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- Galan Lithium (GLN) partners with Circulor to establish full lithium traceability and ESG tracking for its lithium brine assets in Argentina
- GLN will use Circulor’s solution to help its future market products meet sustainability objectives such as ethical sourcing and CO2 transparency
- The company hopes to become a preferred supplier to global markets by meeting EU Battery Regulations and other international legislation
- Shares are trading in the grey at $1.05 at 10:21 am AEST
Galan Lithium (GLN) has partnered with Circulor to establish full lithium traceability and environmental, social and governance (ESG) tracking for its lithium brine assets in Argentina.
Headquartered in the UK, Circulor is a sustainable supply chain traceability provider with a global footprint, including Germany, Singapore and Australia.
Galan will implement Circulor’s solution to help its future market products meet sustainability objectives for ethical sourcing, carbon dioxide transparency and other ESG performance metrics.
Specifically, Galan will use this solution during its feasibility study stage to track samples from its pilot lithium carbonate plant to marketable product, expected in the second half of 2022.
Further, GLN said it would work with its new partner during the initial readiness phase to establish a blueprint for sustainable supply chain traceability.
In this way, Galan hopes to become a preferred supplier by meeting EU Battery Regulations, supply chain due diligence legislation and the proposed Carbon Border Adjustment Mechanism, once extended to lithium.
Galan’s managing director Juan Pablo Vargas de la Vega said the company was excited to underpin the ESG performance of its assets, products and supply chains.
“Making this visible and easily traceable for our markets distinguishes our products and will help future customers make their complex supply chains more transparent,” he said.
“It also reinforces our commitment to sustainability for our markets and other stakeholders.”
Circulor Director of Business Development Yue Jin Tay said supply chain traceability was increasingly important for businesses looking to decarbonise and improve their ESG performance.
“It enables them to make more informed decisions in support of these objectives and provide customers with insights into the environmental and social impacts of these decisions”.
Shares were trading in the grey at $1.05 at 10:21 am AEST.
