Tangshan Xinrong to build 20 bln yuan titanium and vanadium materials project
2024-06-21 15:57:47 [Print]
Tangshan Xinrong Technology Co., Ltd. has reached an agreement with the government of Naiman, a banner in Inner Mongolia, to build a 120,000tpa titanium metal and 2.5GW vanadium flow battery project, with a total investment of 20 billion yuan (274 million US dollars).
The project, with a planned land area of around 2,000Mu (133 hectares), consists of three phases. Phase one of the project will produce 120,000tpa of titanium metal and 20,000tpa of high-purity vanadium. The second phase includes a 2.5WGH vanadium flow battery production line, a 120,000tpa titanium sheet production line and a 750,000tpa pig iron production line. The third phase will complete the construction of the remaining capacity for titanium refining, sheet rolling and vanadium battery packs.
Construction of the project is scheduled to start in August 2024, with commercial production expected to begin in December 2029. When fully operational, the project would achieve an annual sales revenue of RMB26 billion (USD3.58 billion) and tax revenue of RMB750 million (USD103 million), and it will help create nearly 1,000 jobs.
The project, with a planned land area of around 2,000Mu (133 hectares), consists of three phases. Phase one of the project will produce 120,000tpa of titanium metal and 20,000tpa of high-purity vanadium. The second phase includes a 2.5WGH vanadium flow battery production line, a 120,000tpa titanium sheet production line and a 750,000tpa pig iron production line. The third phase will complete the construction of the remaining capacity for titanium refining, sheet rolling and vanadium battery packs.
Construction of the project is scheduled to start in August 2024, with commercial production expected to begin in December 2029. When fully operational, the project would achieve an annual sales revenue of RMB26 billion (USD3.58 billion) and tax revenue of RMB750 million (USD103 million), and it will help create nearly 1,000 jobs.
Vanadium Nitride N 14%min EXW China
Unit:RMB/mt
China vanadium nitride producers' inventory to production ratio statistics by province by month
Unit: %
