Products

TNG Limited

Vanadium Pentoxide – V2O5

Overview

  • Mined in China, Russia, South Africa and Brazil
  • Over 90% is used in the steel industry
  • Strengthening agent, high tensile steel
  • Recent regulations in China – surge in demand
  • Global demand is estimated to be 160,000tpa V2O5
  • Vanadium used in energy storage sector
  • Vanadium redox flow batteries

TNG Production and Offtake

  • TNG’s production of an average of 6,000 tpa of V2O5
  • Represent 3.8% of the world’s demand
  • Very high purity V2O5
  • Niche markets such as Vanadium Redox Flow Batteries
  • Off-take Agreement with Woojin (Korea) for a minimum of 60% of TNG’s production
  • Woojin is the second largest Ferro-Vanadium exporter in Asia

Vanadium Redox Flow Batteries – VRFB

The Future of Energy Storage
Advantages of VRFB compared to Li-Ion batteries
  • Better for large scale storage and for long-duration applications (>6 h)
  • More cost effective
  • Longer life cycle – 20 yrs vs 5-8 yrs (LIB)
  • Lower degradation
  • Simpler maintenance, safer

Substantial Storage Market

Dominated by V-Flow and Li-Ion
US$50-100 Billion by 2025*

TNG has successfully produced high purity, commercial-grade, Vanadium Electrolyte

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