Vulcan secures A$200m letter of support from EFA
The Australian government’s export credit agency has provided Vulcan Energy with a letter of support for up to A$200-million to be used towards the financing of its geothermal brine project in the Upper Rhine Valley of Germany.
“This is a tangible and powerful symbol of the sort of Australia - EU links sought as part of the Minerals Security Partnership, which includes Australia, Germany, France, the European Commission and the US,” said Vulcan MD and CEO Cris Moreno.
He said that Export Finance Australia’s (EFA's) letter of support was encouraging and strengthened the ASX-listed company’s position as it entered project-level debt and equity financing for Phase 1 of the Zero Carbon Lithium project next month.
The financing process start is timed to coincide with public funding applications in Germany, Moreno added.
The Zero Carbon Lithium project aimed to decarbonise lithium production, through developing a net carbon lithium business, with the co-production of renewable geothermal energy on a mass scale.
The €1.49-billion Phase One Zero Carbon lithium project is currently targeting 240 000 t/y of lithium hydroxide monohydrate production, with more than 300 GWh/y of renewable power and more than 250 GWh/y of renewable heat production.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation