Press Releases

Betolar is exploring the possibility of using slag that is purified from vanadium, which could replace more than 10% of the cement used in Finland

24.3.2022

Betolar Plc
Press Release
24.3.2022, 08:35 PM EET

Betolar is exploring the possibility of using slag that is purified from vanadium, which could replace more than 10% of the cement used in Finland

Betolar is investigating the utilization of slag from the steel industry in the production of cement-free concrete. Betolar does not produce concrete itself, but using the Geoprime solution developed by the company, concrete manufacturers could replace more than 10 percent of the cement used in Finland.

Betolar has signed a Letter of Intent with two Australian vanadium recovery companies, RISAB and Vanadium Recovery Project Ltd (VRP), to start a research collaboration to develop the process at the planned plant in Pori.

“We see a huge opportunity for Betolar here. If successful, we would be able to offer our customers a specific, currently unused slag of the steel industry to replace cement in concrete. Our customers already have experience in utilizing other type of slag in the production of Geoprime-concrete. Utilizing new side streams will expand the reach of our solution as planned,” says Matti Löppönen, CEO of Betolar.

Demand for vanadium is growing rapidly because vanadium electrolytes are used in, for example, lithium batteries for electric cars and batteries for wind and solar power plants. VRP and RISAB plan to start operating the world's first carbon-neutral vanadium recovery plant in Pori this year.

The planned plant will be an internationally significant producer of vanadium. Its estimated annual production of 9,000 tonnes equals about 5% of world vanadium production.

The raw material for vanadium used in Pori is slag from SSAB's steel mills in Raahe and Oxelösund and Luleå, Sweden. The slag is treated in VRP's vanadium recovery process, leaving about 300,000 tonnes per year. If the process proves feasible, the aim is for Betolar to have an exclusive right to the slag.

Utilizing slag purified from vanadium for the needs of Betolar's customers solves the side stream problem in a sustainable way. The steel industry will get rid of the slag and Betolar's customers will be assured of the availability of this slag as a raw material. The ecosystem creates a perfect circular economy solution.

Betolar has developed a low-carbon cement alternative utilizing industrial side streams. The Geoprime solution brings immediate reductions in CO2 emissions without significant changes in the manufacturing process. Betolar is developing a recipe-optimizing artificial intelligence and data platform that will bring together concrete manufacturers and side stream producers.

Betolar Plc
Communications

More information:

Matti Löppönen, CEO, Betolar Plc, tel. +358 50 306 6335, matti.lopponen@betolar.com
 

About Betolar Plc

Betolar Plc is a Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime® solution. The solution converts several previously unused high-volume industrial side streams into a substitute for cement.

Betolar's innovation can significantly reduce CO2 emissions at a competitive cost compared to conventional cement-based concrete manufacturing, leveraging the existing manufacturing processes. Betolar’s mission is to enable the green transformation of various industries globally, especially in the construction, process and energy industries by providing solutions to utilise its unique materials technology.

Betolar was founded in 2016 and is headquartered in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. https://www.betolar.com/