https://newsletter.mw.creamermedia.com
Building|Construction|Design|Hatch|PROJECT|Operations
Building|Construction|Design|Hatch|PROJECT|Operations
building|construction|design|hatch|project|operations

Vanadium recovery project, Finland

Image of fine vanadium

2nd June 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Vanadium recovery project (VRP1).

Location
Tahkoluoto port, in Pori, Finland.

Project Owner/s
Neometals.

Project Description
VRP1 aims to produce high-purity carbon-negative vanadium pentoxide without building a mine and a concentrator like existing primary producers.

The March 2023 feasibility study proposes an operation with a 300 000 t/y feed rate, with yearly production estimated at 19.1-million pounds of vanadium pentoxide at steady state over a 9.75-year plant life.

The objective of the VRP1 is to design, build and operate a vanadium recovery facility capable of processing 300 000 t/y of metallurgical slag.

The process plant is designed to recover up to 9 255 t/y of vanadium pentoxide.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a net present value, at a 10% discount rate, of $323-million and an internal rate of return of 24.8%, with a payback of 5.7 years.

Capital Expenditure
Capital costs are estimated at $314.4-million.

Planned Start/End Date
A final investment decision is scheduled for June 2023, subject to finance, with construction planned to start in July, and operations in early 2026.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
Hatch (prefeasibility study); and Sweco Industry Oy ECS.

Contact Details for Project Information
Neometals, tel +61 8 9322 1182 or email info@neometals.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

 

Showroom

John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (14/03/2025)
14th March 2025 By: Martin Creamer
Magazine round up | 14 March 2025
Magazine round up | 14 March 2025
14th March 2025

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:0.104 0.237s - 128pq - 2rq
Subscribe Now