Core Insights - Stardust Power Inc. has successfully completed the FEL 3 report for its lithium processing facility in Muskogee, Oklahoma, marking a significant milestone in the project's development [1][3] Project Overview - The FEL 3 report includes advanced design optimizations aimed at improving efficiency, reducing costs, and enhancing overall project economics [2] - Phase 1 of the project is planned to produce 25,000 metric tons per annum (mtpa) of battery-grade lithium, with capital expenditures estimated at approximately $500 million, which is nearly $200 million below initial estimates [2][5] - The construction timeline is expected to be around 24 months from the start of major work to mechanical completion [5] Technical Advancements - The FEL 3 report features a comprehensive 3D process model and detailed cost estimates for construction and operations, leading to improved capital and operating cost forecasts compared to previous studies [3] - Contingency costs have been reduced from 40% in earlier phases to a significantly lower level, reflecting increased project definition and confidence [3] Strategic Importance - The completion of the FEL 3 positions Stardust Power closer to a Final Investment Decision (FID), which is crucial for launching Phase 1 of the construction [4][6] - The Muskogee facility is designed to produce up to 50,000 mtpa of battery-grade lithium carbonate at full capacity, making it one of the largest lithium refineries in the U.S. and a key contributor to the country's energy security [4][7] Commitment to Sustainability - The facility is designed with a focus on minimizing air emissions, recycling water, and safely managing by-products, aiming for zero liquid discharge [4] - The project is expected to create hundreds of well-paying jobs in engineering, construction, and operations, with a commitment to hiring locally in Muskogee and Oklahoma [4][6]
Stardust Power Completes Front End Loading 3 Report (FEL 3) for Its Oklahoma Lithium Refinery