- Anson Resources (ASN) reports “highly-positive” results from its hydropower energy recovery study at the Paradox project in Utah, USA
- The study shows up to seven megawatts (MW) of “green energy” can be generated during brine extraction and transportation to a lithium extraction plant through the use of small-scale hydro energy plants
- The results also show “significant” opportunities to further reduce carbon emissions, improve environmental, social, and corporate governance (ESG), and reduce operating costs at the project
- The company says it will conduct further studies to establish the best way to produce lithium with the lowest-possible carbon emissions
- Shares in ASN are up 2.63 per cent, trading at 19.5 cents at midday AEDT
Anson Resources (ASN) has reported “highly-positive” results from its hydropower energy recovery study at the Paradox project in Utah, USA.
The study was carried out by Worley Group, a leading provider of professional services in the energy, chemicals and resources sectors.
It aimed to look for opportunities to utilise the hydraulic power of brine flowing from the wells and harness the energy generated by the brine being transported to the production location.
The results revealed that up to seven megawatts of “green energy” could be generated during brine extraction and transportation to the lithium extraction plant through the use of small-scale hydro energy plants
The study also identified significant opportunities to further reduce carbon emissions, improve environmental, social, and corporate governance (ESG), and reduce operating costs at the project.
Anson Executive Chairman and CEO Bruce Richardson said the “green profile” of the Paradox project had been a priority since its outset.
“Anson has a commitment to identifying opportunities to lower its environmental disturbance and carbon emissions with the use of technology,” Mr Richardson said.
“From the commencement of development of the Paradox lithium project, Anson has sought technologies to reach this objective.”
Mr Richardson added that utilising hydropower enabled the company to reach its goal and also achieve a cost advantage over its competitors.
Anson continues to conduct Front End Engineering Design (FEED) work to further examine the option to include hydropower generation as part of the project’s overall power supply strategy.
Shares in ASN were up 2.63 per cent and trading at 19.5 cents at midday AEDT.