Invest 10 billion yuan! Another titanium dioxide listed company enters the field of lithium iron phosphate

On the evening of March 28, Jinpu Titanium Industry announced that the company plans to use the by-product ferrous sulfate to build battery-grade ferric phosphate plant and downstream new energy battery cathode material lithium iron phosphate device to meet the growing demand for lithium iron phosphate for new energy storage and new energy vehicles. Based on the comprehensive advantages of Anhui (Huaibei) new coal chemical synthetic material base in terms of project land, policy, energy consumption and supporting conditions, Jinpu Titanium Industry plans to build new energy battery materials integration projects such as 200000 tons / year battery grade iron phosphate and 200000 tons / year lithium iron phosphate in the park.

The announcement shows that the total investment of the project is about 10 billion yuan, the planned construction period is from September 2022 to June 2027, and the project is divided into three phases. The construction period of the first phase of the project is from September 2022 to December 2023, with the construction of 100000 tons / year of ferric phosphate, 50, 000 tons / year of lithium iron phosphate, 300000 tons / year of sulfuric acid from pyrite and 30, 000 tons / year of electronic sulphuric acid. The second phase of the project plans to build 100000 tons / year of iron phosphate, 150000 tons / year of lithium iron phosphate, 300000 tons / year of pyrite sulphuric acid and its upstream and downstream supporting equipment. The construction period of the third phase of the project is from March 2026 to June 2027, with 8000 tons / year of lithium hexafluorophosphate and 50 000 tons / year of lithium battery recycling.

Jinpu titanium industry is mainly engaged in the production and sales of titanium dioxide. In terms of performance, the company issued a performance notice on the evening of January 28th. it is expected that the net profit belonging to shareholders of listed companies in 2021 will be 87.5782 million yuan to 125 million yuan, turning losses into profits. Basic earnings per share range from 0.0887 yuan to 0.1268 yuan.

Battery Network noted that in addition to Jinpu titanium industry, there have been a number of listed titanium dioxide companies such as Longbai Group (002601), Chuanfa Dragon Python (002312), medium Nucleus Titanium dioxide (002145), Anada (002136) and other listed companies to invest heavily in the field of lithium iron phosphate.

Just this month, Longbai Group and Chuanfa Dragon Python just started a project related to lithium iron phosphate:

The Deyang dragon python lithium power new energy material base project invested by Chuanfa dragon python started on March 22nd, with a total investment of 12 billion yuan, with an annual output of 200000 tons of lithium iron phosphate and 200000 tons of iron phosphate and supporting products.

On March 7, Longbai Group started the extension and mending chain project of lithium iron phosphate and titanium industry, investing 2 billion yuan to build the "annual capacity of 150000 tons of battery-grade lithium iron phosphate project" and 1 billion yuan to build the "annual output of 200000 tons of rutile titanium dioxide post-treatment project". In February, the first phase of the lithium-ion battery material industrialization project of Longbai Group with an annual output of 200000 tons (with an annual output of 50, 000 tons) has been completed and has now entered the stage of trial production. The data show that the industrialization project of lithium-ion battery materials with an annual output of 200000 tons is mainly to build an annual production line of 200000 tons of lithium iron phosphate and related supporting engineering facilities.