- Investment in the project is expected to reach c.US$228 million (€192 mln).
- The plant will process vanadium slag.
- The launch is scheduled for 2025.
- The plant will be located in the Uzlovaya special economic zone, Tula region, Russia.
Project Approval
EVRAZ has announced the approval of a new vanadium slag processing plant in the Uzlovaya special economic zone, located in Russia’s Tula region. The decision was made by the company's Board of Directors.
Strategic Objectives
The new plant aims to enhance cost efficiency by ensuring a fully controlled and coordinated processing chain from slag to the final product. This strategic move is expected to streamline operations and reduce costs.
Environmental Considerations
The plant will incorporate advanced technologies to minimize its environmental impact, aligning with EVRAZ’s environmental strategy for 2030. Measures include treating and reusing production wastewater, storm water, and sewage in a closed-loop water system.
Investment and Timeline
The total investment for the project is estimated at approximately US$228 million (€192 million). The plant is scheduled to be operational by 2025.
