China Nuclear Titanium Dioxide plans to invest 10 billion yuan in new energy power generation projects

In order to meet the electricity demand of the company’s lithium iron phosphate and other new energy projects, the company announced on the evening of September 17 that the joint venture company, China Nuclear Times and the People’s Government of Baiyin City, signed a new energy power generation project investment framework agreement with a proposed investment of 10 billion yuan.

Prices continue to rise

Products in short supply

Products in short supply

The performance forecast released by China Nuclear Titanium Dioxide shows that in the first three quarters of this year, the company achieved net profit attributable to shareholders of listed companies from 961 million yuan to 1.

The performance forecast released by China Nuclear Titanium Dioxide shows that in the first three quarters of this year, the company achieved net profit attributable to shareholders of listed companies from 961 million yuan to 1.

Since the beginning of this year, the domestic market demand has recovered, and the market has continued its high boom

In an interview with a reporter from Securities Daily, Zhang Xiaorong, Dean of Deepin Technology Research Institute, said: “There are two main reasons for the continuous increase in the price of titanium dioxide

From the perspective of cost, the price of sulfuric acid has continued to rise since July 2020, and has shown an accelerated upward trend after July this year

  In addition to the continuous rise in the price of sulfuric acid, the price of titanium concentrate has also continued to run at a high level

  With the gradual expansion of downstream industries, the demand for titanium dioxide is also increasing

  Join the new energy track

  Proposed investment in supporting power generation projects

  Proposed investment in supporting power generation projects

  In addition to actively developing its main business, CNNC Titanium Dioxide also announced at the beginning of this year that it intends to invest more than 13 billion yuan in the construction of multiple projects including an annual output of 500,000 tons of lithium iron phosphate project, to create a green recycling production system, based on The main business is to expand the development of lithium iron phosphate products

  In addition to actively developing its main business, CNNC Titanium Dioxide also announced at the beginning of this year that it intends to invest more than 13 billion yuan in the construction of multiple projects including an annual output of 500,000 tons of lithium iron phosphate project, to create a green recycling production system, based on The main business is to expand the development of lithium iron phosphate products

  China Nuclear Titanium Dioxide's annual production capacity of 500,000 tons of lithium iron phosphate project is mainly based on Dongfang Titanium's established and planned crude titanium dioxide production capacity to fully absorb the by-products such as ferrous sulfate and waste sulfuric acid produced by Dongfang Titanium's crude titanium dioxide production.

  Wang Chikun told reporters: “Benefiting from the business cycle, titanium dioxide stands on the cusp of the industry cycle and is concerned and sought after by the capital market

  "After the lithium iron phosphate project starts, the electricity consumption will be relatively large

  According to the agreement, the above-mentioned power generation projects include 1500 MW of photovoltaic power generation, 500 MW of wind power generation and supporting 400 MW of energy storage, with a total investment of approximately 10 billion yuan

  CNNC Titanium Dioxide stated that the signing of the above agreement is a decision made by the company based on the needs of future business development, conforms to the overall plan for building a green circular economy, and has a positive impact on the company's new energy business development
.