Recently, phosphorus series flame retardant industry leader Wansheng shares (603010) announcement, the company and Zhou Jian, Zheng Huidong, Hainan Si Shang, Fujian Huazhi, Fujian Zhongzhou New Materials Technology Co., Ltd. signed the Investment Agreement of Zhejiang Wansheng Co., Ltd on Fujian Zhongzhou New material Technology Co., Ltd.
The announcement shows that Wansheng plans to increase capital to Zhongzhou, Fujian Province. After the capital increase, the company directly holds 46.05% of the shares in Fujian Zhongzhou, 20.51% through the equity incentive platform, and the company holds a total of 66.56% (corresponding to 104.5 million yuan of investment). The following investment platform holds 3.50% (corresponding to 5.5 million yuan of investment).
At the same time, Zhongzhou, Fujian plans to build a new "Sanming Lithium Ion electrolyte Additives and Conductive New Materials Project", with a project scale of 95500 tons, of which the first phase of the project has a production capacity of 20500 tons and an estimated investment of 450 million yuan. The project is located in Sanming City, Fujian Province, where the local fluorite mineral resources are rich, and the fluorine new material industry gathering area has been formed around the fluorite resources. the fluorine chemical industry is well equipped and the supply of raw materials is guaranteed. At present, Fujian Zhongzhou has completed the investment record and land delisting, and has the basis to promote the construction of the project.
From the perspective of construction products, the project locates the production of key functional additives in the new energy battery material system. The products of the first phase of the project are mainly distributed with mainstream electrolyte additives such as VC, FEC and DTD, and equipped with a variety of small batch additives to achieve the ability to provide complete solutions for complex electrolyte formula additives.
In addition, in the first phase of the project, the green and environment-friendly solvent NNP, is arranged to replace NMP. At the same time, Fujian Zhongzhou will carry out industrialization research on a series of advanced battery materials such as single-walled carbon nanotubes, so as to maintain Fujian Zhongzhou's advanced nature in the field of battery materials.
Wansheng shares said that since the beginning of this year, the supply of electrolyte additives continues to be tight, and the market is in short supply, which has affected the downstream production of lithium batteries. Combined with its own accumulation in the field of chemical additives, the company invests in Zhongzhou, Fujian Province, taking electrolyte additives as the entry point to lay out the upstream industry of new energy.
Lithium battery electrolyte is mainly composed of electrolytes, organic solvents and additives. The research report of China Merchants Securities pointed out that highly toxic gases such as chlorine are used in the production of mainstream additive VC, so environmental protection requirements and production difficulties are relatively difficult. most of the VC enterprises that have stopped production and reduced production before returning to production are not smooth, and do not rule out the possibility that the progress of production expansion and operation of enterprises in the industry continues to be lower than expected.
Therefore, the additive track has also become the main choice for new entrants to compete for layout in recent years, but the technical barriers to additives are high and they are also faced with greater pressure of environmental assessment. It can be seen that the cross-boundary road of Wansheng shares may not be very smooth.
It is worth noting that although Fujian Zhongzhouying's business is the application and development of electrolyte additives and new materials, it is a new company just established in August this year, and before Wansheng shares increased its capital, the company's main shareholders are natural person Zhou Jian and two construction and engineering companies, and the technical reserve of the project may not be sufficient.
