National Energy Services Reunited Unit NESR Environmental And Decarbonization Applications Partners With Aramco To Execute The 2027 Lithium Demonstration Project; Implies Up To Five-Year Contract Value Of ~$200M

National Energy Services Reunited (NESR) has partnered with Aramco to execute a lithium demonstration project aimed at producing 2,000 tons per annum of battery-grade lithium carbonate, with commissioning expected by late 2027. The project has an implied contract value of approximately $200 million over five years. This collaboration leverages Aramco's subsurface expertise and NESR's LiThara™ technology for efficient lithium extraction, addressing the growing demand for battery materials in the energy transition.