QLD Government announces $10m Vanadium processing plant
The Queensland treasurer today announced a new vanadium processing plant in Townsville. Queensland Treasurer, Cameron Dick said “Demand for vanadium is growing exponentially, a metal that will be used in cutting-edge flow batteries to store renewable energy”. We’re building a vanadium processing plant in Townsville to support the next generation of miners across North Queensland, creating new industry and QLD jobs”.
Wattlestone investment, Vecco group is one of four founding members of the Queensland Vanadium Consortium users of the new facility which will fast track the development of this critical emerging industry for Queensland. The Queensland government’s investment in Vanadium further shows the significant demand behind the Vanadium flow batteries and the importance of this critical mineral for the renewables and de-carbonisation.
Vecco Group’s Managing Director, Tom Northcott said the investment by the Queensland Government in the vanadium sector further supports the transition to renewables and significant demand for Vanadium batteries as the global effort to decarbonise accelerates”.
The Debella Vanadium and HPA Mine is an important part of an integrated supply chain supporting a new vanadium battery electrolyte manufacturing facility in Queensland and vanadium for export to our proposed international battery facilities in the USA and Europe.”