EVRAZ Approves Construction of Vanadium Plant in Russia
Russian steel maker EVRAZ Board of Directors has approved the construction of a new vanadium slag processing plant at the Uzlovaya special economic zone, in Russia’s Tula region. The strategic aims of the new unit are to increase cost efficiency in fully controlled and coordinated at all stages processing chain from slag to final product. The plant will be built using the best technologies available to reduce its environmental impact. For example, the plan is that production wastewater, storm water and sewage will be treated and reused in the unit’s closed-loop water system.
Overall investment in the project is expected to reach USD 228 million. The launch of the plant is currently scheduled for 2025.