4 ms·
Its surprising to me oil companies are getting into charging, rather then materials processing. The is a gigantic market emerging for battery materials. All of
by nickik 6y ago
Its surprising to me oil companies are getting into charging, rather then materials processing. The is a gigantic market emerging for battery materials. All of these high grade materials need processing.
Given oil companies should be expert at dealing with extraction and processing, I would expect them to get into that supply chain.
There is tons of places where a large investment could lead to huge returns.
- Lithium
- Nickel
- Graphite
- Cobolt
All of these need significant amount of processing before they go into batteries.
I understand oil pumping and refining is different then a nickel mine and refining, but it doesn't seem to be a crazy transition to make. Had they started this a couple years ago they would be in a great position.
Promising projects were incredibly cheap to buy up a couple years ago.
- fuzzfactor 6y agoMining is unclean and they already have an operation where the best money is made from oil that comes out of the ground by itself after the well is drilled. Here they are drilling into electricity reserviors and also taking their cut as it makes its way to consumers, with what they think is probably the best technology for the occasion too. Who knows where that electricity is coming from but the math could probably be done and it may turn out this makes Shell just a little bit cleaner.