Hochtief Group has expanded its partnership with Germany-focused Vulcan Energy, the world?s first sustainable lithium and renewable energy business, and will have an end-to-end role in developing its lithium production and processing infrastructure. Through its company Sedgman, HOCHTIEF has 45 years? experience processing and delivering critical minerals essential to clean energy, advanced manufacturing, and digital infrastructure, including delivering more than 630 studies and projects in the sector globally.
HOCHTIEF?s and ACS?s strategy is to expand across the critical minerals and energy transition value chain, building an integrated presence in investment, extraction, processing and infrastructure. In line with this strategy, the companies announce that: Sedgman and HOCHTIEF Infrastructure have been appointed as the Engineering, Procurement and Construction Management contractor for Vulcan?s Lionheart Project, delivering an end-to-end solution for the EUR 397 million Lithium Extraction Plant and EUR 337 million Central Lithium Plant. HOCHTIEF has agreed to an investment in Vulcan of EUR 169 million, comprising a EUR 39 million investment in the Lionheart Project and a subscription of up to EUR 130 million in Vulcan shares, becoming a cornerstone investor.
HOCHTIEF has been named as preferred supplier for the project?s civil construction works. BofA is acting as Financial Adviser to HOCHTIEF in this deal.
