In an effort to reduce dependence on imported supplies, Vulcan Energy Resources is building a low-carbon lithium plant using technology from NORAM Electrology Systems Inc. (NESI).
Following a €2.2 billion financing package, construction has begun on Vulcan Energy Resources’ central lithium plant in Frankfurt, Germany. This development is part of Vulcan’s “Project Lionheart”, which focuses on the production of domestic battery materials. The company aims to produce 24,000 tons of lithium hydroxide monohydrate annually, which is approximately enough to power 500,000 electric cars.
To achieve this goal, the plant will use NESI’s NORSCAND electrolysis technology to convert raw materials into lithium hydroxide used in batteries. The Vancouver-based clean technology company called the partnership “a great validation of NESI’s role.”
“This achievement strengthens the German-Canadian partnership and places NESI technology at the center of building lithium materials and batteries in Europe,” Jeremy Moulson, NESI’s president and CEO, said in a statement.
“Our collaboration with NESI ensures that our operations achieve the high-purity, low-impact outputs needed to deliver the world’s first integrated, sustainable lithium and renewable energy business,” said Chris Moreno, Managing Director and CEO of Vulcan Energy Resources.
Commercial production is scheduled to begin in late 2028.
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