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On the evening of August 12th, Longbai Group, a leading titanium dioxide company, issued four investment plan announcements in a row, intending to invest in the industrialization of lithium-ion battery materials, artificial graphite anode materials for lithium-ion batteries, and battery material-grade phosphoric acid.
The capacity expansion project of iron and titanium dioxide chloride method has a planned total investment of 5.
4 billion yuan
.
Specifically, Henan Longbai New Materials, a subsidiary of Longbai Group, intends to invest in the construction of an industrialization project with an annual output of 200,000 tons of lithium-ion battery materials, with an investment of 2 billion yuan
.
The project will be constructed in three phases, the first phase and the second phase will build a lithium iron phosphate production line with an annual output of 50,000 tons, and the third phase will build a lithium iron phosphate production line with an annual output of 100,000 tons
Subsidiary Henan Baili New Energy plans to invest in the construction of a battery material grade iron phosphate project with an annual output of 200,000 tons, with an investment of 1.
2 billion yuan
.
The project will be constructed in three phases, the first phase and the second phase will build a production line with an annual output of 50,000 tons of iron phosphate, and the third phase will build a production line with an annual output of 100,000 tons of iron phosphate.
Subsidiary Henan China Carbon New Materials plans to invest in the construction of an artificial graphite anode material project with an annual output of 100,000 tons of lithium-ion batteries, with an investment of 1.
5 billion yuan
.
The project is constructed in two phases.
In addition, Henan Baililian New Materials, a subsidiary of Longbai Group, plans to invest in the construction of a capacity expansion project with an annual output of 100,000 tons of chlorinated titanium dioxide, with a planned investment of 700 million yuan
.
Longbai Group stated that the implementation of this project will increase the company’s chlorination process titanium dioxide production capacity.
