Vulcan has signed an MOU and a term sheet agreement with European essential chemicals producer, Nobian, for the development of its Central Lithium Plant.
The agreement will see Vulcan and Nobian assess the feasibility of a joint project for
the development, construction and operation of the lithium plant in Germany, including the electrochemical conversion process of lithium chloride to battery quality lithium hydroxide.
The joint development project is phased, accompanied by a joint progress decision at the end of the second phase. Project investment from Nobian will be discussed on market terms following the conclusion of the Definitive Feasibility Study.
Vulcan managing director Dr Francis Wedin says a partnership with Nobian is consistent with its strategy to capitalise on synergies available to the company with existing chemical producers.
Nobian’s experience will contribute to de-risking our planned scale-up and build-out, towards our goal of starting production from our Zero Carbon Lithium Project in 2024," Wedin says.
"We look forward to a long and productive relationship with Nobian and their skilled
operations and development team.”
