ARTIS-Uli Deck// 08.11.2024 Vulcan Energie Ressourcen, Eröffnung Lithiumhydroxid-Optimierungsanlage von Vulcan, Industriepark Höchst
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Strengthening Europe’s and Germany’s raw material independence for battery and electric vehicle production: Vulcan Energy is pleased to announce that the “Clean Lithium for Battery Cell Production” (Li4BAT) project has received approximately €104 million in funding from the German federal government and the states of Rhineland-Palatinate and Hesse. This support is provided within the framework of the EU’s Temporary Crisis and Transition Framework (TCTF) through the federal funding program “Resilience and Sustainability of the Battery Cell Production Ecosystem” and is provided by the German Federal Ministry for Economic Affairs and Energy (BMWi) and the states of Rhineland-Palatinate and Hesse.
The goal of this funding is to establish industrial lithium extraction and processing in Europe to improve supply security for the battery and automotive industries in Germany and Europe. Vulcan is pursuing this goal within the framework of its first project phase, “Lionheart.” The funding will help build two production facilities: a lithium extraction plant (LEP) in Landau, which extracts lithium chloride, and a central lithium plant (CLP) in Frankfurt-Höchst, which further processes lithium hydroxide monohydrate (LHM). These plants are expected to produce up to 24,000 tons of LHM annually, sufficient for approximately 500,000 electric car batteries per year.
Cris Moreno, Managing Director and CEO, commented: “We are very pleased with the strong support from the German federal government and the state governments of Rhineland-Palatinate and Hesse. This funding will enable us to provide sustainable, domestic lithium for German and European electromobility. Raw materials such as lithium are crucial for the energy transition and the transition to electromobility. We will provide further updates on the completion of project financing and the start of construction of our production facilities in the coming months.”
The funding for the Li4BAT project is part of the overall financing package for Vulcan’s Lionheart project and is subject to certain conditions. This includes, among other things, the completion of an equity investment by KfW’s Raw Materials Fund (RMF) by March 31, 2026, at the latest. Negotiations for this are already well advanced. The financing package also includes a commitment from the European Investment Bank (EIB) of up to €500 million. Rhineland-Palatinate and Hesse will each provide 30% of the funding for the construction of the lithium plants in Landau and Frankfurt-Höchst, respectively. Payments will be made pro rata over a period of 36 months, starting October 1, 2025, based on recognized eligible expenditures.
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