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Vulcan Energy (ASX:VUL) - Sales & Marketing Consultant, Jochen Rudat - The Market Herald
Sales & Marketing Consultant, Jochen Rudat
Source: Automotive News Europe
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  • Vulcan Energy (VUL) will team up with Circulor to ensure when it commences production of zero-carbon lithium in 2024, the supply chain is fully traceable
  • Circulor's software enables tracking of raw materials through a supply chain to demonstrate responsible sourcing and also provides visibility of carbon dioxide intensity across the supply chain and participants
  • Vulcan is aiming to become the first zero-carbon lithium producer globally and, by implementing this solution, the company will be able to assist its customers in meeting their sustainability objectives
  • The company will first use Circulor's solution at a pilot and demonstration plant level while developing its project in Germany
  • Shares are trading flat at $6.32

Vulcan Energy (VUL) will team up with Circulor to ensure when it commences production of zero-carbon lithium in 2024, the supply chain is fully traceable.

Circulor's software enables tracking of raw materials through a supply chain to demonstrate responsible sourcing and also provides visibility of carbon dioxide intensity across the supply chain and participants.

The system also assists companies in protecting their reputation, providing proof of compliance and tracking carbon. Several major automotive brands use Circulor's software including Volvo Cars, Daimler, Polestar and Jaguar.

"The electric vehicle (EV) battery market in Europe is evolving fast with many new players establishing themselves in the market, and with a clear advantage for those who can prove sustainable practices," said Circulor CEO Douglas Johnson-Poensgen.

"We are pleased to be supporting Vulcan in meeting Europe's needs for the electric vehicle transition, from a zero-carbon source, for many years to come. Together, we will set a new benchmark for the responsible sourcing of raw materials to enable sustainable mobility for the future."

Vulcan is aiming to become the first zero-carbon lithium producer globally and, by implementing this solution, the company will be able to assist its original equipment manufacturer customers in meeting their sustainability objectives.

The company will first use Circulor's solution at a pilot and demonstration plant level while developing its project in the Upper Rhine Valley region of Germany.

"This collaboration between Circulor and Vulcan will allow us to develop the world’s first fully traceable, transparent and zero-carbon lithium product extracted and consumed in Europe," said Vulcan CEO Dr Francis Wedin.

"As well as showing Vulcan’s commitment to a transparent supply chain with net zero carbon footprint, it is another industry-leading move by Vulcan that sets the way forward for the raw materials industry to improve and align to OEMs’ goal of producing truly sustainable EVs," he added.

Shares are trading flat at $6.32 at 10:25 am AEDT.

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