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Shi Dashenghua terminates Polish lithium battery material project

 Last Update: 2021-06-16
 Source: Internet
 Author: User

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Sinochem News reported on June 4, Shi Dashenghua disclosed that due to the global new crown pneumonia epidemic, the company has terminated the construction of lithium-ion battery material projects in Poland
.

Prior to this, Shi Dashenghua and PCC Rokita jointly established a joint venture company.
The first phase plans to invest 170 million yuan to build a 20,000-ton/year ethylene carbonate plant in Lower Silesia, Poland
.

The project covers an area of 46,000 square meters and the estimated construction period is 2 years

However, due to the impact of the epidemic, the local approval and other work of the project could not be substantively advanced
.

Given that the current cooperation agreement between the company and the joint venture party has expired and the advantages of the original project site no longer exist, coupled with the impact of the future epidemic and uncertain factors in market development, Shi Dashenghua decided to terminate the project

Shi Dashenghua said that the investment project is still in the preparatory stage, and the termination of the investment project will not have a significant impact on the company

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