Arverne Group Announces a Framework Agreement between Lithium de France and Tenaris to Acquire Tubular Components, for Its Geothermal Heat and Lithium Project in Alsace
PAU, France–(BUSINESS WIRE)–Regulatory News:
Arverne Group (FR001400JWR8 – ARVEN), a French industrial company specialized in the production of renewable energy from underground resources to support the energy transition, announces that its subsidiary Lithium de France has signed a framework agreement for the acquisition of casing and tubing from Tenaris, leading manufacturer of tubular goods for the world’s energy industries.
Lithium de France has already placed an order for tubular components for the first well of its geothermal heat and lithium project. The equipment will be manufactured in Italy by Tenaris before being delivered to Alsace.
This agreement is another milestone in the preparation of the drilling campaign, to reach the production of 27,000 t/year of lithium (LC) in 2031. With the successful completion of the pre-feasibility study (PFS), Arverne Group has announced1 strategic technical decisions to produce lithium carbonate (LC), with an estimated production cost below €4,500/t, placing the project in the first quartile of the cost curve in terms of cash cost. Arverne Group confirms the launch of the definitive feasibility study (DFS) at the beginning of 2025.
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Arverne Group Announces a Framework Agreement between Lithium de France and Tenaris to Acquire Tubular Components, for Its Geothermal Heat and Lithium Project in Alsace, source
