Insights

Vulcan (ASX:VUL) share price gains 8% on news of negative emissions

Vulcan’s Zero Carbon Lithium Project has been crowned the world’s most carbon efficient.
The post Vulcan (ASX:VUL) share price gains 8% on news of negative emissions appeared first on The Motley Fool Australia. –

The Vulcan Energy Resources Ltd (ASX: VUL) share price is soaring after the company announced its Zero Carbon Lithium Project will produce negative carbon emissions.  

Vulcan has found the project will remove 2.9 tonnes of carbon dioxide from the atmosphere for every tonne of lithium hydroxide monohydrate produced.

Right now, the Vulcan share price is $10.76, 8.14% higher than its previous closing price.

Let’s take a closer look at today’s news from Vulcan.

Negative CO2 emissions

The Vulcan share price is charging after the company announced its updated life cycle assessment from its Zero Carbon Lithium Project found it will produce negative carbon emissions.

The new assessment includes data from the project’s previously updated pre-feasibility study.

The Zero Carbon Lithium Project ­– located in Western Germany – is Europe’s largest lithium resource.

The company will use renewable geothermal energy to power the project. In fact, it will produce more renewable energy than it will use, returning the excess to the German electricity grid.

Vulcan is also refusing to use fossil fuels in its planned operations – a decision it says is industry-leading.

The new life cycle assessment also leaves the company’s project with the lowest planned carbon footprint in the world’s lithium industry.

In addition, the brine that Vulcan’s lithium will be extracted from will be returned to its original state. Thus, the project will use less water than other lithium extraction methods.

Vulcan also noted Western Germany has more water than it needs. This contrasts with other lithium projects – such as those in Western Australia and Chile – which are removing water from environments that need it.  

Commentary from management

Vulcan’s managing director Dr Francis Wedin commented on the news driving the company’s share price today:

At Vulcan, our mission is to produce lithium for batteries with the highest environmental performance of any lithium chemical produced anywhere in the world. We are doing the hard scientific work of decarbonisation by intentionally deploying technologies with lower environmental impacts. European consumers and regulators expect to see actual measured carbon footprint reduction from industry, not just aspirations or untested claims.

Vulcan share price snapshot

Vulcan is seemingly proving that going green pays in dividends.

The Vulcan share price has gained 275% since the start of 2021. It has also increased by 1,949% since this time last year.

The company has a market capitalisation of around $1.12 billion, with approximately 108 million shares outstanding.

The post Vulcan (ASX:VUL) share price gains 8% on news of negative emissions appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

Up 2,000% in a year, why the Vulcan Energy (ASX:VUL) share price is gaining again
Why is the Vulcan Energy (ASX:VUL) share price halted?
Vulcan Energy (ASX:VUL) share price surges 10% on quarterly update
Vulcan (ASX:VUL) share price on watch following spin-off IPO update
Why CSL, Humm, IntelliHR, & Vulcan shares are pushing higher

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. 

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!