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.
