Lubei Chemical Industry: the project with an annual output of 60,000 tons of titanium dioxide by chlorination process is put into production.

Lubei Chemical announced that the project with an annual production capacity of 60,000 tons of chlorinated titanium dioxide invested by Shandong Xianghai Titanium Resources Technology Co., Ltd., a wholly-owned subsidiary of the company, has completed the main construction and equipment installation and commissioning. The project has entered the commissioning stage in December 2021, and the project has been officially put into production.

I. basic information of the project

Xianghai Titanium Industry has an annual output of 60,000 tons of chlorinated titanium dioxide project with a total investment of 890 million yuan. the main body of the project is composed of chlorination, oxidation, post-treatment and auxiliary production facilities, mainly producing high-grade rutile titanium dioxide. The products are mainly used for high-end products in paint, paint, paper, rubber, ink, plastics and other industries. Compared with the sulfuric acid process titanium dioxide production process, the chlorination process titanium dioxide project has the advantages of short process flow, high product quality, easy automation and low emission of "three wastes", so it belongs to the national incentive project.

Second, after the impact project on the company reaches production, it can increase the production capacity of titanium dioxide by chlorination process by 60,000 tons per year, which will increase the production capacity of titanium dioxide to more than 260,000 tons per year, which will help to further improve product competitiveness and market share, enhance profitability, and consolidate the company's position in the titanium dioxide industry.

Third, the risk indicates that there are risks such as titanium dioxide raw materials, product market fluctuations and national policy changes in the project, reminding the majority of investors to pay attention to investment risks.