Vulcan Energy Resources Limited (ASX: VUL) has received approval from the state authority in Rheinland-Pfalz, Germany, for the Operating Plan for Vulcan’s lithium extraction Demonstration Plant.
Highlights
• On site works are ongoing at the Demo Plant. Once operational the Demo Plant is aiming to train Vulcan’s team in a pre-commercial setting, prior to commercial scale plant construction and operation.
• This follows on from a 20-month continuous operation of Vulcan’s Pilot Plant, which has successfully produced the data required for Vulcan’s Definitive Feasibility Study (DFS). The DFS is progressing on track for finalisation in Q1 2023.
• Vulcan uses a unique combination of commercially mature methods to extract lithium from its geothermal brine in the Upper Rhine Valley Brine Field, with net zero carbon footprint, and zero fossil fuels used in the production process.
• Vulcan’s process is entirely driven by renewable energy and seeks to fix lithium’s problem of high carbon emissions in current production processes used worldwide. In line with its stated timeline, Vulcan is aiming to enter into commercial production by 2025, scaling up its development in a phased manner to supply its customers in the battery electric vehicle market in Europe with sustainable lithium.
“Following on from nearly two years of successful Pilot Plant operation demonstrating our lithium extraction process, as we enter the concluding stages of the Zero Carbon Lithium Project DFS, our Demo Plant will provide an important next phase of training and learnings for our team in a pre-commercial setting,” Vulcan’s Managing Director and CEO, Dr. Francis Wedin, said.
“We will also be able to produce samples at a larger scale for our offtake customers to test. It is encouraging to receive this approval of operating plans from the state authority, and we look forward to keeping our stakeholders informed as construction progresses on site.”
For further information please visit: https://v-er.eu/
