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Environmental and Energy Consumption Footprint of Vanadiumcorp-Electrochem Process Technology
Environmental and Energy Consumption Footprint of Vanadiumcorp-Electrochem Process Technol...
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":"\n\n\n\nEnvironmental and Energy Consumption Footprint of Vanadiumcorp-Electrochem Process Technology\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 23, 2017\n\n\n\nVANCOUVER, Nov. 23, 2017 /CNW/ - \n\n\n\nVanadiumCorp Resource Inc. (TSX-V: \"VRB\") (the \"Company\") is pleased to announce that it is publishing the results of Environmental Footprint and Energy Consumption Analysis and Comparison of The Vanadiumcorp-Electrochem jointly owned patent pending technology in addressing the recovery of vanadium from vanadiferous feedstocks. Furthermore, VanadiumCorp-Electrochem Process Technology combined with Electrochem Technologies & Materials Inc. (\"Electrochem\") patented iron electrowinning process focuses on the recovery and monetization of the iron metal values representing up to 65% of the feed in the particular case of titanomagnetite (VTM, magnetite) of various origins and in lesser extent the titania and silica values. \n\nAdriaan Bakker, CEO of VanadiumCorp states, \"85% of vanadium is derived from very few magnetite resources in the world with limited recovery, high cost and a large carbon foot print. Conversely, the new carbon free, high efficiency approach from VanadiumCorp-Electrochem represents maximum transformation of all value add products and vanadium electrolyte direct from ground source.  The current mandate continues to assess global licensing opportunities representing potential cash flow and accelerated validation ahead of further patent and resource developments. \n\nAccording to the World Steel Association in 2016, the worldwide steel production currently totals about 1.6 billion tonnes per year. The prevailing Blast furnace process produces pig iron from iron ore using carbon as reductant; the process releases carbon dioxide to the atmosphere. Production of a tonne of steel generates 1.8 tonnes of CO2 emissions, according to steel industry figures, accounting for as much as 5 percent of the world's total greenhouse-gas emissions. The industry has met little success in its search for carbon-free met...