Equinor and Standard Lithium Report Positive PEA for Texas Franklin Project

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โดย Simply Wall St·US·Read original
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Equinor and its partner Standard Lithium announced a positive Preliminary Economic Assessment for the Franklin lithium project in Texas, operated through their joint venture Smackover Lithium. The project targets production of battery-quality lithium carbonate at large scale, and Equinor framed the PEA as a key step in its move beyond traditional oil and gas toward critical battery minerals exposure. The assessment outlines a US$3.5b initial investment, with production that may not start until the early 2030s. Equinor, a large energy producer with a NOK995.7b market cap focused on oil and gas operations in Norway and internationally, now faces the question of whether the partners will advance Franklin from PEA to a full feasibility study and then toward a final investment decision, with a SWA Project decision planned for late 2026.

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Positive PEA for the Franklin lithium project advances Standard Lithium's joint-venture development toward feasibility and a final investment decision

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