Recently, CNCEC-TCC and Advanced Circular Materials Company (ACMC) held the signing ceremony for the EPC contract of the Mega Complex Phase I Project (Vanadium to Vanadium Oxide).
Upon completion, the project will significantly enhance the added value of local raw materials in Saudi Arabia, facilitate the efficient conversion of petroleum refining waste into high-value vanadium products, and effectively address the challenge of waste disposal, delivering substantial economic, ecological, and social benefits. In subsequent phases, the project will expand into vanadium battery production, with products widely applicable to large-scale energy storage infrastructure. This will provide important support for Saudi Arabia in building a clean energy storage system, optimizing its energy structure, and unlocking new growth momentum for the new energy industry.
