Vulcan Energy recently estimated the total investment for the two large-scale facilities in Landau and H\u00f6chst at \u20ac690 million. To support financing for both projects, the federal government and the states of Rhineland-Palatinate and Hesse are contributing \u20ac103.6 million. <\/a>This funding is provided under the EU\u2019s \u201cTemporary Crisis and Transition Framework\u201d (TCTF) through the German programme for \u201cResilience and Sustainability of the Battery Cell Manufacturing Ecosystem.\u201d Moreover, the Landau facility was selected by the EU in March 2025 as one of 47 strategic projects<\/a> under the Critical Raw Materials Act.<\/p>\n\n\n\n Vulcan Energy must secure the remaining project financing by the end of the year, with future customers playing a major role. Just recently, the company announced its fourth customer, Glencore. Under an eight-year agreement with a Glencore subsidiary, Vulcan will supply between 36,000 and 44,000 tonnes of LHM.<\/p>\n\n\n\n To \u201cfinalise financing,\u201d Vulcan also amended its existing offtake agreements \u2013 specifically those with its three earlier customers: Umicore, LG Energy Solution, and Stellantis.<\/p>\n\n\n\n Following the revisions, LG Energy Solution will receive 31,000 tonnes of LHM over six years. Umicore will receive 23,000 tonnes over the same period. Stellantis is contractually secured to receive 128,000 tonnes of LHM over ten years. The original agreements had envisaged deliveries beginning in 2025. With construction now only expected to start soon, it is clear that deliveries will not commence as early as initially planned.<\/p>\n\n\n\n