Join our daily newsletter At The Bell to receive exclusive market insights
- Vulcan Energy (VUL) receives results from its updated independent life cycle assessment based on data from its pre-feasibility study
- Results of the updated life cycle assessment (LCA) estimate less than 2.9 tonnes of carbon dioxide will be emitted per tonne of lithium hydroxide produced from Vulcan’s Zero Carbon Lithium Project
- VUL says the results confirm its project, in the Upper Rhine Valley of Germany, has the world’s lowest planned carbon footprint, according to public data
- Vulcan Energy is trading at $9.95 at 10:26 am AEST
Vulcan Energy (VUL) has received results from its updated independent life cycle assessment based on data from its pre-feasibility study.
Vulcan commissioned Minviro, a life cycle assessment consultancy company with a focus on environmental sustainability, to complete an updated life cycle assessment (LCA).
Results of the LCA estimated less than 2.9 tonnes of carbon dioxide will be emitted per tonne of lithium hydroxide produced from Vulcan’s Zero Carbon Lithium Project, in the Upper Rhine Valley of Germany.
Vulcan’s negative carbon dioxide emission intensity is a result of the impact offset generated by renewable geothermal energy production, as well as use of geothermal heat of drive lithium processing.
VUL says that according to public data, the results confirm Vulcan’s project has the lowest planned carbon footprint in the world compared with any other life cycle assessment results previously published in the lithium industry.
It also confirms a low water usage and water scarcity factor, compared with traditional forms of lithium production.
“This LCA update is part of our commitment to continuously scrutinise our environmental footprint as we develop our project and scale up with the highest standards of integrity,” Vulcan Managing Director Francis Wedin said.
“European consumers and regulators expect to see actual measured carbon footprint reduction from industry, not just aspirations or untested claims. Vulcan intends to produce the lithium products that the electrification revolution deserves.”
Vulcan Energy was trading at $9.95 at 10:26 am AEST.
