Curated News
By: NewsRamp Editorial Staff
May 09, 2024
Element 25 and Veolia Partner for New HPMSM Refinery in Louisiana
TLDR
- E25 secures 35 acres in Louisiana for HPMSM refinery, backed by $85M investment from General Motors and support from Veolia.
- E25 partners with Veolia to establish a high-purity manganese sulphate monohydrate (HPMSM) refinery in Burnside, Louisiana, with access to critical resources.
- The collaboration between E25 and Veolia promises economic benefits for Ascension Parish and supports broader energy transition goals.
- E25's initiative to establish the USA’s first HPMSM facility in Louisiana is a major step towards sustainable energy production.
Impact - Why it Matters
The collaboration between Element 25 and Veolia to establish a high-purity manganese sulphate monohydrate (HPMSM) refinery in Louisiana has the potential to enhance economic development in the region, support energy transition goals, and secure critical resources for the project. The partnership reflects a strategic move for Element 25 as it aims to secure project financing and make investment decisions by 2024, marking a significant step forward in the company's expansion and development.
Summary
Element 25 Ltd (ASX:E25 OTCQX:ELMTF) is partnering with Veolia North America to establish a site for a high-purity manganese sulphate monohydrate (HPMSM) refinery in Burnside, Ascension Parish, Louisiana. The partnership involves E25 acquiring approximately 35 acres of land adjacent to Veolia's existing sulphuric acid production facility, securing critical resources for the project. This initiative is part of E25's broader Louisiana HPMSM Project, aiming to secure project financing and finalize investment decisions by August 30, 2024.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Element 25 and Veolia Partner for New HPMSM Refinery in Louisiana
