- Vulcan Energy Resources (VUL) gets approval from the state authority in Germany, for the operating plan for its lithium extraction demonstration plant (demo plant)
- Once constructed, the demo plant will aim to train staff members in a pre-commercial setting, before the commercial scale plant is constructed
- The company reports the definitive feasibility study is still on track for completion in Q1, 2023
- The plan is for the commercial scale plant to begin production by 2025, using entirely renewable energy, to supply the battery electric vehicle market in Europe
- VUL shares Are down 0.31 per cent, trading at $6.50 at 11:59 am AEDT
Vulcan Energy Resources (VUL) has been given the green light by the state authority in Germany, for the operating plan for its lithium extraction demonstration plant.
Once constructed, the demo plant will aim to train staff members in a pre-commercial setting, before the commercial scale plant is constructed.
On site works are ongoing at the plant which is situated in the Upper Rhine Valley brine field in Rheinland-Pfalz.
Vulcan said the news comes after a 20-month operation of the pilot plant, which has generated enough data for a definitive feasibility study (DFS), still on track for Q1, 2023.
The company is aiming to enter commercial production by 2025, using entirely renewable energy to provide “sustainable” lithium to its customers in the battery electric vehicle market in Europe.
“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,” Managing Director 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.”
VUL shares were down 0.31 per cent, trading at $6.50 at 11:59 am AEDT.