S9E6 - Vulcan's Clever Strategy to take off its Zero Carbon Lithium: Sell it Years Ahead!
with 🎙️ Cris Moreno - Deputy CEO at Vulcan Energy Resources
💧 Vulcan aims to decarbonize the transition to electric mobility through its world-first Zero Carbon Lithium Projects for electric vehicle batteries and its renewable energy business.
What we covered:
🥇 How Vulcan aims to become the world's first integrated lithium chemicals company while also producing renewable energy...
0️⃣ ... and how they do all of this with net zero greenhouse emissions and without using any fossil fuels in their process
🔁 How Vulcan's Zero Carbon Lithium projects feature a 24'000 t/y first stage and what might be the next ones
💰 How Vulcan leapfrogged its path by acquiring an existing geothermal power plant in Hinsheim, Germany
👨🔬 How the company tested various Direct Lithium Extraction (DLE) methodologies to end up developing a proprietary sorption process
🇪🇺 How this sorption material belongs to the Dow / Dupont / FMC / Livent family, but with the added touch that it's made in Europe
🌊 How Vulcan desorbs it with fresh water, and how water availability is one of the perks of producing in the Upper Rhine Valley
🤑 How the company plans an 84% EBITDA on its Zero Carbon Lithium product, despite a forecasted lithium price way below the current spot
🚗 How, to whom, and under which conditions Vulcan sold its Zero Carbon Lithium product to battery and car manufacturers years ahead of actually producing it
🏗️ How 2023 shall be pivotal for Vulcan to transform from a development company into an actual production company
📈 How the Company has €120 Million in its bank account... and actively looks to increase its financing in order to cover for the first phase of the project
How the Upper Rhine Valley is Europe's largest lithium resource, and a globally relevant one and how CAPEX might be the only thing to slow it down to cover for the entirety of Europe's lithium needs
🛢️ How DLE combined with geothermal energy production might be seen as a complex mining project... or as a very easy oil and gas one!
📅 Kicking off production in 2025, producing renewable power & heat, next projects in the Upper Rhine Valley - and on the French side, building the right team to execute the project, kicking off the commercial scale in Q3 2023... and much more!
🔥 ... and of course, we concluded with the 𝙧𝙖𝙥𝙞𝙙 𝙛𝙞𝙧𝙚 𝙦𝙪𝙚𝙨𝙩𝙞𝙤𝙣𝙨 🔥
🔗 Come say hi to Cris on LinkedIn
🔗 Check Vulcan's website
➡️ Check out the entire article on How Vulcan plans to take off its Zero Carbon Lithium assets in the Upper Rhine Valley
➡️ Reach out to me: email@example.com
More episodes in this Series:
1 - Why Water Technologies Matter in Lithium Mining (And Why You Should Buy Now!)
2 - The Shocking Requirements of Spodumene Processing (and other Lithium 101 stories)
3 - Standard Lithium's 10 Simple Secrets to DLE Success (and how that rolls out in El Dorado)
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