https://www.engineeringnews.co.za
Construction|Energy|Mining|Steel|Storage|System|Water|Products|Environmental
Construction|Energy|Mining|Steel|Storage|System|Water|Products|Environmental
construction|energy|mining|steel|storage|system|water|products|environmental

Evraz to build $228m vanadium plant

5th August 2021

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Vertically integrated steel and mining company Evraz on Thursday announced that it would invest $228-million in the construction of a new vanadium slag processing plant in Russia.

The plant, to be located at the Uzlovaya Special Economic Zone in the Tula region, would be launched in 2025, the company stated.

"The development of vanadium production in the Tula region will create new jobs, decrease processing costs and strengthen the existing constructive dialogue between Evraz and the region's government,” said CEO Alexander Frolov.

The plant would be built using the best technologies available to reduce its environmental impact. For example, the plan is that production wastewater, stormwater and sewage would be treated and reused in the unit's closed-loop water system.

Evraz, which on Thursday also reported first-half results, stated that global vanadium demand rose by 16% year-on-year in the first half of 2021, on the back of a strong recovery in steel output. Demand in China alone increased by 20%, driven by higher rebar production and growing demand for vanadium-based energy storage.

The group’s consolidated revenue climbed by 24% year-on-year to $6.18-billion, driven by higher sales prices for construction and semi-finished products, as well as greater prices and volumes for vanadium products.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.086 0.14s - 162pq - 2rq
Subscribe Now