Tesla lithium refinery: Corpus Christi.
In September 2022, we learned that Tesla has a plan to build a lithium refining facility on the Gulf Coast of Texas.
At the time, we knew very little about the project other than Tesla was planning on moving fast with hope to start building in Q4 2022.
A few months later, Tesla officially submitted the proposal for a project in Robstown, Texas, 25 minutes outside of Corpus Christi, with the purpose of “developing a battery-grade lithium hydroxide refining facility, the first of its kind in North America, as well as facilities to support other types of battery materials processing, refining, and manufacturing and ancillary manufacturing operations in support of Tesla’s sustainable product line.”
Tesla also confirmed that it planned to invest $365 million in the lithium plant, which would employ about 165 people full-time plus another 250 construction jobs for about two years.
China and oil, link here:
Each vessel can transport a whopping 2 million barrels of crude.
The people said that the loading of the tankers is expected to occur across US Gulf Coast terminals.
"Chinese buying activity of US barrels seems to be the hottest activity right now," Viktor Katona, a lead crude analyst at Kpler.
He said Chinese firms are taking advantage of a "remarkable, profitable arbitrage" for US crude that has been suppressed because of President Biden's massive releases from the Strategic Petroleum Reserve (remember when China was buying SPR releases last year?).
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Back to the Bakken
Active rigs: 45.
Peter Zeihan newsletter.
WTI: $77.97.
Natural gas: $2.760.
Friday, March 3, 2023: 14 for the month; 176 for the quarter, 176 for the year
38959, conf, KODA Resources, Stout 1603-3BH,
38957, conf, KODA Resources, Stout 1622-1BH,
38615, conf, Hunt, Halliday 146-93-25-36H 3,
38342, conf, Enerplus, Grip 149-92-31C-30H,
39083, conf, CLR, Woodrow 2-32H,
38747, conf, Ovintiv, Sorenson Federal 153-96-9-4-13H,
38346, conf, Enerplus, Court 149-92-31D-30H,
RBN Energy: Uinta Basin's gas-egress dilemma clouds forecast, part 2. Archived.
Production of waxy crude in the Uinta Basin is up by more than half since mid-2021 and E&Ps there would like to produce more — the dense, slippery hydrocarbon is in high demand, not just by refineries in nearby Salt Lake City but also by at least a few of their Gulf Coast counterparts. Producers seem to have a handle on transporting increasing volumes of the stuff to market by truck and rail. The problem is, waxy crude emerges from Uinta wells with associated gas that needs to be piped away, the gas pipelines out of the play are nearing capacity, and addressing the takeaway constraints is a very complicated matter. In today’s RBN blog, we discuss the northeastern Utah play’s gas-takeaway concerns and the prospects for continued growth in waxy crude production.
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