Eni makes investment in EnergyX lithium project in Chile

This article was originally posted on Chemical Engineering Online.

Summary

Eni S.p.A. has agreed to acquire a 25% stake in EnergyX’s Chilean subsidiary, Black Giant SpA, which is developing a lithium project near the Salar de Punta Negra in northern Chile, through a phased investment totaling $225 million.

What do you think this deal signals about the role of major energy companies in accelerating lithium projects in Chile and the broader battery supply chain?

Eni S.p.A. (Rome, Italy) has signed an agreement to acquire a 25% stake in Energy Exploration Technologies, Inc.’s (EnergyX; Austin, Tex.) Chilean subsidiary company Black Giant SpA, developing a lithium project located in northern Chile, near the Salar de Punta Negra. Eni’s total phased investment amounts to $225 million. Black Giant SpA is a wholly […]

The post Eni makes investment in EnergyX lithium project in Chile appeared first on Chemical Engineering.

Eni makes investment in EnergyX lithium project in Chile

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