Vulcan forges valuable relationship with DuPont
Vulcan Energy Resources (ASX:VUL) has negotiated a collaborative agreement with DuPont Water Solutions, a leader in water filtration and purification.
Vulcan is aiming to become the world’s first Zero Carbon Lithium® producer, by producing a battery-quality lithium hydroxide chemical product with net zero carbon footprint from its combined geothermal and lithium resource, which is Europe’s largest lithium resource, in the Upper Rhine Valley of Germany.
This agreement will facilitate the testing and scale-up Direct Lithium Extraction (DLE) solutions for Vulcan’s world-first Zero Carbon Lithium® extraction process.
DuPont will leverage its portfolio of proprietary Direct Lithium Extraction (DLE) products to assist Vulcan with input and test-work during Vulcan’s Zero Carbon Lithium® project Definitive Feasibility Study (DFS).
As part of the project, DuPont will be developing and testing an integrated Direct Lithium Extraction Process for Vulcan’s brine.
Underlining the level of technological expertise DuPont will bring to the project, the group’s portfolio of lithium selective sorbent, nanofiltration, reverse osmosis, ion exchange resins, ultrafiltration, and close circuit reverse osmosis will be leveraged for the study.
The agreement is in line with Vulcan’s strategy to test and pursue commercially mature DLE products from major suppliers for its project to minimise technical risks and accelerate development of the project.
Unlike current extraction processes, the Zero Carbon Lithium® project will demonstrate the world’s first completely carbon neutral lithium extraction process with virtually zero environmental disruption.
DuPont brings multiple technological benefits
Commenting on this development and underlining DuPont Water Solutions’ (DWS) market leading position in sustainable water purification and separation technologies, Vulcan managing director Francis Wedin said, “Collaborating with a company like DuPont is an important derisking strategy for the DLE component of our Zero Carbon Lithium® project.
“DuPont’s diverse set of products which can be manufactured at scale are likely to be well-suited to sustainably extract the lithium from the brine. We look forward to a successful long-term relationship with DuPont, to implement our strategy of becoming a major supplier of our unique Zero Carbon Lithium® hydroxide to the European electric vehicle battery market.”
Vulcan will use its unique Zero Carbon Lithium® process to produce both renewable geothermal energy, and lithium hydroxide, from the same deep brine source.
In doing so, it will fix lithium’s current problems for the EU market, a very high carbon and water footprint of production, and total reliance on imports, mostly from China.
Vulcan aims to supply the lithium-ion battery and electric vehicle market in Europe, which is the fastest growing in the world, and the group has a resource that can satisfy Europe’s needs for the electric vehicle transition, from a zero-carbon source, for many years to come.
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.