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    Home > Coatings News > Paints and Coatings Market > Longbai Group intends to invest 5.4 billion yuan to build 4 new projects to enter the production of new energy materials

    Longbai Group intends to invest 5.4 billion yuan to build 4 new projects to enter the production of new energy materials

    • Last Update: 2021-09-12
    • Source: Internet
    • Author: User
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    On the evening of August 12, Longbai Group issued an announcement stating that in order to seize the development opportunities of new energy batteries, the company’s wholly-owned subsidiary Henan Zhongtan New Material Technology Co.
    , Ltd.
    plans to invest in the construction of artificial graphite for lithium-ion batteries with an annual output of 100,000 tons.
    The anode material project, with a total investment of 1.
    5 billion yuan, will be constructed in two phases
    .
    At the same time, the company's wholly-owned subsidiary Henan Longbai New Material Technology Co.
    , Ltd.
    plans to invest in the construction of a lithium-ion battery material industrialization project with an annual output of 200,000 tons, with a total investment of 2 billion yuan and construction in three phases
    .

    It is worth mentioning that Henan Baili New Energy Materials Co.
    , Ltd.
    , a wholly-owned subsidiary of Longbai Group, intends to invest in the construction of a battery material grade iron phosphate project with an annual output of 200,000 tons.
    The total investment of the project is 1.
    2 billion yuan and will be constructed in three phases
    .

    According to the announcement, in order to expand the production capacity of Longbai Group's chlorinated titanium dioxide and further increase its market share, the company’s holding subsidiary Henan Baililian New Materials Co.
    , Ltd.
    plans to invest in the construction of an annual output of 100,000 tons of chlorinated titanium dioxide.
    Can project
    .
    It is reported that the total investment of the project is 700 million yuan
    .

    Longbai Group stated that, as a key crossover industry in the three major industries of new energy, new materials and new energy vehicles, the demand side of lithium-ion batteries is gradually expanding
    .
    The negative electrode material, lithium iron phosphate, as the key main material of lithium-ion batteries, is an indispensable link in the lithium-ion battery industry chain
    .

    Longbai Group stated that the implementation of the above-mentioned projects will further strengthen the company’s strategic layout in artificial graphite anode products.
    At the same time, it will be able to use the company’s titanium dioxide by-products ferrous sulfate and hydrogen, caustic soda, hydrogen peroxide, etc.
    , combined with the company’s research and development and production of powder materials.
    The mastered experience, the continuous implementation of the two basic requirements of "large chemical industry" and "low cost" in industrialization, and the preparation of high value-added iron phosphate materials will help the company form a more complete industrial system and actively promote the company's integration of new energy materials The manufacturing supply chain enhances the company's comprehensive competitiveness
    .

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