Jinshi Resources invests in the construction of sulfuric acid project to further improve the fluorine chemical industry chain

　　Sinochem News News on June 13, Jinshi Resources announced that the company's holding subsidiary Inner Mongolia Jin'ebo Fluorine Chemical Co.
, Ltd.
(hereinafter referred to as Jin'ebo Fluorine Chemical) plans to invest 494 million yuan in the construction of comprehensive utilization of resources.
Fluorine chemical supporting annual production capacity 2 × 400,000 tons of sulfuric acid project, of which the first phase is planned to invest 243 million yuan.
The construction period is expected to be about 14 months.
The second phase will decide the start time depending on the production situation
.

　　It is understood that the investment in the sulphuric acid project by Jin'obo Fluorine Chemical is mainly due to two considerations: on the one hand, sulfuric acid is one of the important raw materials for the preparation of hydrofluoric acid by Jin'obo Fluorine Chemical Company, and in recent years, due to the increasing market demand for sulfuric acid, the price of sulfuric acid has increased.
Rising rapidly, the company's investment in sulfuric acid projects can provide raw material security for fluorine chemical projects
.
On the other hand, the project is located in Barun Industrial Park, Damao Banner, and the surrounding pyrite resources are rich, especially the sulfuric acid project planned this time.
raw material cost
.

　　Jinshi Resources believes that after the project is put into operation, it can better ensure the supply of raw materials and reduce the cost of raw materials, which is conducive to further improving the fluorine chemical industry chain and enhancing the company's profitability and comprehensive competitiveness
.