Vulcan Energy Resources (ASX:VUL) has received approval of its preliminary environmental impact assessment (EIA) application and will move forward with drilling to further develop wells in its core Insheim licence within its Zero Carbon Lithium Project in Germany.
The company says the approval of the preliminary EIA by the Rhineland-Palatinate State Office for Geology and Mining demonstrates that the environmental impacts of its planned deep wells for geothermal energy and lithium are not ‘significant’ in terms of their size, impact intensity, and extent.
Vulcan Energy notes this is the third preliminary EIA approval that the company has been awarded, following 2 approvals in the Taro licence of the phase one planned development area.
It is reported approvals are proceeding in line with Vulcan’s development plan.
The company also notes onsite works are continuing at Vulcan’s Lithium Extraction Demonstration Plant in Landau, where Vulcan remains on target for operations to begin in the mid-year.
works are continuing at Vulcan’s Lithium Extraction Demonstration Plant in Landau, where Vulcan remains on target for operations to begin in the mid-year
In addition, Vulcan’s production team has seen further growth under the leadership of the company’s new Vice President of Production Christian Tragut, who joined Vulcan from BASF.
Tragut held the position of Vice President of Operations for BASF in Germany.
It is expected once operations commence mid-2023, Tragut will focus on training the Vulcan Production team on the Demonstration Plant, targeting operational readiness prior to commercial scale production as part of phase one start of production target for year-end 2025.
Meanwhile, the company further reports a comprehensive 3D seismic survey has been completed in and around the city of Mannheim, with results of the survey expected to be incorporated into its next phases of lithium and renewable energy development plans.
Vulcan will supply renewable heat to the city of Mannheim from 2025 under an offtake agreement with MVV, one of the largest municipal energy suppliers in Germany.
Vulcan Energy Resources is an ASX-listed company founded in 2018 that is focused on developing its Zero Carbon Lithium Project, which aims to decarbonise lithium production through the development of the world’s first net carbon neutral, zero fossil fuels business, with the co-production of renewable geothermal energy on a mass scale.
The company’s combined geothermal energy and lithium resources represent the largest in Europe, with licence areas focused on the Upper Rhine Valley, Germany. Vulcan’s Zero Carbon Lithium project is strategically placed in the heart of the European electric vehicle market and is rapidly advancing the project to decarbonise the supply chain of electric vehicles.
Images: Vulcan Energy Resources Ltd
