Portland Advisers undertaking financial advisory role for the Vulcan Energy, Zero Carbon Lithium Project
Portland Advisers undertaking financial advisory role for the Vulcan Energy, Zero Carbon Lithium Project
Portland Advisers is pleased to be engaged to provide independent financial advisory services to Export Credit Agencies in support of the project financing of the Vulcan integrated renewable energy and Zero Carbon Lithium™ Project located in Germany. Vulcan aims to be the largest, strategic producer and supplier of lithium chemicals and renewable energy from Europe for Europe, empowering a net zero carbon future.
Vulcan will be a fully integrated renewable energy and lithium company with access to the largest lithium resource in Europe, becoming the first fully domestic sustainable lithium producer in Europe. The project will produce both renewable geothermal energy for heat and power and battery-grade lithium hydroxide monohydrate (LHM) for Electric Vehicles (EV) batteries, from the same deep brine source in Germany’s Upper Rhine Valley.
Vulcan intends to produce 24,000 tonnes of LHM per annum that could equip 500,000 EVs. The company has binding lithium offtake agreements with some of the largest cathode, battery, and automakers in the world, including Stellantis, Renault, VW, Umicore and LG Energy Solution. The Project is expected to have a substantial positive environmental impact as Vulcan will use zero fossil fuels in its LHM production process.
Portland Advisers will provide its extensive global expertise in advising on energy & resources value chains globally to support this first-of-its-kind energy transition project financing in Europe.
For further information, contact Grant McKeown at grant.mckeown@portlandadvisers.com or +44 7916 147640