“Innovative technologies provide better, more sustainable and more efficient access to raw materials. By investing in startups, we are speeding up development of new technologies, stimulating competition and providing impetus that will make it easier for young companies to access the market,” said Wolfgang Obermaier, Senior Vice President Indirect goods and services, raw materials, production partners at the BMW Group. “By investing in Lilac Solutions, we are supporting technological progress in the field of lithium extraction, with a focus on responsible and sustainable methods.”
Lilac Solutions has developed a new ion exchange technology to make mining lithium from brine resources more efficient and cost-effective. The company seeks to significantly reduce environmental impact compared to conventional methods, while, at the same time, protecting local communities and ecosystems. The technology has already been proven in initial field pilots and must now demonstrate that it can be scaled and industrialised in the mid-term. The process could then be used with brines worldwide, even if they have a low lithium content.