Vulcan Energy Resources Limited (ASX:VUL)
Vulcan Energy Resources Limited (ASX:VUL) is aiming to become the worlds first Zero Carbon Lithium producer for electric vehicle batteries.
Backed by a team of world-renowned experts in chemistry, engineering and geology, the company aims to produce the worlds first battery-quality Zero Carbon Lithium hydroxide, by harnessing renewable geothermal energy to drive lithium production.
The company's lithium resource is large enough to satisfy Europes lithium needs for many years and to ensure its transition to electric vehicles is achieved with minimal environmental impact. Europe is the worlds fastest growing lithium chemicals market, with zero local supply. In doing so, Vulcan aims to fix lithiums main problems for the EU electric vehicle market i.e. high carbon and water footprints of production and total reliance on foreign imports.