China Securities Network News (reporter Kangxi) Yuntu Holdings said on the interactive platform of the Shenzhen Stock Exchange on November 9 that in the future, the company will rely on its own advantages in phosphate ore and phosphorus chemical industry to rationally layout the lithium iron phosphate industry chain. At present, the company has planned 350,000 tons of battery-grade ferric phosphate and related supporting projects, and has not carried out lithium iron phosphate projects. The company's iron phosphate project is planned to be built in two phases, the first phase of 100,000 tons / year of iron phosphate, is expected to be completed and put into operation in March 2023, and the second phase of 250,000 tons of ferric phosphate and related supporting projects, is expected to be completed and put into operation in December 2023.
On September 4, Yuntu Holdings announced that the company intends to invest in the establishment of Yuntu New Energy Materials (Jingzhou) Co., Ltd. (hereinafter referred to as "Yuntu New Energy") in Songzi City, Hubei Province, with its own (self-financing) monetary funds of 500 million yuan, and invest in the construction of 350,000 tons of battery-grade iron phosphate and supporting 300,000 tons of wet phosphoric acid (purified), 300,000 tons of refined phosphoric acid, 1.5 million tons of phosphate ore beneficiation, 1 million tons of sulfur to acid, 600,000 tons of controlled release compound fertilizer, 1 million tons of phosphogypsum comprehensive utilization and 20MW waste heat power generation and other projects.
The announcement said that the company has been deeply engaged in the fertilizer chemical industry for more than 20 years, and has established a phosphate fertilizer industry chain starting from phosphate mineral resources and a phosphorus chemical industry chain based on yellow phosphorus, building an integrated industrial advantage, and accumulating rich production management experience and technical reserves in phosphorus chemical industry. In this context, the company relies on the rich phosphate ore resources in the Niuniuzhai North Mining Area of Leibo County, and expands downward along the "phosphate-phosphoric acid-iron phosphate", further extending the industrial chain and entering the new energy market.
Yuntu Holdings said that the company intends to invest in the establishment of Yuntu New Energy, and its construction of 350,000 tons of battery-grade iron phosphate and related supporting projects is a prudent decision based on the rapid development trend of new energy vehicles and energy storage and the supply and demand of lithium iron phosphate cathode material market. The main purpose is to use the company's own resource advantages and industrial chain advantages, seize the development opportunities of the new energy industry, fill in and complete the company's integrated industrial chain, consolidate the company's cost control advantages and industrial synergy advantages, and further enhance the company's anti-risk ability and core competitiveness. This investment is conducive to incubating new profit growth points for the company, and at the same time is conducive to expanding the scale of the company's compound fertilizer and phosphorus chemical industry, which is in line with the company's long-term development strategy of continuing to grow bigger and stronger.
![The future path for trisodium phosphate manufacturers[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)