U.S. Vanadium Holding Company LLC (US Vanadium) purchased a facility in the Americas that produces high-purity vanadium pentoxide (V2O5) from Evraz Stratcor, the US subsidiary of Evraz owned by Russian billionaire Roman Abramovich.
The facility, in Hot Springs, Arkansas, can produce V2O5 at high purity levels required by vanadium redox flow batteries.
High-purity V2O5 and vanadium trioxide (V2O3) are used at Hot Springs to produce the purest vanadium electrolyte for flow batteries.
US Vanadium plans to restore the facility’s production operations to its full nameplate processing capacity of around 12 million lbs/year of V2O5.
“We are very pleased to have concluded this acquisition and to accelerate our plans to significantly ramp up production in Hot Springs of a variety of vanadium products, including the highest-purity vanadium pentoxide made anywhere in the world,” said Terry Perles, a US Vanadium director.
Major investors in US Vanadium include Techmet Limited, Elysee Development Corp., The Lind Partners, and other long-time leaders in the vanadium industry.
