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The mining company Largo Vanádio will invest billions of reais in its new titanium factory in Bahia, which at full load will have the capacity to produce 120 thousand tons of the product per year
The mining company Largo Vanádio de Maracás will apply, from next year until 2032, several investments in Bahia, until reaching the value of R$ 3 billion. A large part of the capital will be devoted to the construction of a new factory producing titanium pigment, a material that is used in the chemical and construction sectors. The new factory, which will have approximately R$ 1,836 billion invested, will begin operations in Camaçari in 2024 and promises to generate 500 new job opportunities in the municipality.
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New titanium factory in Bahia will not impact the environment
According to the president of the mining company, Paulo Misk, the new factory in Bahia will recover titanium from vanadium waste, therefore, the environmental impacts at the mine in Maracás will not be increased.
Now, the mining company is finalizing the purchase of land in Camaçari. Subsequently, it will wait for the approval of the location by the government of Bahia to start construction of the new titanium factory, which will take place from next year. The phase will take about 24 months and titanium production will start in the first quarter of 2024. According to the president of Mineradora, the project will have three phases.
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The first, with an investment of BRL 491,6 million, will start operating in 2024, producing around 30 thousand tons. In the second phase, two years later, the unit's production in Bahia will be 60 thousand tons. And finally, when the new factory is at full load, in 2029, it will have the capacity to produce 120 thousand tons per year.
CBPM celebrates the mining company's investment
The announcement of new investments by the mining company was celebrated by Antonio Carlos Tramm, president of Companhia Bahia de Pesquisa Mineral (CBPM). According to the president, the company has always defended that mining has to verticalize its production and that the State needs to export products with more added value such as titanium. Tramm said that the mining company's decision is a great evolution in mentality and hopes that other companies follow the same path.
Bahia is one of the states that presents the most opportunities for new companies. Proof of this fact is Maracás Vanadium, considered one of the largest mining companies in the state and the only one to manufacture the homonymous substance in Brazil.
Group plans to reach 15,9 thousand tons per year
The mining company's investment plan for the next decade also provides for investments of R$ 1,173 billion in the expansion of vanadium for batteries. The goal is to reach a production of 15.9 thousand tons at the Maracás mine by 2030.
Vanadium is a product that improves the resistance of steel, making possible a more sustainable use of it. In addition, vanadium is also widely used in the aerospace industry.
The Maracás factory is one of the most up-to-date in ore processing in the world. The Vanadium Pentoxide manufactured there has a degree of purity greater than 99%. The percentage of ore recovery is 80%, which is considered the highest on the planet.
