| Project Detail |
Project concerns the design, construction and operation of an innovative, first-of-a-kind commercial size plant for Vanadium recovery and has a capacity of roughly 8 ktpa of vanadium pentoxide (V2O5). The Vanadium will be recovered by processing up to 300 ktpa of a steelmaking by-product (slags) that are at this point in time landfilled and hence the project will support circular economy.
Objectives
The objective is to recycle up to 300 thousand tonnes of steel slag per year, for an expected production of about 8 000 tonnes of V2O5. The high-grade vanadium steel slags to be recycled will be supplied by integrated steel plants in Finland and Sweden, hence not entailing upstream mining costs and associated operating risks as well as allowing to avoid landfilling of the slags in the future. The European Commission has identified vanadium as a "Critical Raw Material" (CRM)
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
not disclosed
Total cost (Approximate amount)
not disclosed |
