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Area Development - Site Selection, Facility Planning and Workforce Development

Stardust Power Plans Muskogee, Oklahoma, Lithium Refinery

01/12/2024
Battery-grade lithium products manufacturer Stardust Power Inc. plans to establish operations at the Southside Industrial Park in Muskogee, Oklahoma.

The new refinery will have the capability of producing 50,000 tons per annum of battery-grade lithium. Construction is scheduled for the first half of 2024.

“We would like to thank Governor Stitt and officials at the Oklahoma Department of Commerce, Tulsa Chamber, City and Port of Muskogee for their strong support,” said Roshan Pujari, Founder and CEO of Stardust Power. “Oklahoma offers many advantages for private employers, including a strong, well-trained workforce and an eye on the future of energy production and mobility. Currently there is no large-scale refinery for battery-grade lithium in the United States, exposing the country to undue national security and supply chain risk. We will work with oil and gas producers to address America’s growing energy demands. When fully operational, our new lithium refinery will both speed America’s energy transition and boost Oklahoma’s local economy, creating significant new investment and employment opportunities. We are excited to call Oklahoma our new home.”

Stardust Power will be eligible to receive up to $257 million in state and federal economic incentives for the facility build-out. The company may also be eligible for further federal grants and or incentives offered by the Department of Energy and the Department of Defense. The total value of the economic incentive package will ultimately be determined by Stardust Power achieving certain business milestones around job creation and local investment, including new machinery, equipment and manufacturing.

“Stardust Power’s more than a billion-dollar investment is a testament to Oklahoma’s ‘all-of-the-above’ approach to energy, and our focus on workforce development,” noted Oklahoma Governor Kevin Stitt. “As we see more energy manufacturers moving to our state, due in part to our competitive, performance-based incentives, Stardust Power’s new lithium refinery will create hundreds of new jobs while cementing Oklahoma’s place as the best state in the nation for critical mineral manufacturing. I’m proud to welcome Stardust Power to Oklahoma, and I applaud their commitment to American energy dominance.”

Stardust Power Inc. is a development stage manufacturer of battery-grade lithium products designed to supply the EV industry. The company enjoys a diversified supply of lithium from American brine sources. Stardust is expected to become a publicly traded company on Nasdaq under the ticker symbol “SDST” via a planned business combination with Global Partner Acquisition Company II, a special purpose acquisition company.

“The high-paying jobs that will ultimately result from this refinery are a testament that Oklahoma is a national player in the ever-growing sustainable power sector,” added Arthur Jackson, senior vice president of economic development for the Tulsa Regional Chamber. “The continued commitment and support of the Tulsa’s Future economic development regional partnership help bring projects such as this to our region.”

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