Australian government issues grants to support vanadium and lithium battery materials processing
The date of：
2021-07-23
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Australia’s federal government has committed millions of dollars in grants to companies involved in lithium battery and vanadium redox flow battery value chains, as part of a wider pledge to support resources and critical minerals sectors in the country.Eight recipients of funding from the Modern Manufacturing Initiative, were announced today. Among them are Australian Vanadium, a Western Australia-headquartered company seeking to created a vertically-integrated vanadium redox flow battery energy storage business. Australian Vanadium will receive AU$3.9 million to fast-track its manufacturing capabilities.Core Lithium, a company based in the Northern Territory will get AU$6 million towards the building of a battery-grade lithium hydroxide production pilot plant in Darwin Harbour. The Australian Stock Exchange-listed company is preparing to start construction of its Finniss Lithium Project this year, to begin exports in 2022 from a site which it said has around 9.63 million tonnes of 1.4% lithium oxide that could be accessed.Australia’s government has been strongly criticised for not committing to a legally binding target for achieving carbon neutrality in the way that many of its international peers have already done. Minister for Industry, Science and Technology Christian Porter spoke of the importance of establishing a presence for Australia as a “crucial leader” in the modern resources, manufacturing and technology sectors involved, in a press release which did not mention climate change, decarbonisation or clean energy specifically.The grants were made as matched funding in line with the aims of the Australian government’s Resources Technology and Critical Minerals Processing National Manufacturing Priority, which focuses on support for domestic manufacturing.Other recipients of grants are:Brisbane METS Lab No.1, which will get AU$1.2 million support for a vanadium processing pilot plantElphinstone, which is getting AU$5.1 million to develop battery-powered vehicles that can be used to support underground mining operationsBatt Mobile Equipment (AU$4.5 million) which is also working on heavy duty electric vehicles for mining applicationsAlbemarle Lithium (AU$4.9 million) which is working to recycle lithium refinery residue to be used in the construction industryFlip Screen Australia (AU$10 million) which wants to build advanced mining equipmentLynas Rare Earths, which is the biggest single grant recipient (AU$14.8 million). Lynas Rare Earths is developing a rare earth ore refinery for products that can be used in permanent magnet and electric vehicle production
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