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Arkansas Magnesium Refinery Project

Sector: Oil and Gas • Location: Arkansas, United States

Source: Investing.com

Project
Planned

Tetra Technologies is considering forming a joint venture with Pentagon-backed startup Magrathea to build the U.S.'s only magnesium refinery in Arkansas. The project aims to use Magrathea's new magnesium production technology to extract magnesium from saltwater brines in the Smackover geological formation, which stretches from Florida through Arkansas into Texas. The process is expected to be clea

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The project “Arkansas Magnesium Refinery Project” is an infrastructure initiative in the Oil and Gas sector, located in Arkansas, United States. Taiyo aggregates data on it from Investing.com.

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Participants

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planned

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Description

Description

Tetra Technologies is considering forming a joint venture with Pentagon-backed startup Magrathea to build the U.S.'s only magnesium refinery in Arkansas. The project aims to use Magrathea's new magnesium production technology to extract magnesium from saltwater brines in the Smackover geological formation, which stretches from Florida through Arkansas into Texas. The process is expected to be cleaner than traditional magnesium refining methods. The joint venture would involve Magrathea controlling 51% and Tetra holding 49%.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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