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Why the Vulcan Energy (ASX:VUL) share price is up today

The Vulcan Energy (ASX: VUL) share price is up nearly 4% today after it announced an expert special advisor will join its board.
The post Why the Vulcan Energy (ASX:VUL) share price is up today appeared first on The Motley Fool Australia. –

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The Vulcan Energy (ASX: VUL) share price is up more than 3% today after the miner announced an expert special advisor will join its board. At the time of writing, the Vulcan share price is up 3.29%, trading at $5.59.

Julia Poliscanova is a sustainable battery and CO2 policy expert who has worked with various European Union (EU) entities. Let’s look further into the career of Vulcan’s new advisor.

Julia Poliscanova, sustainable battery and CO2 policy expert

Ms Poliscanova is set to join the Vulcan Energy board as a special advisor. She will help guide the company through EU policy and in its transition to carbon-neutral production.

In today’s release, the company said Ms Poliscanova was currently a senior director with the EU’s Transport and Environment agency. She has played an important role in shaping the EU’s vehicle CO2 standards.

She recently worked to create policies within the EU’s CO2 battery regulations, which effectively banned unsustainable and high-CO2 batteries in the EU.

Ms Poliscanova is also on the steering committee of the Global Battery Alliance, which is working to make battery manufacturing more sustainable and speed up implementation.

Vulcan Energy said her experience managing the CO2 footprint of lithium-ion battery production was highly relevant for the company. Particularly as it aims to create the world’s first carbon-neutral lithium project.

Ms Poliscanova said she was pleased to be appointed as an advisor to the board of the “future-focused” Vulcan.

Vulcan is at the centre of both renewable energy and EU-sourced sustainable lithium for batteries and is a great example of the private sector corporate action required to help the EU achieve its zero emissions goals.

The EU policies on batteries have been designed to encourage exactly these types of sustainable, long term, green solutions.

Commentary from management

Vulcan chairman Gavin Rezos welcomed Ms Poliscanova as an advisor to the Vulcan board.

Julia’s work shaping and creating EU policy in this field has been vital in making sure Europe manages the transition to e-mobility in the right way, by ensuring zero carbon production of lithium-ion batteries, including the constituent raw materials such as lithium.

Managing Director Dr Francis Wedin said he looks forward to Ms Poliscanova’s insights into public policy.

This forward-thinking policymaking matches our core strategy to produce a world-first zero-carbon lithium for the European battery electric vehicle market, and in doing so to build a combined renewable energy and zero carbon chemicals business.

Vulcan share price snapshot

The past year has been a good one for Vulcan Energy’s share price. It’s currently up 3357% over the past 12 months and by 137% year to date.

Based on its current share price, Vulcan Energy has a market capitalisation of around $685 million. It has approximately 107 million shares outstanding.

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Motley Fool contributor Brooke Cooper 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.

The post Why the Vulcan Energy (ASX:VUL) share price is up today appeared first on The Motley Fool Australia.

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