The vanadium-titanium new material and energy storage battery integration project with a total investment of 20 billion yuan was launched in Naiman Banner, Tongliao City
Date: 18 Jun 2024 |
Source: Polaris Energy Storage Network News, 18 June 2024
On 17 June, the Naiman Banner People's Government released information about signing the vanadium-titanium new materials and energy storage battery integration project.
It is understood that the project will be constructed by Tangshan Xinrong Technology Co., Ltd., located in an industrial park with a planned land area of about 2000 acres. It will be constructed in three phases: the first phase will build an annual production of 120000 tons of titanium and 20000 tons of high-purity vanadium, as well as supporting public and auxiliary facilities; The second phase will build a 2.5GWh vanadium flow battery project, a 120000 ton titanium sheet project, and a 750000 ton pig iron manufacturing project; The third phase will complete the construction of remaining titanium metal refining, plate rolling, and complete sets of vanadium batteries. The plan is to start construction in August 2024 and complete and put it into operation by December 2029. After reaching production, it is expected to achieve an annual sales revenue of 26 billion yuan, taxes of 750 million yuan, and provide employment opportunities for 1000 people.