Vulcan Energy in talks with oil majors for potential investment in German lithium brine project
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/082923-interview-vulcan-energy-in-talks-with-oil-majors-for-potential-investment-in-german-lithium-brine-project
Quotes: "Vulcan Energy Resources is engaging with several oil and gas majors regarding potential involvement in its Zero Carbon Lithium project in Germany, the company's chief commercial officer, Vincent Ledoux-Pedailles confirmed to S&P Global Commodity Insights in a recent interview."
"In addition to capital, Ledoux-Pedailles said that an upstream partnership with an oil and gas major would provide the project with additional expertise and capabilities with respect to the drilling and pumping operations associated with lithium brine extraction, which has significant similarities to that of oil."
"Ledoux-Pedailles added that the company was hoping to make an announcement by the end of the year."
"A Definitive Feasibility Study published in 2022 estimated operating expenditure of phase 1 at Eur 4,359/mt of lithium hydroxide, well below that of existing lithium projects in the Americas and Australia."
Vulcan Energy in talks with oil majors for potential investment...
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