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U.S. Energy Department Finalizes $2.26 Billion Loan to Lithium Processing Plant in Nevada

The U.S. Energy Department on Oct. 28 announced the closing of a $2.26 billion loan to Lithium Americas Corp. to build a lithium processing facility in Humboldt County, Nevada. Once in operation, the facility will have an annual production capacity of 40,000 tonnes of lithium carbonate. As lithium is a key mineral used for electric…...

ethane production

U.S. Ethane Production Hits Record High During May 2024: EIA

U.S. ethane production hit a record high of 3 million barrels per day (b/d) during May 2024, according to an Oct. 28 report published by the U.S. Energy Information Administration. The increase in ethane production can be attributed to persistent growth in ethane usage in the global petrochemical sector, higher ethane and natural gas production…...