National Energy Services Reunited (NESR) has secured an agreement with Saudi Aramco to develop Saudi Arabia’s first direct lithium extraction project. The contract is valued at approximately $200 million, with a potential five-year term. NESR’s environmental and decarbonization unit will execute the project.
The demonstration project aims to produce 2,000 tons of battery-grade lithium carbonate annually. Production is scheduled to begin in late 2027.
NESR will deploy its proprietary LiThara™ technology platform, combining direct lithium extraction from brine with Aramco’s subsurface expertise. The collaboration supports Saudi Arabia’s efforts to diversify its economy and build a domestic supply chain for materials used in the energy transition.