuters requests for comment, while Exxon declined to comment. Its rapid expansion into the lithium sector comes amid growing interest from traditional energy companies and others into emerging technologies that aim to boost global supply of the ultralight metal. Reporting by Sourasis Bose in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Tesla, Sourasis Bose, Krishna Chandra Organizations: Oil, Exxon Mobil, Ford Motor, Volkswagen, Bloomberg, Samsung, SK, Co, Ford, Exxon, Tetra Technologies Inc, Thomson Locations: Arkansas, Bengaluru
Exxon acquired it earlier this year when it bought a neighboring Arkansas parcel of 100,000 acres from Galvanic Energy. Galvanic remains an independent, privately held company and is not affiliated with Tetra or Exxon. By partnering with Exxon, Tetra gains a large partner with capital to help it produce bromine, which is used in flame retardants, from the acreage. Exxon, meanwhile, gains access to yet another U.S. supply of lithium as the country rapidly expands its EV supply chain. Tetra had previously agreed to lease more than 27,000 acres in Arkansas to Standard Lithium (SLI.V) to produce lithium.
Persons: Tetra, Ernest Scheyder, Chris Reese Organizations: Exxon Mobil, Tetra Technologies Inc, Exxon, Energy, Tetra, Representatives, Eos Energy Enterprises, Arkansas, Reuters, Battery Metals, EnergySource Minerals, Thomson Locations: Arkansas, Tetra
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