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    Home > Coatings News > Paints and Coatings Market > CNNC Titanium Dioxide: The joint venture plans to invest 10 billion yuan in new energy power generation projects

    CNNC Titanium Dioxide: The joint venture plans to invest 10 billion yuan in new energy power generation projects

    • Last Update: 2021-10-09
    • Source: Internet
    • Author: User
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     On the evening of September 17, China Nuclear Titanium Dioxide (002145) issued an announcement that its joint venture company Baiyin China Nuclear Times New Energy Co.
    , Ltd.
    and Baiyin Municipal People's Government signed a new energy power generation project investment framework agreement
    .

    China Nuclear Times plans to select a site in Jingtai County, Baiyin City, to invest in the construction of a new energy power generation project called “Integrated Source, Network and Load”.
    10 billion yuan
    .
    The project will be constructed in three phases, and the construction period is expected to not exceed 48 months
    .

    It is reported that Baiyin China Nuclear Times New Energy Co.
    , Ltd.
    is a joint venture company jointly funded by China Nuclear Huayuan Titanium Dioxide Co.
    , Ltd.
    and Ningde Times (300750) New Energy Technology Co.
    , Ltd.
    's subsidiary, Times Yongfu Technology Co.
    , Ltd.
    , Times Yongfu each hold 50% of the equity of China Nuclear Times
    .
    Relying on the industrial advantages of Gansu Dongfang Titanium Co.
    , Ltd.
    , a wholly-owned subsidiary of the company, CNNC Times has vigorously promoted the investment, construction and operation of comprehensive smart new energy projects such as photovoltaics, wind power, and energy storage
    .

      The purpose of this cooperation is to support the electricity demand of Oriental Titanium’s “Sulfur-Phosphorus-Iron-Titanium-Lithium” green recycling industry project, especially with an annual output of 500,000 tons of iron phosphate, an annual output of 500,000 tons of lithium iron phosphate, The project with an annual output of 500,000 tons of water-soluble monoammonium phosphate (water-soluble fertilizer) and the supporting power consumption of related facilities, rationally develop wind power and photovoltaic resources in Baiyin area
    .
     

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