Element 25 Ltd. (ASX:E25 OTCQX:ELMTF) managing director Justin Brown sits down with Proactive's Jonathan Jackson to discuss the collaboration with Veolia North America to establish a site for a high-purity manganese sulphate monohydrate (HPMSM) refinery in Burnside, Ascension Parish, Louisiana.The partnership entails E25 acquiring approximately 35 acres of land adjacent to Veolia's existing sulphuric acid production facility. This location will provide E25 with critical resources such as sulphuric acid, supplied by Veolia through a 20-year fixed-rate pipeline agreement. Additional services including natural gas, water and return water are included in the terms, alongside a temporary laydown area for use during the refinery's construction.This initiative is a component of E25's broader Louisiana HPMSM Project, aiming to secure project financing and finalise investment decisions by August 30, 2024. A pivotal step in the project's progression will be obtaining an air permit essential for commencing construction.Brown highlighted the strategic importance of the chosen site, noting its capacity to support the construction of the USA's first HPMSM facility. The agreement between E25 and Veolia involves several definitive agreements scheduled for execution by June 30, 2024.E25's venture is bolstered by a $85 million investment from General Motors and additional support from Stellantis N.V., enhancing the project's financial foundation. The synergy with Veolia's operations promises economic benefits for Ascension Parish and supports broader energy transition goals.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/element-25-and-veolia-partner-for-new-hpmsm-refinery-in-louisiana-584368820
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
Element 25 Ltd. (ASX:E25 OTCQX:ELMTF) managing director Justin Brown sits down with Proactive's Jonathan Jackson to discuss the collaboration with Veolia North America to establish a site for a high-purity manganese sulphate monohydrate (HPMSM) refinery in Burnside, Ascension Parish, Louisiana.The partnership entails E25 acquiring approximately 35 acres of land adjacent to Veolia's existing sulphuric acid production facility. This location will provide E25 with critical resources such as sulphuric acid, supplied by Veolia through a 20-year fixed-rate pipeline agreement. Additional services including natural gas, water and return water are included in the terms, alongside a temporary laydown area for use during the refinery's construction.This initiative is a component of E25's broader Louisiana HPMSM Project, aiming to secure project financing and finalise investment decisions by August 30, 2024. A pivotal step in the project's progression will be obtaining an air permit essential for commencing construction.Brown highlighted the strategic importance of the chosen site, noting its capacity to support the construction of the USA's first HPMSM facility. The agreement between E25 and Veolia involves several definitive agreements scheduled for execution by June 30, 2024.E25's venture is bolstered by a $85 million investment from General Motors and additional support from Stellantis N.V., enhancing the project's financial foundation. The synergy with Veolia's operations promises economic benefits for Ascension Parish and supports broader energy transition goals.
