Sumitomo, a Japan-based integrated trading company has agreed to acquire 20,000 metric tons per annum of Stardust Power’s first line of production of battery-grade lithium carbonate from its future Muskogee refinery.
Less than two weeks after Stardust Power Inc. broke ground on its lithium refinery in Muskogee, Okla., Sumitomo has entered into a preliminary agreement to acquire 80% of the battery-grade lithium carbonate to be produced at the strategically located American Heartland battery materials plant.
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Paramita Das, Chief Strategy Officer & Senior Advisor to the CEO at Stardust Power, discusses the current lithium landscape and how the company is pioneering responsible US lithium production.
With an unpredictable geopolitical landscape and US lithium demands projected to skyrocket over 500% by 2030, now is the time for American innovation in the outdated lithium refinement industry.
Stardust Power officially started on-site construction operations at its $1.2 billion lithium refinery in Muskogee County, Oklahoma. Along with officials representing Stardust Power, Oklahoma’s Lieutenant Governor, Matt Pinnell was present at this groundbreaking event.
“We are proud that we have priced this round of financing with investment from a large institutional investor, representing their support for the Stardust Power story. This financing continues building on our progress towards the FID stage for our large central lithium refinery.” noted Stardust Power Founder and CEO, Roshan Pujari.
On Wednesday, representatives from the Oklahoma Department of Commerce were on hand in Muskogee, Oklahoma, to celebrate the groundbreaking of one of the largest lithium refineries in the country.
Stardust Power officially broke ground on January 22, 2025, on its lithium refinery at the Southside Industrial Park in Muskogee, Oklahoma. Senior officials from Stardust Power, Lieutenant Governor Matt Pinnell, and the Mayor of Muskogee, Patrick Cale, were present at the ceremony, along with other state and local officials.
FOX23 News Tulsa reports on Stardust Power building one of the largest lithium refineries in the entire country, based in Green Country.