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Sinochem News.
com News on December 9, Chuanfa Lomon issued an announcement that the company signed the "Investment Framework Agreement" with the Panzhihua Vanadium Titanium High-tech Industrial Development Zone Management Committee
.
Based on the comprehensive advantages of Panzhihua Vanadium and Titanium Development Zone in terms of project land, location, policies, and energy consumption, the company plans to build a 200,000 tons/year new material project in Panzhihua Vanadium and Titanium Development Zone
.
It is understood that the project will build a production line with an annual output of 200,000 tons of lithium iron phosphate, 200,000 tons of iron phosphate, and 300,000 tons of sulfuric acid, as well as supporting facilities such as factories, warehouses, and R&D centers.
The planned land area is 800 acres and the construction period is 2022.
From January to December 2025, it is planned to be implemented in phases
.
Among them, the first phase is to build a production line with an annual output of 100,000 tons of lithium iron phosphate, 100,000 tons of iron phosphate, and 300,000 tons of sulfuric acid, which is expected to be completed and put into operation in December 2023; the second phase will be constructed to produce 100,000 tons of lithium iron phosphate and 100,000 tons of phosphoric acid.
The iron production line is expected to be completed and put into operation in December 2025
