Vulcan Energy Resources
Assembly Line
AVEVA announces two new strategic partnerships at its biggest ever AVEVA World Conference
During the AVEVA World 2024 press conference, AVEVA‘s CEO, Caspar Herzberg, announced new strategic partnerships with Vulcan Energy Resources (VER) and Oxford Quantum Circuits (OQC).
VER aims at decarbonising lithium production by developing the world’s first dual lithium chemicals and renewable energy business with net zero greenhouse gas emissions. CONNECT, will be used to enhance collaboration and foster digital agility across the different project phases and industrial assets. VER will gain access to a comprehensive suite of software solutions tailored to Phase One and future phases. Core components, such as AVEVA’s Contract Risk Management (CRM) and AVEVA Asset Information Management (AIM), as well as AVEVA’s cutting-edge digital twin and Assai’s Document Control and Management system, will enable secure data sharing among multiple stakeholders including contractors.
AVEVA’s new partnership with Oxford Quantum Circuits (OQC) seeks to develop an application of quantum computing in the industrial sector. While still in its infancy, quantum computing is expected to help customers save time and money, as well as reducing power consumption. By partnering with OQC, AVEVA is bringing the power and capability of quantum compute to its customers, enabling them to unlock its potential to solve new and previously thought impossible problems. Quantum compute is anticipated to deliver an exponential speed-up over classical techniques, as well as generate cost and power consumption reductions: including AI large language models and big data.
Notorious DLE: The lithium extraction technologies gunning for the crown
Instead of concentrating lithium by evaporating brine in large pools, DLE technologies aim to extract about 90% or more lithium through different methods, the most common of these being sorption (also known as adsorption), ion exchange, and solvent extraction. But investors still have a lot to learn when it comes to DLE, with the term commonly used to capture technologies that are still in the R&D phase.
“The lithium market is still really small, we’re up to 1 million tonnes of global lithium production, and it takes longer to build these projects than it does a hard rock mine. But a lot more are being built so there will be an exponential rise in the production from these projects in years to come.”