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Rarely do I listen to an interview from start to finish without skipping a little
but this is well worth it..recommended!
Having watched the interview when it originally came out last November I remember the feeling of just how good and informative it was. Having just watched it again and picked up even more info than the first time, it really is a must watch.
Alfa I am not surprised and I agree. It's a classic. I use the transcript all the time to reference where BMN are going.
Needs to be watched several times to even begin to absorb the detail in it.
Pdub - that Crux interview is one of their most watched (>12,000 views) and I think in time will be considered a classic.
Anyone who wishes to see what confidence looks like needs to watch it
https://m.youtube.com/watch?v=p3QUjIL1rJQ&feature=youtu.be#
Cheers, Pdub. I'll watch the interview.
As there is a discussion about electrolyte manufacture I though I would post some relenant point from the very long but excellent interview with FM and MN.
From 11.11.19 interview
“We like the fact that we have two processing plants and we have a fairly good product mix which is broad which comprises Nitrovan and Ferrovanadium which is used in steel making, vanadium pentoxide and trioxide as well as vanadium chemicals and following the completion of our electrolyte manufacturing plant in East London will also include the vanadium electrolyte.”
And:
“In terms of what BE does itself, think of it as three verticals, one is around electrolyte that is a specific type of vanadium chemical, it’s the piece that stores energy within the batteries. We are building a facility in East London. We are doing it together with the IDC, we’ve got our environmental approvals clearance in September, we just went out to tender for the construction of the facility there."
And:
“The capital that we need to deploy to unlock this opportunity relative to what we would spend building a mine, building a processing plant, it's small. Our electrolyte plant will cost us $10 million. What will it produce? 200 MWh of electrolyte and if scaled up to 4 x that and if at 200 MWh it is using about 1100 mtV. If you wanted to build a mine and a processing plant that produces that amount of vanadium for the steel sector you are talking about more than 10 times that amount of money. So the capital intensity is low.”
I think that gives a clear picture of where electrolyte will be manufactured. I believe in the meantime BMN vanadium etc would be process by third party into electrolyte, but that is only my opinion.
As it is the weekend I though it might be an idea to repost a link to this 11.11.2019 CRUX Interview with Fortune and Mikhail. It is quite long but in my opinion is one of their best interviews in terms of BMNs strategic thinking. Even if you have heard it before, listen again ... it packed with detail.
https://m.youtube.com/watch?v=p3QUjIL1rJQ&feature=youtu.be#
Page 29 or the latest presentation on the Companies website is helpful.
Enrico, my understanding was that Vanchem has the ability to produce laboratory quantities of electrolyte. If that site has been extended, or is the intention, to enable industrial size production surely that would have to be subject to RNS?
Thanks. The RNS says this:
"Provides further capacity for electrolyte manufacturing through the existing chemical plant and vanadium oxide production."
I'm not sure how to interpret 'further' in this context. Does it mean "we already have some capacity, Vanchem extends it"?
This is the only relevant bit about Vanchem I've found on the website:
"Enhancing the company’s ambitions in the global energy storage and VRFB space by leveraging Vanchem’s existing chemical plant and high purity oxide production capacity in the manufacture of vanadium electrolyte."
It sounds like electrolyte production could be achieved at Vanchem in the future but it isn't happening yet. That's my interpretation, anyway. Maybe we're in for a big surprise soon?
See rns dated 23rd October electrolyte is/can be made at Vanchem