China Nuclear Titanium dioxide plans to raise an additional 7.091 billion yuan to consolidate the main industry and promote green recycling production

On the evening of May 24th, China Nuclear Titanium dioxide announced that it intends to issue no more than 616 million shares and raise no more than 7.091 billion yuan (including capital). After deducting the issuance expenses, all the net funds raised will be invested in the recycling titanium dioxide deep processing project, the water-soluble monoammonium phosphate (water-soluble fertilizer) resource recycling project, the annual production of 500000 tons of iron phosphate project and supplementary working capital.

At present, the main business of medium nuclear titanium dioxide is the production and sales of sulfuric acid titanium dioxide. In the process of producing crude titanium dioxide, the company will produce a large number of waste sulfuric acid, acid wastewater, ferrous sulfate and other by-products, which has a high disposal cost every year. In order to build a sustainable and high-quality development model, the company is building a unique "sulfur-phosphorus-iron-titanium-lithium" coupled circular economy industrial chain around the concept of "vertical promotion and horizontal circulation". This investment project is an important part of the ring economic industrial chain. After the completion of the project, it can not only fully absorb the by-products in the production process of titanium dioxide, but also make full use of the rich coal and electricity resources in Baiyin area to digest the waste by-products of other chemical enterprises in the park on the spot, while creating economic benefits of the enterprises. fully release the green efficiency adapted to the ecological environment, and construct the layout of the company's green recycling industry.

The company is the first enterprise to introduce a full set of rutile titanium dioxide production technology from abroad. After decades of continuous development and growth, it has formed an annual production capacity of 330000 tons of crude products and nearly 400000 tons of finished products, making it the second largest titanium dioxide manufacturer in the country. In recent years, the company has always adhered to the concept of "steady operation and seeking development", and continues to expand and strengthen its main products by means of equipment technical renovation and new production capacity. at the same time, in order to comply with the pattern of economic development in the new era, the company actively pursues business transformation and upgrading and explores new paths for high-quality development. This investment project is an important measure for the company to innovate and create a new green circular economy development model for the titanium dioxide industry, and is of great significance to the company's sustained and high-quality development. and play an exemplary and leading role for the titanium dioxide industry and regional economy to achieve high-quality development.

At this stage, the company's main business products are rutile titanium dioxide, the product structure is relatively single. With the gradual promotion of the company's "sulfur-phosphorus-iron-titanium-lithium" coupling circular economy project, especially after the implementation of this fund-raising project, the company can realize the efficient value-added utilization of by-products of titanium dioxide by sulfuric acid process. At the same time, the main business product structure has expanded from a single titanium dioxide to a diversified series of products covering titanium dioxide, water-soluble monoammonium phosphate (water-soluble fertilizer), iron phosphate, lithium iron phosphate and so on. The depth of the industrial chain has been extended, and the added value of products has increased significantly, laying a solid foundation for the company to realize the strategic layout of "resources + chemical industry + new materials".