INDUSTRY NEWS LLC Vanadium aquisition
U.S. Vanadium Holding Company LLC acquires America’s sole high-purity Vanadium production facility from leading Russian steel producer
R
estart of Operations at the Arkansas-based facility will create new jobs and will allow
the U.S. to once again produce the highest-purity Vanadium Pentoxide made anywhere in the world U.S. Vanadium Holding Company
LLC (“US Vanadium”) today announced the closing of its acquisition from a leading Russian steel conglomerate of the only facility in the Americas that produces the world’s highest-purity vanadium pentoxide (“V2O5”). The facility, located in Hot Springs,
Arkansas, can produce V2O5 at the very high purity levels required by demanding applications such as maleic anhydride catalyst, bismuth vanadate pigments and vanadium redox flow batteries (“VRBs”). The facility also produces a suite
of downstream vanadium-based chemicals for customers in the catalyst, chemical, petrochemical, titanium, and energy storage industries. Information on U.S. Vanadium full product suite can be seen here:
https://usvanadium.com/ products From 2008 to 2018, production at the Hot Springs facility under the
previous owner declined from full capacity to very low levels. Over the past year, U.S. Vanadium has brought production back online through tolling contracts with the facility, and the new plant owner plans to restore the facility’s production operations to its full nameplate processing capacity of approximately 12 million lbs./year of V2O5. “We are very pleased to have
concluded this acquisition and to accelerate our plans to significantly ramp up production in Hot Springs of a variety of vanadium products, including the highest-purity vanadium pentoxide made anywhere in the world,” said Terry Perles, a U.S. Vanadium Director. “In addition to creating new jobs in Arkansas, the Hot Springs facility will return the U.S. to a position of global leadership in the production of this critical and strategic material.” “Vanadium is a major contributor
in the growing technology metals market, and we are excited to be expanding our involvement in the sector with this purchase,” said Brian Menell, Chairman and CEO of TechMet Limited. “We are very pleased to be supporting US Vanadium Holding LLC to stimulate the production of this strategic metal
in the U.S. We predict significant market growth over the coming years with growing demand from large-scale grid storage. We expect to see the Hot Springs facility growing both in terms of capacity and job opportunities to meet this demand.” Major investors in U.S. Vanadium
include Techmet Limited, Elysee Development Corp., The Lind Partners, and other long-time leaders in the vanadium industry. More information on U.S. Vanadium can be seen here. High-purity vanadium oxides and
chemicals are used in industries and applications such as the following: titanium alloys for aerospace, military and other applications; oxidation catalysts for the production of basic chemicals including sulfuric acid; petrochemicals including maleic
anhydride and phthalic anhydride; pollution control catalysts; pigments for high quality paints; and a variety of other industrial applications. High-purity V2O5 and vanadium
trioxide (“V2O3”) are used at Hot Springs to produce the purest vanadium electrolyte in the world for VRBs. VRB batteries are increasingly seen as the preferred technology for use in large-scale electrical grid energy storage, particularly as a means of supporting greater deployment of intermittent generation technologies such as solar and wind energy. The VRB battery technology has matured to the point where it can demonstrate lower lifetime costs and safer performance than lithium-ion batteries, particularly in long-duration storage applications.
T.D. Williamson appoints new vice presidents
T.D. Williamson (TDW), the global pipeline solutions provider, announced the appointment of Bill Rees as vice president, Western Hemisphere, and the promotion of Chuck Harris to vice president, marketing and product management. Rees had been vice president of
marketing and strategy execution. In his new position, he will assume portfolio-wide, end-to-
end accountability for the sales, service, manufacturing and supply chain organization of TDW. Rees joined TDW in 2012 and has been based in Tulsa for two years. Prior to that, he was a TDW regional leader in Europe. Rees has more than 20 years’ experience in the international pipeline industry. He earned both a bachelor’s degree in civil engineering and a master’s degree in urban planning from the
University of Manchester. Harris was senior director,
product management, integrated pigging and pipeline integrity solutions. He rose through the product development and management ranks since joining TDW as a technical representative in 2006. He will be responsible for providing strategic direction for the company’s pigging, advanced isolation and in-line inspection (ILI) businesses as
www.internationalmetaltube.com
well as marketing, corporate communications and media relations.
Harris is heavily involved in
industry organizations, including serving in leadership positions for the Interstate Natural Gas Association of America (INGAA) and the Pigging Products and Services Association (PPSA). He has a bachelor’s degree in business administration from LeTourneau University.
IMT October 2019 5
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32
