Tivan, CISRO ink 20-year global vanadium recovery pact

Tivan has secured a long-term partnership with Australia’s national science agency CSIRO to facilitate the development and commercialisation of the TIVAN+ critical minerals processing technology.

The partnership brings together the critical minerals processing intellectual property and expertise of both parties in an industry shaping collaboration of national significance.

The technology licence agreement (TLA) between the two will give Tivan an exclusive 20-year worldwide licence (except India) for use of CSIRO’s critical minerals processing intellectual property to recover vanadium, a material that TIVAN said will underpin its evolved TIVAN+ technology.

A parallel-executed research services agreement (RSA) will formalise the tech development collaboration, backing the TLA, and it will facilitate a TIVAN+ Pilot Plant project as a precursor to future full-scale commercialisation of the technology. Tivan’s longer-term vision is to establish a facility for the company’s Speewah Vanadium-Titanium-Iron project in northeast Western Australia.

Tivan’s said the pairing with CSIRO means:

  • The successful reshoring of a critical technology for Tivan in Australia, capturing many years of advanced research and development in a sector of strategic national interest;
  • A new alliance between industry and the scientific research sector, where a durable alignment of interests has been achieved;
  • An opportunity to contribute to the reshaping of the global vanadium industry for national benefit, including through the creation of diverse, resilient and sustainable supply chains with international partners;
  • An opportunity to capture downstream value-addition from resources in Australia, creating forward-facing employment and business opportunities, including in regional and Traditional Owner communities; and  
  • An opportunity to design and deploy a sovereign capability within Australia that furthers the development of a large-scale renewable energy value chain based on principles of sustainable circularity. 

“The technology is a vital piece in the puzzle in Australia’s renewable energy future and it will deliver long-term community benefit, boosting the economy and supporting more jobs and opportunities for Australians. This is important, innovative, inventive work, creating new sovereign capability that harnesses the critical technologies Australia needs to transition to net zero,” CSIRO chief Doug Hilton said.

Source: tivan.com.au

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