Another listed company invested in the construction of 100000 tons of lithium iron phosphate project

Recently, Chuanheng shares announced that the company, together with Lanjian Investment and Chen Yong, increased the capital of Wanpeng Co., Ltd., with a total capital increase of 130 million yuan. After the capital increase was completed, the company held 30% of the shares.

According to the announcement, Yibin Wanpeng Times Technology Co., Ltd., a wholly-owned subsidiary of Wanpeng Company, intends to invest in the construction of a project with an annual production capacity of 100000 tons of lithium iron phosphate cathode

For the purpose of capital increase, Chuanheng shares said that Wanpeng has profound lithium iron phosphate production technology and professional technical team, and the company has the advantage of iron phosphate industry, which is conducive to further expanding bilateral cooperation in the field of new energy materials. increase the value of phosphating workers in the field of new energy.

At present, Chuanheng Co., Ltd. has formed a phosphorus chemical circular economy industry group of mining, phosphate production, phosphorus chemical technology innovation, development and utilization of associated resources, phosphogypsum building materials, phosphorus nutrition technical services and product sales. The production and marketing capacity is more than 600000 tons / year.

According to the third quarterly report, Chuanheng shares achieved a total operating income of 1.671 billion in the first three quarters of 2021, an increase of 30.4% over the same period last year, and a net profit of 212 million, an increase of 48.6% over the same period last year.

At the same time, the previous semi-annual report pointed out that Chuanheng completed the acquisition of the mining rights and related assets of Xinqiao Phosphate Mine and Jigongling Phosphate Mine, and directly held three mining rights of Xiaoba Phosphate Mine, Xinqiao Phosphate Mine and Jigongling Phosphate Mine through its subsidiary Fulin Mining, with a total recoverable reserves of about 160 million tons. Xiaoba Phosphate Mine and Xinqiao Phosphate Mine can produce 3 million tons of phosphate ore per year.

In addition, Chuanheng shares in Tianyi Mining, a subsidiary of Tianyi Mining, holds mining rights of about 370 million tons of Laohudong phosphate rock, with a design production scale of 5 million tons per year, and infrastructure construction is under way.

Since September this year, Chuan Heng has also made several moves to lay out the field of lithium materials.

On September 16, Chuanheng shares and the people's Government of Fuquan City intend to sign a "Project Investment Cooperation Agreement" to invest in the construction of a "mineralized integrated" new energy material recycling industry project in Fuquan City. The project has a total investment of 10 billion yuan and is divided into two phases, including 800000 tons / year battery iron phosphate production line and 300000 tons / year battery grade iron phosphate production line (including the previously announced 100000 tons / year iron phosphate project). And 40, 000 tons / year lithium hexafluorophosphate project.

Among them, the project includes the 500000 tons / year iron phosphate project that Chuanheng shares and Guoxuan Group agreed to build on Sept. 7.

On September 23, Chuanheng Co., Ltd. and Fulin Seiko signed a strategic cooperation agreement, the two sides will cooperate closely in the supply chain of lithium iron phosphate cathode materials and upstream phosphate rock and phosphorus sources, and jointly finance the construction of lithium dihydrogen phosphate production project. to carry out the cooperation of iron phosphate, purification of phosphate and phosphate, the precursor of lithium iron phosphate; Expand the application fields of products and technologies of the two sides, and carry out cooperation in the fields of new product development, applied research and industrialization transformation; in the process of the development of the new energy lithium electricity industry, the two sides jointly explore the direction of cooperation in technology and industrial projects.