Overview
- The package totals about €2.193–€2.2 billion to fully fund phase one through a mix of public, export‑credit and private financing.
- Germany’s Rohstofffonds will invest up to €150 million, Export Finance Australia approved €120 million, and the European Investment Bank is lending €250 million.
- Permits are in place for the Landau extraction plant and Frankfurt‑Höchst processing facility, construction has begun, and first commercial output is targeted around 2028.
- Phase one is designed to produce roughly 24,000 tonnes per year of battery‑grade lithium hydroxide from Upper Rhine Graben geothermal brine while co‑producing renewable heat and power.
- Offtake contracts include LG Energy Solution (31,000 tonnes over six years), Umicore (23,000 over six), Stellantis (128,000 over ten) and Glencore (36,000–44,000 over eight).