A GLOBAL FIRST PLANNED FOR VIETNAM: VANADIUM ENERGY STORAGE BATTERY MANUFACTURING COMPLEX

Project Background: VRB Energy aims to construct the first fully integrated Vanadium Commodity and Vanadium Redox Flow Battery (VRFB) energy storage manufacturing plant in Vietnam. The facility will have an annual throughput of 20,000 tonnes of vanadium-containing synthetic concentrate (spent catalyst), producing approximately 3,000 tonnes of vanadium pentoxide (V2O5) equivalent each year. The project supports a diversified range of final products including VRFBs and vanadium commodities, as part of a “commodity and battery" business. The primary focus of VRB Energy is the assembly and deployment of VRFBs for utility grid scale energy storage for renewable energy sources utilizing battery electrolyte recycled from petrochemical industry. Project stage: The Feasibility Study (FS) for the project was completed in December 2022. Currently, the project has secured land, organizing business and construction permits while developing EPCM tenders. Timeline: The overall duration of the project, from the completion of the FS until the end of commissioning, is estimated to be 24 months, with a project life of >20 years.