Vulcan makes third important appointment, adding industry expertise

By Trevor Hoey. Published at Mar 25, 2021, in Technology

Emerging zero carbon lithium producer, Vulcan Energy Resources (ASX:VUL; FRA: 6KO) has appointed senior German chemicals industry executive Dr. Heidi Grön as Non-Executive Director.

Dr. Grön is a chemical engineer by background with 20 years’ experience in the chemicals industry.

Since 2007, Grön has been a senior executive with Evonik, one of the largest specialty chemicals companies in the world, with a market capitalisation of €14 billion and 32,000 employees.

In this role, Grön is currently responsible for global product safety of nine large growth business units, as well as undertaking impact assessment and development of solutions for the chemicals strategy for sustainability as an essential part of the European Union Green Deal.

Pointing to the valuable expertise that Grön will bring to Vulcan, Chairman Gavin Rezos said, “Dr Heidi Grön has taken chemical products and processes from a market concept through to full scale production in new chemical refineries in Germany, the US and China and we are delighted that Heidi will bring her invaluable project and market development experience to the Vulcan Board.”

Rezos also noted that Dr Horst Kreuter, a founder of Vulcan and one of the drivers of the group’s business in Germany, would be retiring from the Vulcan Board to fully focus on his role as Executive Director for Vulcan’s project development company in Germany.

Dr Kreuter has been appointed as a Board Advisor in relation to geothermal project development, in keeping with the Board’s policy of having a majority of independent directors.

This reaffirms Vulcan’s commitment to good governance, and it is also worth noting that Grön brings significant expertise across the environmental and social areas, reinforcing the group’s goal of leading the way as an ESG company.

Robust cash position and the right people in place

Vulcan Energy 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.

As well as expressing her excitement in being part of this important project for Vulcan and the broader German industrial environment, Grön noted the significant job creation that will occur in the Upper Rhine Valley region as the project progresses.

Grön’s appointment is the third important addition to Vulcan’s executive and operational team in March.

In mid-March, Ms. Poliscanova a Senior Director with the European Union Transport and Environment (T&E) who was instrumental in shaping policies around EU vehicle CO2 standards and sustainable batteries was appointed as an advisor to the board.

This was soon followed by the appointment of a former Tesla executive to provide consulting services to Vulcan in relation to the lithium market, battery supply chain and offtake.

Ms. Liu led and managed Tesla’s multi-billion-dollar strategic partnerships and sourcing portfolios that supported Tesla’s Energy and Battery business units including Battery, Battery Raw Material, Energy Storage, Solar and Solar Glass, including raw materials sourcing efforts such as lithium for battery cells.

Read: Former Tesla Head of Battery and Energy Supply Chain joins VUL

Consequently, management is steadily laying the foundations to hit the ground running with the construction stage once piloting test work, final permitting and the DFS have been completed in the coming 12 months.

Having recently completed a sizeable capital raising of $120 million, Vulcan is financially robust and well-positioned in terms of human resources to deliver on its goals.


Where to invest $1,000 right now


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.

Publishers Notice

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.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X