TNG Limited, a mineral processing technology company, has received export finance funding for its Mount Peake vanadium-titanium-iron project in the Northern Territory.
Vanadium is used to strengthen steel and as electrolyte in the emerging technology of vanadium redox flow battery energy storage, while titanium is a high strength, light weight metal used in aerospace and space industries and as a pigment.
The project utilises the HySustain technology developed by AGV to produce green hydrogen using the electrolysis of demineralised water and 100 per cent renewable energy.
The company received a conditional letter of support for up to $300 million in debt funding from Export Finance Australia.
The funding will underpin financing of the project, one of 15 projects recognised under the federal government’s critical minerals priority roadmap.
Tags: Export Finance Australia, Hydrogen, HySustain, TNG
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