Zhongwei shares will build a lithium iron phosphate industrial park

Sinochem News.
com News on December 9, Zhongwei issued an announcement that the company and the Kaiyang County People's Government signed an investment agreement for the integrated construction project of the Lithium Iron Phosphate Industrial Park
.

According to the announcement, the project covers an area of ​​about 1,200 acres and is planned to be developed in phases.
The construction period is 33 months.
It is planned to build an integrated project with an annual output of 200,000 tons of iron phosphate and lithium iron phosphate material production lines.
At the same time, it will be equipped in the chemical park Construct phosphoric acid or yellow phosphorous and monoammonium phosphate from phosphate rock, as well as supporting mining areas and phosphate rock mining to match the demand for 200,000 tons of lithium iron phosphate products
.
Among them, the total investment in the first phase of the integration project is about 10 billion yuan

Zhongwei shares said that the project will deploy phosphoric acid production lines from phosphate rock, focusing on the downstream iron phosphate and lithium iron phosphate
.
After the project is put into production, the company's scale benefits will be further enhanced, and its competitiveness in materials such as ternary precursors, cobalt tetroxide, and lithium iron phosphate will be consolidated, further stabilizing the company's position as a leading enterprise in the field of lithium battery materials