Saudi Arabia has discovered white gold (lithium) in its oil fields, marking a strategic move towards diversifying its economy and embracing sustainable energy.
Never pay the full price🏷️; join the 📢Saudi Coupon Codes group and get sales updates and discount codes in one place.
Elemental lithium is a silvery metal, often extracted as lithium carbonate, a white powder—hence the term “white gold.”
The extraction initiative is led by Lithium Infinity (Lihytech), a King Abdullah University of Science and Technology startup, in collaboration with Saudi mining companies Ma’aden and Aramco. This project utilizes innovative technology to extract lithium continuously from brine runoff in oil fields.
Lithium is essential for manufacturing rechargeable batteries in electric vehicles (EVs), smartphones, and other electronics. As global demand for these technologies increases, the value of lithium, often referred to as “white gold,” is rising.
This initiative aligns with Saudi Arabia’s Vision 2030, which aims to reduce the nation’s dependence on oil and establish it as a global hub for EV production. By investing in lithium extraction, Saudi Arabia positions itself strategically in the worldwide shift towards renewable energy.
Saudi Arabia’s efforts mirror those of other major energy companies, such as Exxon Mobil and Occidental Petroleum, which also explore advanced lithium extraction technologies. This collective move underscores the global energy sector’s commitment to supporting the transition to renewable energy sources.
For the latest updates, you can join our ✅WhatsApp group or ☑️ Telegram Channel.
