Vulcan Energy Resources
Vulcan Energy Resources, an innovative leader in the renewable energy sector, is headquartered in Australia and primarily operates in Europe. Founded in 2020, the company focuses on sustainable lithium extraction and geothermal energy production, positioning itself at the forefront of the transition to clean energy. Vulcan's unique approach combines lithium extraction from geothermal brine with zero-carbon processes, setting it apart in the industry. The company aims to supply the growing electric vehicle market with responsibly sourced lithium, contributing to a more sustainable future. With significant milestones, including partnerships with major automotive manufacturers, Vulcan Energy Resources is rapidly establishing itself as a key player in the global energy landscape, committed to reducing carbon emissions and promoting environmental stewardship.
DitchCarbon Score
How does Vulcan Energy Resources's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Transmission industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Vulcan Energy Resources's score of 0 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vulcan Energy Resources's reported carbon emissions
In 2021, Vulcan Energy Resources reported total carbon emissions of approximately 2,194,970 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 2,172,870 kg CO2e. This included 1,360,450 kg CO2e from capital goods and 669,450 kg CO2e from purchased goods and services. Scope 1 emissions were relatively low at 2,330 kg CO2e, while Scope 2 emissions totalled 71,770 kg CO2e. For 2022, Vulcan reported emissions data for its operations in Australia, revealing Scope 2 emissions of 1,760 kg CO2e and Scope 3 emissions of approximately 1,000,000 kg CO2e, with notable figures in capital goods (10,660 kg CO2e) and purchased goods and services (693,040 kg CO2e). However, no emissions data was disclosed for 2023. Vulcan Energy Resources has not set specific reduction targets or climate pledges, indicating a focus on operational improvements rather than formal commitments. The company is engaged in geothermal energy production, which is expected to contribute positively to its overall carbon footprint, with projections of negative emissions from its integrated renewable energy and lithium project. Overall, Vulcan Energy Resources is positioned within the renewable energy sector, aiming to leverage geothermal energy to mitigate its carbon emissions while continuing to assess its environmental impact.
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| 2021 | 2024 | |
|---|---|---|
| Scope 1 | 2,330 | - |
| Scope 2 | 71,770 | 00,000,000 |
| Scope 3 | 2,172,870 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Vulcan Energy Resources is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
