Investing News Network Article
Stardust Power is advancing the construction of its US$1.2 billion lithium refinery at the Southside Industrial Park in Muskogee, Oklahoma.
Stardust Power is advancing the construction of its US$1.2 billion lithium refinery at the Southside Industrial Park in Muskogee, Oklahoma.
Roshan Pujari, founder and CEO of Stardust Power, shares some updates including a major offtake agreement with Sumitomo Corporation, securing a significant portion of Stardust’s production capacity.
Stardust Power, a US-based developer of battery-grade lithium products, has broken ground on the construction of a lithium refinery at the Southside Industrial Park in Muskogee, Oklahoma.
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.
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and US lithium demands projected to skyrocket over 500% by 2030, now is the time for American innovation in the outdated lithium refinement industry.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.
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.
FOX23 News Tulsa reports on Stardust Power building one of the largest lithium refineries in the entire country, based in Green Country.