📉 Nikkei is down nearly 5% -> here are 43 recession-proof Japanese stocks from our screenerUnlock Now

Australian Vanadium’s electrolyte manufacturing facility now under construction

Published 14/08/2023, 10:59 am
© Reuters.  Australian Vanadium’s electrolyte manufacturing facility now under construction

The construction of an electrolyte manufacturing facility for Australian Vanadium Ltd (ASX:AVL, OTCQB:ATVVF) in Western Australia is underway following the appointment of an engineering group to construct the facility and with most long lead items now received.

Australian Vanadium has confirmed that it signed an engineering, procurement and construction contract with Primero Group for the construction of the facility.

The company aims to produce vanadium electrolyte for commercial use in vanadium flow batteries at the facility by November 2023 and is now working on securing offtake agreements for the produced product.

The electrolyte manufacturing facility has been designed to produce up to 33MWh per year of vanadium flow battery high-purity electrolyte.

Equipment for vanadium electrolyte production - bag unit.

A perfect fit

Experienced operations professional Simon Rough has been appointed to manage the facility through construction and into production. Rough has 20 years of processing and operational experience and has safely led high-performing teams in hydro and pyrometallurgical operations, vanadium processing and sulphuric acid production.

Management says Rough’s extensive experience in vanadium processing and sulphuric acid production makes him a perfect fit to lead the team to the successful production of high-quality electrolyte.

Australian Vanadium CEO Graham Arvidson said: “We are pleased to have welcomed Simon onboard to manage the facility and work with the existing team, utilising in-house electrolyte knowledge and relationships that have been built with companies such as [US Vanadium LLC] and [vanadium flow battery] manufacturers.

"The implementation of the electrolyte plant provides an ideal opportunity for AVL to put into practice, test and further mature its systems, processes and management systems that will ultimately underpin the larger Australian Vanadium Project.”

Australian Vanadium holds the exclusive licence of US Vanadium LLC’s process technology for manufacturing vanadium electrolyte for Australia and New Zealand. This technology has been used for the design of the vanadium electrolyte manufacturing facility now being built in Perth.

Vanadium oxide feedstock for the electrolyte facility will be sourced through the company’s agreement with US Vanadium LLC and third-party sources, until production of vanadium oxides from AVL’s Midwest Processing Hub commences.

The company was awarded a $3.69 million Federal Government grant in 2021, part of which was allocated to building and operating a commercial vanadium electrolyte manufacturing facility in Western Australia, to support the commercialisation of vanadium flow batteries.

- by Meagan Evans.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.