RE: Mistral6 Jul 2024 09:13
a great write up bbn, very informative.
at the bottom of page 1/2 you write the following.
this is very interesting. could this be the saudis who already have an interest in vanadium and vrfbs with recoveries from ash? again this is something that invinity has touched upon before. vanadium recovery from secondary sources.
invinity hopes that in the future its batteries will use vanadium extracted from petrochemical waste streams, which often contain a high percentage of the element.
i don't see how vanadium can be extracted without mining which would be necessary for ies to secure a reliable vanadium supply stream.
as i understand it if vanadium could be extracted economically from fly ash it would already be done.
only venezuelan oil has enough vanadium in it to really make sense trying to extract it from the ash that is left after it is burnt. remember we are trying to stop burning oil and were we to use this method this would become questionable whether we could be described a 'green' energy storage battery producer.
although the recovery of vanadium from fly ash is just one option for future vanadium supply. others include extracting it from **** produced from smelting processes or from mine tailings or even from spent catalysts used in industrial processes however i firmly believe none of these supply chains will be able to replace traditional mining and supply methods.
essentially, i don’t think vanadium production is necessarily directly wedded to oil production in the future.
the line 'we can get vanadium from petrochemical waste' is a useful marketing one but not an economically practical one in my humble opinion, it allows them to give the impression that batteries need not require mines which i believe is incorrect.
bbn may i politely have your thoughts on the above.
ies have a great future and in my opinion a great investment at these levels
as always dyor
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