China Nuclear Titanium dioxide holding hands in Ningde era to promote Cooperation and Development in the Field of New Energy

On the evening of May 27, China Nuclear Titanium dioxide announced that in order to better implement the new requirements of the "double carbon" goal and build a green circular new economy, the company signed the shareholders' Agreement on the Establishment of a Joint Venture with time Yongfu Technology Co., Ltd. (hereinafter referred to as "time Yongfu"), a subsidiary of Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as "Ningde Times"). The two sides jointly funded the establishment of Baiyin China Nuclear era New Energy Co., Ltd. (provisional name, subject to the name approved and registered by the company registration authority, hereinafter referred to as "China Nuclear era". To promote the investment, construction and operation of comprehensive intelligent new energy projects such as photovoltaic, wind power, energy storage and so on.

According to the disclosure, the registered address of the China Nuclear era is Baiyin City, Gansu Province, with a registered capital of 100 million yuan, of which 50 million yuan each is contributed by China Nuclear Titanium dioxide and Times Yongfu, each holding 50% of the registered capital of the China Nuclear era. The company's business scope is the investment, construction and operation of photovoltaic, wind power and other comprehensive intelligent energy.

Ningde Times owns 60% of time Yongfu and Fujian Yongfu Electric Power Design Co., Ltd. holds 40%. And time Yongfu is the first attempt of Ningde era for comprehensive smart energy investment and operation and overall solution industry sector.

Recently, the problem of tight power supply in the south has once again attracted the attention of the market, and there is no doubt about the power restriction in many areas and the acceleration of the development of the new energy industry.

This time, the China Nuclear Titanium dioxide "hand in hand" Ningde era to promote photovoltaic, wind power, energy storage and other comprehensive intelligent new energy projects is an important process for it to comply with policy development and promote the market.

Prior to this, on May 25, the company further issued a fixed increase plan to raise no more than 7.091 billion yuan (including capital) for a non-public offering. After deducting the issuance expenses, all the net funds raised were invested in the recycling titanium dioxide deep processing project, the water-soluble monoammonium phosphate (water-soluble fertilizer) resource recycling project, and the annual production of 500000 tons of iron phosphate project.

In the iron phosphate project of medium nuclear titanium dioxide, ferrous sulfate, a by-product of titanium dioxide, is used as the raw material for the production of iron phosphate, combined with the water-soluble monoammonium phosphate (water-soluble fertilizer) not produced by the company to produce iron phosphate, which is the precursor material of lithium iron phosphate. the production cost of iron phosphate can be greatly reduced. In addition, the production site of the project and the production base of water-soluble monoammonium phosphate (water-soluble fertilizer) and titanium dioxide are located in the same area, which can optimize the technological process and plant layout, facilitate the transportation of raw materials between projects and the recycling and balance of water, electricity, gas and steam, and effectively reduce the costs of loading and unloading, transportation and packaging in production.

The unique cost advantage and scale advantage of medium nuclear titanium dioxide in the production of iron phosphate may become the main reason to attract the power battery leader in Ningde era.

Nuclear titanium dioxide also said in the announcement that the joint venture company intends to invest, build and operate comprehensive smart energy such as photovoltaic and wind power, and plans to invest and operate centralized large surface photovoltaic power stations, distributed roof photovoltaic power plants, land wind power and other projects in Gansu Province. Other new energy projects invested, built and operated by both sides in Gansu Province shall be implemented by joint venture companies on the premise of mutual agreement. This overseas investment will help to establish and deepen the cooperation between the company and Ningde era in the field of new energy, give full play to and make full use of the leading advantages and resources of both sides in their respective fields, and further optimize the layout of the company's green circular economy. Adjust the energy supply structure in the company's business development, and fulfill the responsibilities and obligations of the company in order to achieve the goal of "carbon peak and carbon neutralization" at an early date.