UK to invest in Europe's first geothermal lithium recovery plant
2020-08-07 11:31:57 [Print]
The UK government announced plans to invest, through its Getting Building Fund, in the construction of Europe's first geothermal lithium recovery pilot plant at a location near Redruth, Cornwall.
The public funds will support a ￡4-million collaboration between Geothermal Engineering (GEL) and Cornish Lithium at GEL's deep geothermal project, which aims to demonstrate that lithium can be produced from geothermal waters with a net-zero carbon footprint.
According to Cornish Lithium, the pilot plant will trial environmentally-responsible Direct Lithium Extraction technology, and its suitability to extract lithium from Cornish geothermal waters.
Recent tests run by Cornish Lithium and GEL have demonstrated that the geothermal and the lithium resources lying beneath granite rocks in Cornwall are potentially commercially viable, given recent advances in extraction technologies.
The new capital injection comes in addition to the ￡826,000 that Cornish Lithium recently raised from its shareholders to expand ongoing drilling work.
The public funds will support a ￡4-million collaboration between Geothermal Engineering (GEL) and Cornish Lithium at GEL's deep geothermal project, which aims to demonstrate that lithium can be produced from geothermal waters with a net-zero carbon footprint.
According to Cornish Lithium, the pilot plant will trial environmentally-responsible Direct Lithium Extraction technology, and its suitability to extract lithium from Cornish geothermal waters.
Recent tests run by Cornish Lithium and GEL have demonstrated that the geothermal and the lithium resources lying beneath granite rocks in Cornwall are potentially commercially viable, given recent advances in extraction technologies.
The new capital injection comes in addition to the ￡826,000 that Cornish Lithium recently raised from its shareholders to expand ongoing drilling work.
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