IBC Advanced Technologies Inc. of American Fork has launched a subsidiary to commercialize IBC’s proprietary Direct Lithium to Product (DLP) process, which provides a rapid, direct route to produce battery-grade lithium end-products including lithium hydroxide and lithium carbonate. To be known as GreenLiT Pure Lithium Inc., will process brine directly to lithium hydroxide without the need to first produce lithium carbonate. This eliminates extensive, environmentally damaging secondary processing required to convert lithium chloride to carbonate and then to hydroxide, the company said.
The demand for lithium end-products is expected to increase from nearly 1 million metric tons in 2023 to an estimated 3.5 million metric tons by 2033, with most of that growth coming from lithium hydroxide, positioning Green LiT to fill the demand.
“GreenLiT Pure Lithium is poised to completely revolutionize the production of lithium by providing a rapid, direct path to battery-grade lithium end-products and avoiding the unnecessary secondary processing that plagues conventional and direct lithium extraction processes, which are environmentally damaging and result in large lithium losses,” said Steven R. Izatt, president and CEO of IBC. “Highly efficient water and energy usage by the DLP process provides an eco-friendly platform for sustainable lithium production. Strategic alliance and equity investment discussions are underway to further strengthen the position of GreenLiT in the marketplace.”