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[ Focus on Chemical Machinery and Equipment Network ] "In the future, companies with iron phosphate production capacity will be the most profitable
.
" There is such a view in the industry
.
Chemical machinery and equipment network hotspots pay attention to chemical machinery and equipment.
" There is such a view in the industry
.
Based on this, another chemical giant "entered" the field of iron phosphate
.
.
On October 29, Yuntianhua announced that the company plans to invest in the construction of a 500,000 tons/year iron phosphate battery new material precursor and supporting projects in the Caopu Chemical Park, Anning Industrial Park, Anning City, Yunnan Province
.
The overall project investment is expected to be 7.
286 billion yuan .
.
The overall project investment is expected to be 7.
286 billion yuan .
Among them, it is planned to invest in a new 100,000-ton/year iron phosphate project and supporting facilities, which are expected to be completed in June 2022; it is planned to invest in a new 2×200,000-ton iron phosphate project and supporting facilities, which are expected to be completed in December 2023
.
.
According to data compiled by the Financial Association, Yuntianhua may be the largest listed company in the country for phosphate mining and dressing, with phosphate reserves of 690 million tons
.
Its existing production capacity of raw phosphate ore is 14.
5 million tons/year, and the total production capacity of fertilizer grade wet-process phosphoric acid is 2.
25 million tons/year (reduced pure), and monoammonium phosphate is 180,000 tons/year
.
.
Its existing production capacity of raw phosphate ore is 14.
5 million tons/year, and the total production capacity of fertilizer grade wet-process phosphoric acid is 2.
25 million tons/year (reduced pure), and monoammonium phosphate is 180,000 tons/year
.
In addition, Yuntianhua has also laid out other lithium battery materials
.
.
In November 2020, Yuntianhua and Duo Fluoride announced at the same time that the two parties intend to jointly fund the establishment of a joint venture Fluoro Phosphorus Electronics.
Among them, Duo Fluoride will contribute 153 million yuan (51% equity) in cash, and Yuntianhua will contribute 147 million yuan in cash ( 49% equity)
.
Among them, Duo Fluoride will contribute 153 million yuan (51% equity) in cash, and Yuntianhua will contribute 147 million yuan in cash ( 49% equity)
.
At present, the 20,000 tons/year electronic grade hydrofluoric acid project of its joint venture with Duo Fluoride is expected to be put into operation at the end of the year.
The 5,000 tons/year lithium hexafluorophosphate project and the 2×15,000 tons of anhydrous hydrogen fluoride project are progressing in an orderly manner as planned
.
The 5,000 tons/year lithium hexafluorophosphate project and the 2×15,000 tons of anhydrous hydrogen fluoride project are progressing in an orderly manner as planned
.
In the first three quarters of this year, Yuntianhua achieved operating income of 47.
632 billion yuan, a year-on-year increase of 19.
35%; net profit attributable to shareholders of listed companies was 2.
84 billion yuan, a year-on-year increase of 2583%
.
632 billion yuan, a year-on-year increase of 19.
35%; net profit attributable to shareholders of listed companies was 2.
84 billion yuan, a year-on-year increase of 2583%
.
Phosphorus chemical companies get together and lay out
The industrial chain of lithium iron phosphate batteries is: phosphate rock-industrial grade phosphoric acid/monoammonium phosphate-iron phosphate-lithium iron phosphate cathode-lithium iron battery
.
.
Based on this, the use of the original phosphate rock resources of the enterprise and the cross-border investment and deployment of iron phosphate and lithium iron phosphate material projects in the complete phosphorus-chemical integrated industrial chain have become the common choice for many chemical companies to transform and upgrade
.
.
More data show that by 2025, China's total demand for lithium iron phosphate is expected to exceed 2 million tons, with a compound growth rate of over 50%.
It is one of the fastest-growing industries in the future
.
It is one of the fastest-growing industries in the future
.
In terms of phosphorus chemical companies, in addition to Yuntianhua this year, they include Xingfa Group, Chuanheng Co.
, Ltd.
, Chuanfa Lomon, Longpan Technology, Yuntu Holdings, Hubei Yihua, Chuanjinnuo, Xinyangfeng, and Sierte Other 9 companies have cross-border layout of iron phosphate and lithium iron phosphate materials
.
, Ltd.
, Chuanfa Lomon, Longpan Technology, Yuntu Holdings, Hubei Yihua, Chuanjinnuo, Xinyangfeng, and Sierte Other 9 companies have cross-border layout of iron phosphate and lithium iron phosphate materials
.
In addition, Longbai Group, China Nuclear Titanium Dioxide, Anada and other titanium dioxide companies have also announced cross-border investment in iron phosphate and lithium iron phosphate material projects
.
.
Attitude change
As the energy density of lithium iron phosphate batteries ushered in a technological breakthrough this year
.
Lithium iron phosphate batteries, which have the advantages of low cost and high safety, have begun to make a comeback, and their output and installed capacity have rebounded rapidly, even surpassing ternary batteries frequently
.
.
Lithium iron phosphate batteries, which have the advantages of low cost and high safety, have begun to make a comeback, and their output and installed capacity have rebounded rapidly, even surpassing ternary batteries frequently
.
As a result, the market's attitude towards lithium iron phosphate batteries began to usher in a major change
.
.
In terms of car companies, current car companies including Tesla, BYD, Xiaopeng Motors, Great Wall Motors have increased the proportion of lithium iron phosphate batteries
.
Among them, Tesla has taken the biggest step.
It announced that it will switch to lithium iron phosphate batteries for all standard battery life versions around the world.
Recently, there is news that it has booked 45GWh lithium iron phosphate batteries with CATL
.
.
Among them, Tesla has taken the biggest step.
It announced that it will switch to lithium iron phosphate batteries for all standard battery life versions around the world.
Recently, there is news that it has booked 45GWh lithium iron phosphate batteries with CATL
.
In addition, Daimler Group also recently stated that some Mercedes-Benz models will switch to using lithium iron phosphate batteries.
Hyundai and Hyundai Motors have also begun to develop electric vehicles equipped with lithium iron phosphate batteries in the first half of this year, and are operating outside China.
Launched in the region
.
Hyundai and Hyundai Motors have also begun to develop electric vehicles equipped with lithium iron phosphate batteries in the first half of this year, and are operating outside China.
Launched in the region
.
Volkswagen, which ranks first in global car sales, revealed in its first battery-related "Power Day" held this year that lithium iron phosphate batteries will be one of the main battery routes for its platform models in the future;
The technology giant Apple, which plans to launch electric vehicles in 2024, even claims that it will also use lithium iron phosphate batteries, saying this is out of safety considerations
.
.
In terms of battery companies, South Korea’s two major battery giants LG Energy and SKI have also announced their entry into the field of lithium iron phosphate batteries
.
Among them, LG Energy has started research and development of lithium iron phosphate battery technology in South Korea's Daejeon Laboratory at the end of last year, and it is expected to build a pilot line in 2022 at the earliest
.
.
Among them, LG Energy has started research and development of lithium iron phosphate battery technology in South Korea's Daejeon Laboratory at the end of last year, and it is expected to build a pilot line in 2022 at the earliest
.
In terms of SKI, according to a Reuters report today, Jee Dong-seob, CEO of its subsidiary SK On, recently revealed that the company is considering developing lithium iron phosphate batteries
.
.
Deeply binding lithium iron phosphate material companies
Vehicle manufacturers and battery companies have successively planned to introduce lithium iron phosphate batteries, indicating that the technical route of lithium iron phosphate batteries is increasingly recognized by the market
.
.
However, phosphate rock resources have the characteristics of indispensable, irreplaceable, non-recyclable, and non-renewable.
According to the aforementioned industrial chain of lithium iron phosphate batteries, lithium iron phosphate is the end product in the industrial chain, and the raw materials at the most upstream of the industrial chain are Phosphate rock
.
This means that the output of lithium iron phosphate ultimately depends on the amount of phosphate ore mined
.
According to the aforementioned industrial chain of lithium iron phosphate batteries, lithium iron phosphate is the end product in the industrial chain, and the raw materials at the most upstream of the industrial chain are Phosphate rock
.
This means that the output of lithium iron phosphate ultimately depends on the amount of phosphate ore mined
.
At the same time, the supply of lithium iron phosphate battery materials has tightened this year, the inventory has remained low, and the prices of other raw materials have continued to rise, as well as the further fermentation of the dual control policy of energy consumption, which constrains the capacity release and profit growth of power battery companies
.
.
In this context, power battery companies are deeply bound with lithium iron phosphate material companies through shareholding, capital increase, acquisition and joint ventures, so as to ensure a stable supply of raw materials and lock in market cost advantages
.
.
From the public information point of view, the lithium iron phosphate material companies cooperated by CATL are more comprehensive, such as indirect investment in phosphorus chemical company Longpan Technology, which directly controls the most upstream resources; joint investment in the construction of iron phosphate with battery material companies Jiangxi Shenghua and German Nano The lithium project further enhances the stability factor of the supply chain
.
More importantly, since the beginning of this year, CATL's layout of upstream raw materials can be said to be "especially urgent".
In terms of lithium resources, it has also been frequently shot at home and abroad
.
.
More importantly, since the beginning of this year, CATL's layout of upstream raw materials can be said to be "especially urgent".
In terms of lithium resources, it has also been frequently shot at home and abroad
.
It is worth mentioning that in December 2020, CATL and BYD jointly invested in Hunan Yuneng as strategic investors.
At present, the two directly hold 10.
54% and 5.
27% of Hunan Yuneng's shares, respectively
.
At present, the two directly hold 10.
54% and 5.
27% of Hunan Yuneng's shares, respectively
.
It is foreseeable that under the high prosperity of the new energy vehicle market and the arrival of the economic inflection point of the superimposed energy storage market, the market demand for lithium iron phosphate is expected to further increase
.
.
The cooperation model between power battery companies and material companies will also undergo drastic changes; for phosphorus chemical companies, binding downstream battery manufacturers in advance will bring companies obvious channel advantages
.
.
Original title: 500,000 tons! Chemical giants "break into" the field of iron phosphate!