Skip to main content

Posts

Showing posts with the label Berkshire Hathaway

Occidental Petroleum and Berkshire Hathaway To Extract Lithium From Geothermal Brine

Occidental Petroleum and Berkshire Hathaway Join Forces to Revolutionize Lithium Extraction from Geothermal Brine By: Robert Buluma In an exciting development for the energy sector, Occidental Petroleum (Oxy) has announced a groundbreaking joint venture with Berkshire Hathaway to commercialize direct lithium extraction (DLE) from geothermal brine in California's Salton Sea. This initiative represents a significant step towards sustainable lithium production, leveraging cutting-edge technology and the vast geothermal resources of the region.  A Game-Changing Partnership Occidental Petroleum, a Houston-based oil and gas giant, is collaborating with its largest shareholder, Berkshire Hathaway, to tap into the lucrative and essential market of lithium production. This partnership is set to utilize geothermal waste brine, a byproduct from Berkshire’s extensive network of geothermal plants, as the primary feedstock for lithium extraction. The Salton Sea, home to 10 geothermal plants owne