Currently, JX Nippon produces 300 metric tons of li-ion cathode materials per year. However, the mining corporation claims that its output will skyrocket to 5,000 tons annually by 2012.

The owners of Petra Nova were NRG and JX Nippon, a Japanese company. The oilfield was operated by Hilcorp Energy using a process called enhanced oil recovery, where the CO2 acts like soap to ...