On March 23rd, Neixiang County in Nanyang City signed a contract with Dalian Rongke Group and Beijing Jinyang Group to cooperate on the vanadium energy storage industry full chain integration project.
The fully integrated project of mineral resource development, vanadium extraction and smelting, and battery energy storage equipment manufacturing signed this time will be constructed in two phases. The first phase will invest about 1 billion yuan to build a high-purity vanadium production line, which can achieve an annual output value of about 2 billion yuan and a profit and tax of 200 million yuan; The second phase investment is about 2 billion yuan, which will build a vanadium energy storage battery equipment manufacturing production line. It can achieve an annual output value of about 6 billion yuan and a profit and tax of about 600 million yuan. After the project is completed, it can achieve an annual output value of 8 billion yuan, a profit and tax of 800 million yuan, and provide more than 800 job opportunities. It will become a comprehensive base for the entire vanadium flow battery industry chain based in the Central Plains and radiating throughout the country.
It is understood that Dalian Rongke Energy Storage Group Co., Ltd. is currently the only enterprise in the world that can provide high-quality vanadium electrolytes in large quantities, with an international market share of over 80%; Beijing Jinyang Group has a nationally leading vanadium ore extraction process, and the three parties agree to fully rely on the advantages of vanadium resources in Neixiang County to cooperate in the construction of full chain integrated projects such as mineral resource development, vanadium extraction and smelting, and battery energy storage equipment manufacturing in Neixiang.
