European Metals prepares for carbon life cycle assessment at Cinovec

European Metals Holdings announced the engagement of UK-based sustainability and life cycle assessment consultancy Minviro on Thursday, to provide an ISO-compliant life cycle assessment, including a carbon footprint evaluation, of the Cinovec lithium and tin project in the Czech Republic.

The AIM-traded firm described the life cycle assessment as a “widely accepted and robust” numerical method used to quantify climate change and other environmental impacts for industrial processes, while identifying opportunities for impact reduction and process improvement.

It said the ISO-compliant and third-party reviewed assessment report was expected to be completed and provided to the company in the third quarter of 2021.

“As we transition towards climate neutrality and a more sustainable society, it is important to ensure this transition is done in a sustainable way by minimising the carbon footprint across the full battery value chain, from raw materials to finished batteries,” said executive chairman Keith Coughlan.

“European Metals has a unique competitive advantage based on minimizing the carbon footprint of the production of our battery-grade lithium products.

“We are looking forward to the results of the life cycle analysis as a testament to how a locally sourced sustainable battery grade material supply for the European battery industry will look.”

At 1147 BST, shares in European Metals Holdings were up 2.25% at 88.75p.