Reporting by Ernest Scheyder; editing by Caroline Humer and David Gregorio
Arkansas
Exclusive: Exxon aims to begin lithium production by 2026 in Arkansas
Nov 11 (Reuters) – Exxon Mobil (XOM.N) is set to unveil its long-awaited lithium strategy on Monday with an announcement that it aims to start production of the electric vehicle (EV) battery metal in Arkansas by 2026, according to a source with direct knowledge of the oil major’s plans.
Exxon’s expansion into the sector comes as emerging technologies aim to boost global production of the ultralight metal by filtering it from salty brine deposits found across the globe and supplying it to battery makers eager for fresh sources.
Exxon, which invented the lithium-ion battery in the 1970s but stepped away from the technology, plans to begin producing at least 10,000 metric tons per year of lithium in Arkansas by 2026 with partner Tetra Technologies (TTI.N) in what has been labeled “Project Evergreen,” according to the source.
That initial production would be roughly equivalent to the amount needed to produce 100,000 EV batteries.
Reuters reported this year that Exxon had agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra, which produces chemicals for water treatment and recycling.
Exxon has been drilling wells in Arkansas this year to study the vast Smackover Formation, a geological formation stretching from Florida to Texas that teems with lithium- and bromine-rich brine. The company has also been testing unproven direct lithium extraction (DLE) technology that will be crucial for commercial operations, according to the source, who was not authorized to speak publicly.
An Exxon spokesperson declined to comment. A representative for Tetra was not immediately available to comment.
For Exxon and other oil companies, lithium production offers the prospect of selling a new product with relatively little added cost. Darren Woods, Exxon CEO since 2017, told investors during a call on Oct. 4 that the lithium sector was “fairly promising.”
He also said: “We see an opportunity to really leverage the things that we’re pretty good at.”
Exxon, like other fossil fuel producers, has faced pressure to reduce carbon emissions from operations. Reuters reported this year that Exxon shareholder Engine No. 1 had pressured the company to deploy DLE.
Exxon is not expected to publicly announce which DLE technology it has chosen, according to the source. The company has a long-standing pattern of not disclosing some vendors.
Reuters reported this year that Exxon and Chevron (CVX.N) held talks with International Battery Metals (IBAT.CD) and EnergySource Minerals about licensing DLE technology.
OTHER ACREAGE
Separate from its Tetra partnership, Exxon also controls more than 100,000 acres in Arkansas from which it plans to begin lithium production by 2027, according to the source.
Exxon acquired that acreage this year from privately held Galvanic Energy, Reuters reported.
It was not clear whether Exxon plans to expand lithium operations outside Arkansas. Like all oil producers, Exxon extracts water containing traces of lithium as part of fossil fuel production. That could help the oil industry morph into the world’s largest lithium supplier, if DLE technologies can be commercialized.
Exxon, like Albemarle (ALB.N), Standard Lithium (SLI.V) and others aiming to produce the battery metal in Arkansas, face a key regulatory roadblock. The southern U.S. state, just north of Louisiana, has a royalty structure for bromine, which Albemarle has long produced there, but not for lithium, which could delay development in the short term.
The Arkansas Oil and Gas Commission, which overseas lithium operations in the state, has said it plans to hold hearings on the matter.
Exxon plans to send at least six representatives to the Benchmark Minerals conference next week in Los Angeles, according to an attendance list seen by Reuters. It would mark the company’s first attendance at the major critical minerals conference.
Our Standards: The Thomson Reuters Trust Principles.
Arkansas
Arkansas lands Courtney Crutchfield
Pine Bluff native and Missouri transfer wide receiver Courtney Crutchfield signed with Arkansas on Wednesday.
The former four-star recruit announced his intentions to enter the transfer portal last Thursday and he officially entered last Friday. Crutchfield redshirted this season for the Tigers.
A 6-foot-2, 188-pound pass catcher, Crutchfield recorded 42 receptions for 930 yards and 13 touchdowns his senior season at Pine Bluff. He was committed to Arkansas for nearly seven months before eventually signing with Missouri.
Crutchfield will have four years of eligibility remaining. He was rated by Rivals as the No. 2 overall recruit and No. 1 wide receiver in the state of Arkansas in the 2024 recruiting class.
Arkansas
FDA phasing out ineffective decongestant | Arkansas Democrat Gazette
WASHINGTON — U.S. officials are moving to phase out the leading decongestant found in hundreds of over-the-counter medicines, concluding that it doesn’t actually relieve nasal congestion.
Phenylephrine is used in popular versions of Sudafed, Dayquil and other medications, but experts have long questioned its effectiveness. Last month, the Food and Drug Administration formally proposed revoking its use in pills and liquid solutions, kicking off a process that’s likely to force drugmakers to remove or reformulate products.
It’s a win for skeptical academics, including researchers at the University of Florida who petitioned the FDA to revisit the drug’s use in 2007 and again in 2015. For consumers, it will likely mean switching to alternatives, including an older decongestant that was moved behind the pharmacy counter nearly 20 years ago.
Doctors say Americans will be better off without phenylephrine, which is often combined with other medicines to treat cold, flu, fever and allergies.
“People walk into the drugstore today and see 55,000 medicines on the shelf, and they pick one that is definitely not going to work,” said Dr. Brian Schroer of the Cleveland Clinic. “You take away that option, and it will be easier for them to self-direct toward products that really will help them.”
The FDA decision was expected after federal advisers last year voted unanimously that oral phenylephrine medications haven’t been shown to relieve congestion.
Experts reviewed several recent, large studies indicating that phenylephrine was no better than a placebo at clearing nasal passageways. They also revisited studies from the 1960s and 1970s that supported the drug’s initial use, finding numerous flaws and questionable data.
The panel’s opinion only applied to phenylephrine in oral medications, which account for roughly $1.8 billion in annual U.S. sales. The drug is still considered effective in nasal sprays, though those are much less popular.
Phenylephrine wasn’t always the top choice for cold and allergy products. Many were originally formulated with a different drug, pseudoephedrine.
But a 2006 law required pharmacies to move pseudoephedrine products behind the counter, citing their potential to be processed into methamphetamine. Companies such as Johnson & Johnson and Bayer decided to reformulate their products to keep them readily available on store shelves — and labeled many of them as “PE” versions of familiar brand names.
PHARMACY NEEDED
Consumers who still want to take pills or syrups for relief will probably need to head to the pharmacy counter — where the pseudoephedrine-containing versions of Sudafed, Claritin D and other products remain available without a prescription. Purchasers need to provide a photo ID.
Beyond those products, most of the other options are over-the-counter nasal sprays or solutions.
Saline drops and rinses are a quick way to clear mucus from the nose. For long-term relief from seasonal stuffiness, itching and sneezing, many doctors recommend nasal steroids, sold as Flonase, Nasacort and Rhinocort.
“These medicines are by far the most effective daily treatment for nasal congestion and stuffiness,” Schroer said. “The biggest issue is they’re not great when used on an as-needed basis.”
Nasal steroids generally have to be used daily to be highly effective. For short-term relief, patients can try antihistamine sprays, such as Astepro, which are faster acting.
Phenylephrine-based sprays will also remain on pharmacy shelves.
SWALLOWING STIFLES AID
The experts who challenged the drug’s effectiveness say it’s quickly broken down and rendered ineffective when it hits the stomach.
“This is a good drug, but not when it’s swallowed,” said Leslie Hendeles, professor emeritus at the University of Florida’s College of Pharmacy, where he co-authored several papers on the ingredient. “It’s inactivated in the gut and doesn’t get into the bloodstream, so it can’t get to the nose.”
When Hendeles and his colleagues first petitioned the FDA on phenylephrine, they suggested a higher dose might be effective. But subsequent studies showed that even doses 400% higher than those currently recommended don’t treat stuffiness.
The FDA and other researchers concluded that pushing the dosage even higher might carry safety risks.
“If you’re using very high doses, the risk is raising blood pressure so high that it could be hazardous to patients,” said Randy Hatton, a University of Florida professor who co-led the research on phenylephrine.
Because of its cardiovascular effects, the drug is sometimes used to treat dangerously low blood pressure during surgery, Hatton noted.
Arkansas
Sam Pittman breaks down Arkansas' biggest transfer portal needs
With the transfer portal in full swing, Arkansas coach Sam Pittman addressed some of the biggest areas of need for his team. The Razorbacks are coming off of a 6-6 finish in the fifth year under Pittman and looking to boost their roster for another run in 2025.
Speaking with media, Pittman highlighted both the offensive and defensive line as the areas where Arkansas needs to be most aggressive in the portal. He also cited the linebacker group as a the position that the team feels best about, saying the Razorbacks will look to improve its defensive backs room first.
“Offensive line would be one (area of need),” the coach said. “Defensive line would be one. We felt like we were pretty good at the linebacker spots. If you go back and look a couple of years ago, the world was falling because this linebacker (left), that linebacker (left).
“I think we all agreed out linebacker room was a strength for us this year. But that would be probably the least worried about (position). We need some safeties. We need some corners. But I think O-line and tight end’s a big deal. Wide receivers. We’ve got several spots to fill, but off the top of my head, that’s who it would be.”
Since Pittman’s comments, Arkansas has been active in the transfer portal to bring in 13 players. Unfortunately, they’ve also lost 26 more and rank just No. 59 out of 70 teams in On3’s Transfer Portal Team Rankings.
Staying true to to his word, Pittman has brought in four offensive linemen and a pair of defensive lineman through the portal. Former Georgia Tech offensive tackle Corey Robinson II is the highest rated of those additions, coming in as the No. 32 overall player and No. 5 player at his position according to On3’s Transfer Portal Player Rankings.
Arkansas also brought in former Charlotte receiver O’Mega Blake and former Cincinnati cornerback Jordan Young to give it three players ranked in the top 150.
The Razorbacks still have a long way to go to complete their portal class, likely hoping to add some more defensive linemen before it closes later this month. They are looking to make the next push in the SEC next season and the players they’ve gotten so far are a good start.
-
Technology5 days ago
Google’s counteroffer to the government trying to break it up is unbundling Android apps
-
News6 days ago
Novo Nordisk shares tumble as weight-loss drug trial data disappoints
-
Politics6 days ago
Illegal immigrant sexually abused child in the U.S. after being removed from the country five times
-
Entertainment6 days ago
'It's a little holiday gift': Inside the Weeknd's free Santa Monica show for his biggest fans
-
Lifestyle6 days ago
Think you can't dance? Get up and try these tips in our comic. We dare you!
-
Technology1 week ago
Fox News AI Newsletter: OpenAI responds to Elon Musk's lawsuit
-
Technology1 day ago
There’s a reason Metaphor: ReFantanzio’s battle music sounds as cool as it does
-
News2 days ago
France’s new premier selects Eric Lombard as finance minister