The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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well clearly Alfa. I know the Chinese have a long record of welching on trade deals, but I would have thought some level of agreement protection backed by the national governments would be reached.
Just consider the Capex required to build and commission a 50K MTV+ plant and then a year later a new energy breakthrough occurs. Large debt and liability and diminished places to sell. Alternatively, circa 10K+ core production feeding sell will always be required.
We will see what FM has in mind, but since he offloaded Afritin for a pittance as it was a distraction, has BMN really got the capacity to build on such a large scale ? There is chasing maximum return vs a decent return with much reduced long term risk.
As I said, may well be talking absolute tosh ..... I shall retire to 'Church' and watch the F1, then Pests vs Sinners
re your last point - what the Chinese don't have is the Vanadium to start off with, so it would be foolish to hand the opportunity straight to them to allow them to undercut us. Fortune is smarter than that.
Begs the question where both all the ore will come from and more particularly where it will (or indeed can) be processed into pure vanadium ?
I had the notion a while back that Mokopane was a key to this, with a level of crushing and some concentration then shipped to China for final processing. The really big plant expense is the final purification surely. Get the Chinese to pay for the crushing and concentration plant, then fee per tonne of ore..... I cannot see how (or indeed why) Bushveld could build a plant capable of 50MTV short of 3 years and $0.5B+ capex.... and why take the risk or liability.
Just wild musing so may well be total tosh...
Electrolyte production is not really a problem - its a box factory so just build more and bigger - The chinese could probably build one 50 times the capacity of East London in 6 months if they really wanted to
Not all the projects on the list are confirmed, so I'm leaving it on there so it's on the radar.
Updated list.
Major VRFB projects (based on 4.5 tonnes of V per MWh)
1,000 MWh------- China - Jiangsu nuclear power station (4,500 tonnes)
1,000 MWh------- China - Jiangsu offshore wind integration (4,500 tonnes)
---800 MWh------ China - Shijiazhuang (3,600 tonnes)
---800 MWh------ China - Dalian (3,600 tonnes in 2 stages)
---640 MWh------ South Africa - Eskom BESS phase 2 (2,880 tonnes max)
---500 MWh------ China - Hubei Zaoyang Ph 2 (VRB Energy) (2,250 tonnes)
---400 MWh------ China - Yancheng (Shanghai Electric Group) (1,800 tonnes)
---400 MWh------ China - Wuhan (1,800 tonnes)
---332 MWh------ S. Africa - Eskom BESS phase 1 package 2 (1,494 tonnes)
---320 MWh------ S. Africa - Eskom BESS phase 1 package 1 (1,440 tonnes)
---200 MWh------ Australia - Port Augusta (CellCube) (900 tonnes)
---165 MWh------ S. Africa - Eskom BESS phase 1 package 3 (743 tonnes)
-----51 MWh------Japan - Hokkaido (Sumitomo Electric) (230 tonnes)
-----40 MWh------ China - Wafangdian Zhenhai Wind Farm (180 tonnes)
One off total of 29,916 tonnes of vanadium
--------------------------------------------------------------------------------------
Electrolyte production (based on 4.5 tonnes of V per MWh)
2mt electrolyte- China - Fangchenggang (250,000 tonnes per year)
--------?------------ China - Ningde, Fujian (30,000 tonnes per year)
3,000 MWh pa -- Saudi Arabia, Dammam (13,500 tonnes per year)
---200 MWh pa - South Africa - Bushveld Energy Phase 1 (900 tonnes pa)
---200 MWh pa - USA - New York (Margaret Lake) ph 1 (900 tonnes pa)
Total of 295,300 tonnes of vanadium per annum
mogwhy - I think we should perhaps keep that one off the list for now then - it's only a claim made by Mastermines' David Gillam and is not confirmed anywhere else so far.
On the positive side I think that you can replace this 800MWh with another 1000MWh project in Jiangsu province. This time running flexibility for and paired with the Tianwan Nuclear power station - this was reported at last year's International Flow Battery Forum.
Newspapers are now taking an interest in what is happening in this space. I can say no more.
https://tinyurl.com/ycksbl3y
That's the only info I've got on the Shijiazhuang project.
Can someone remind me of the Shijiazhuang project details.
On the subject of the Shanghai Electric Yancheng project this is apparently in the Tinghu district which is hugely built up - I just had a look on there and on a single screen on google maps I have been able to count something like 10 football stadia, each with an athletics track
,000 MWh------- China - Jiangsu (4,500 tonnes)
---800 MWh------ China - Shijiazhuang (3,600 tonnes)
---800 MWh------ China - Dalian (3,600 tonnes in 2 stages)
---640 MWh------ South Africa - Eskom BESS phase 2 (2,880 tonnes max)
---500 MWh------ China - Hubei Zaoyang Ph 2 (VRB Energy) (2,250 tonnes)
---400 MWh------ China - Yancheng (Shanghai Electric Group) (1,800 tonnes)
---400 MWh------ China - Wuhan (1,800 tonnes)
---332 MWh------ S. Africa - Eskom BESS phase 1 package 2 (1,494 tonnes)
---320 MWh------ S. Africa - Eskom BESS phase 1 package 1 (1,440 tonnes)
---200 MWh------ Australia - Port Augusta (CellCube) (900 tonnes)
---165 MWh------ S. Africa - Eskom BESS phase 1 package 3 (743 tonnes)
-----51 MWh------Japan - Hokkaido (Sumitomo Electric) (230 tonnes)
-----40 MWh------ China - Wafangdian Zhenhai Wind Farm (180 tonnes)
Think thats the latest list published by Mogwhy
mogwhy - I seem to recall that you had a VRFB's / Vanadium demand list that you had curated - was the Shanghai Electric 400 MWh on there or is this new to you also ?
Muskmouth !! Love it
gambit - no 400MWh is the same size as the first half of Dalian, but you're right it is still a lot bigger than the 129 MWh Muskmouth battery
I thought that Shanghai was a new one!!! So is itvtwice as big as Dalian ? and 10 times bigger than anything loudmouth Musk has built!!
Yep - there's a couple of really interesting nuggets in that Interview
1) The Schmid/Saudi Aramco VRFB production plant in Saudi Arabia is quoted as having a capacity of 3GWh - that would lead to an additional worldwide demand of 12,000-13,000 tonnes of Vanadium
2) Shanghai Electric announced a 400 MWh battery in China. This is a new battery that would appear to be in addition to the following that I was able to confirm from last years International Flow Battery Forum meeting :-
Dalian 200MW/ 800MWh
Jiangsu Province 2x 200MW/ 1000MWh
Qinghai 2MW/10MWh
Hubei 10MW/40 MWh + 100MW/ 500MWh
Another interview.
https://www.proactiveinvestors.co.uk/companies/news/926716/bushveld-energy-as-part-of-a-consortium-of-investors--increases-investment-in-enerox-holdings-926716.html