It is planned to raise 7 billion additional funds!

China Nuclear Titanium Dioxide (or "Company"), the leader in titanium dioxide, is stepping into the lithium iron phosphate industry chain.

According to the China Nuclear Titanium Dioxide Fixed Growth Plan, the company intends to privately issue no more than 616 million shares, raising 7.

The company intends to invest 3.

As early as February this year, China Nuclear Titanium Dioxide announced that it planned to invest more than 10 billion yuan in the field of lithium iron phosphate.

The company said that the project is a development strategy that has been carefully demonstrated by the company to improve and extend the company's main business industrial chain and build a green circular industrial economy as the guide.

"The iron source required by the project, namely the ferrous sulfate in the production of titanium dioxide, and the incremental production capacity of Dongfang Titanium's crude products are simultaneously constructed and matched.

According to this announcement, the overall construction period of the iron phosphate project with an annual output of 500,000 tons is 36 months, of which the construction period of 100,000 tons/year iron phosphate in the first stage is 24 months, and the construction period of 400,000 tons/year iron phosphate in the second stage is 36 months.

The company previously stated that the series of investment projects are based on the company’s wholly-owned subsidiary Oriental Titanium’s existing 100,000 tons of crude titanium dioxide production capacity, and cooperate with Baiyin City chemical companies to form a “symbiosis and win-win” circular economy industry closed loop to create a regional chemical industry.

According to the announcement, the annual production of 500,000 tons of lithium iron phosphate project uses titanium dioxide by-product ferrous sulfate as the raw material for the production of iron phosphate, combined with the company's unproduced water-soluble monoammonium phosphate (water-soluble fertilizer) to produce iron phosphate, the precursor material for lithium iron phosphate , Can greatly reduce the production cost of iron phosphate.

It is understood that China Nuclear Titanium Dioxide is currently the second largest manufacturer of titanium dioxide in China and the sixth largest in the world.
Its products are mid-to-high-end rutile titanium dioxide.
At this stage, the company's main business product is rutile titanium dioxide, with a relatively simple product structure.
With the gradual advancement of the company's "sulfur-phosphorus-iron-titanium-lithium" coupled circular economy project, especially after the implementation of the fundraising project, the company can realize the efficient and value-added utilization of sulfuric acid method titanium dioxide by-products.
At the same time, its main business The product structure will expand from a single titanium dioxide to cover a diversified series of products such as titanium dioxide, water-soluble monoammonium phosphate (water-soluble fertilizer), iron phosphate, lithium iron phosphate, etc.
The depth of the industry chain is extended, and the added value of the product will increase significantly.
The company lays a solid foundation for the realization of the trinity strategic layout of "resources + chemical industry + new materials".