Industrial slag refined into high value end-products.
EU considers vanadium a critical metal for strategic energy technologies. Europe is totally import dependent for vanadium.
The plant will offer over 150 permanent jobs when in full production.
Ferrovanadium is used in the steel industry for high-strength steels
Vanadium steel is extremely strong and light, therefore it is used especially in the construction industry, aeroplane structures and tools. Vanadium is also used as catalyst in chemical industry. New energy storage solutions drive the increasing demand for vanadium.
Vanadium Redox Flow Battery
The main problem with current alternative energy production (wind and solar) is the lack of storage capability required for off-peak usage. Vanadium is the future metal in batteries due to its low self-discharge, long lifespan and ability to provide grid-level electricity storage.
Main option holders
+358 44 4887 200
+358 400 696 902
Ferrovan Oy | Asemakatu 37B, FI-90100 Oulu, Finland | www.ferrovan.com