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- Vulcan Energy (VUL) is building a geothermal energy and lithium brine processing plant in Germany
- It is now in negotiations with the Landau City Council of the Upper Rhine Valley to acquire land for the construction of its G-LEP
- The company already operates a geothermal well and has recently been approved to continue operations into 2025 in another province
- The company will ultimately provide geothermal heat to Landau and use the industrial park to process lithium brine
- Vulcan shares are up 2.08 per cent, trading at 4.41 at 10:43 am AEST
Vulcan Energy (VUL) has entered into negotiations with the Landau City Council (LCC) to acquire land for the construction of its integrated geothermal renewable energy and lithium extraction plant (G-LEP).
The G-LEP site is located within the planned Landau industrial park “Am Messegelände Südost.”
Vulcan aims to provide geothermal heat to the town of Landau through pipelines that will carry both lithium-hosting brine and water heated by the brine.
“The Landau City has a goal to build a sustainable future for its community. We will connect with the local stakeholders to educate on Vulcan’s Zero Carbon Lithium project,” VUL Chief Development Officer Thorsten Weimann said.
The company is seeking to establish its Zero Carbon Lithium project in the Upper Rhine Valley, Germany, specifically going after a local brine field. The company has been acquiring land since last year.
The State Mining Directorate (SMD) has approved the first main operating plant for its newly planned wells.
The company already operates a geothermal well and plant in the region under its ‘Insheim’ licence.
The recent approvals from the LCC and SMD reflect the latest developments in Vulcan’s progress towards the realisation of phase one of the project.
“Our hard work is paying off, with positive decisions for the project provided by the Landau City Council and the surrounding planned phase one project locations,” Vulcan Managing Director and CEO Cris Moreno said.
“We are looking forward to continuing our work with the City of Landau and local authorities in the short term to receive all our remaining permits in a timely manner.”
Vulcan shares were up 2.08 per cent, trading at 4.41 at 10:43 am AEST.
