Vulcan Energy has entered into an agreement to supply geothermal heat for industrial use of chemical producer BASF in Germany, with possible lithium extraction.
Vulcan Energy Resources Limited (Vulcan) has entered into a staged agreement with chemical producer BASF SE (BASF) to joint develop a geothermal heat project to supply BASF’s Verbund site in the city of Ludwigshafen in Rhineland-Palatinate, Germany. The partners will also evaluate the feasibility of constructing a lithium extraction plant within the BASF site to produce lithium from geothermal brine.
This announcement follows up on two similarly big announcements that Vulcan has made within the last two weeks – the start of lithium hydroxide production at the company’s CLEOP site in Frankfurt, and the awarding of EUR 100 million federal funding from the Ministry of Economics and Climate Protection of Germany.
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