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Stock impact report

BASF and Vulcan Partner to Explore Regional Geothermal Potential [Yahoo! Finance]

Carpenter Technology Corporation (CRS) 
Last carpenter technology corporation earnings: 4/30 08:00 am Check Earnings Report
US:NYSE Investor Relations: ir.cartech.com
Company Research Source: Yahoo! Finance
future base load power requirements. (Source: 'BASF SE BASFY and Vulcan recently signed a memorandum of understanding to explore the use of geothermal energy at the chemical company's Ludwigshafen facility.') The project has the potential to provide low-emission heating for households in the nearby urban areas of Frankenthal and Ludwigshafen, and also to generate sustainable lithium for the German and European battery and automotive industries. (Source: 'Vulcan intends to generate sustainable lithium for the German and European battery and automotive industries as part of the project... The geothermally heated water in the Upper Rhine Graben contains a high proportion of this light metal...') The initial exploratory work is anticipated to start in early 2025, with Vulcan conducting a seismic survey to explore geothermal conditions in a subregion of the Upper Rhine Graben. (Source: 'The next stage will be to conduct a seismic survey to explore geothermal conditions in a subregion o Show less Read more
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