Nobian and Vulcan in lithium partnership
Vulcan Energy Resources and Nobian have announced today that they have signed a term sheet for a proposed strategic partnership aiming to jointly develop and operate a lithium hydroxide plant for electric vehicle batteries in Germany. This builds on 15 months of collaboration between the two firms but is not legally binding on the two parties in most respects.
The project, if it goes ahead, will draw on Vulcan’s Zero Carbon Lithium technology, which makes lithium hydroxide via chlor-alkali type electrolysis and Nobian’s experience in industrial electrolysis and operating chlor-alkali plants. Nobian is also making an initial equity of €15 million investment into Vulcan’s Central Lithium Plant out of the total expected capex of €322 million.
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