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Sustainable Projects Group Inc. (OTC US: SPGX) is a pioneering company in the green technology sector, focusing on sustainable lithium projects across the United States. With a strong network of Canadian professionals specializing in energy engineering, project management, and installation, the company takes a comprehensive design-build approach to its initiatives. From industrial lighting installations to corporate-wide energy audits, SPG simplifies complex processes by assembling dedicated teams for each project.
One of the company's recent milestones includes a nonbinding letter of intent signed on June 22, 2023, with a leading midstream water management company to form a joint venture. This venture aims to create three manufacturing facilities in the United States, focusing on producing 3,800 metric tons of lithium carbonate and 39 million barrels of water for beneficial reuse annually. These facilities are expected to be operational between 2024 and 2026.
The company's subsidiary, Lithium Harvest ApS, has developed a groundbreaking technology to extract lithium from oilfield wastewater. This innovative method allows the company to manufacture lithium compounds efficiently and cost-effectively while significantly reducing its environmental footprint. This positions SPG as a key supplier of high-performance lithium compounds for the rapidly growing electric vehicle and battery markets.
In another significant development, Sustainable Projects Group announced a partnership on April 23, 2024, with Sunday Creek Horizons, LLC. This partnership focuses on securing financing and feedstock supply agreements for several lithium operations in the Ohio River Valley. This strategic alliance aims to bolster Ohio’s position as a leader in energy and sustainability.
Financially, the company is focused on growth and innovation, leveraging its proprietary technology to secure a competitive edge. The collaboration with Sunday Creek Horizons and other strategic partnerships underscore SPG’s commitment to a sustainable and economically viable future.
Overall, Sustainable Projects Group Inc. is at the forefront of green technology, driving innovation and sustainability in the lithium extraction industry while contributing to the broader goals of environmental responsibility and economic growth.
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