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Phosphorus chemical leader joined hands with Huayou Holdings to promote the construction of iron phosphate and lithium iron phosphate projects

 Last Update: 2023-01-04
 Source: Internet
 Author: User

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【Chemical Machinery and Equipment Network Star Enterprise】On the evening of September 29, 2022, Yuntianhua, a leading phosphorus chemical industry, issued an announcement that the company and Huayou Holdings signed the "Agreement on Cooperation Intent on Iron Phosphate and Lithium Iron Phosphate Projects", and the two parties intend to promote the construction and operation
of 500,000 tons/year iron phosphate projects and 500,000 tons/year lithium iron phosphate projects through industrial cooperation in iron phosphate and lithium iron phosphate industries.

According to the announcement, there are two companies involved in this cooperation, namely Yunnan Yunjuneng New Materials Co.
, Ltd.
and Yunnan Youtian New Energy Technology Co.
, Ltd.

In terms of cooperation content, Huayou Holdings intends to transfer 49% of the equity of Yunnan Yunjuneng New Materials Co.
, Ltd.
held by Yuntianhua through the public trading market, and Yuntianhua intends to transfer 49% of the equity
of Yunnan Youtian New Energy Technology Co.
, Ltd.
held by Huayou Holdings.
After the completion of the equity transfer, Yunnan Yunjuneng New Materials Co.
, Ltd.
will be responsible for the construction (or acquisition) and operation of the 500,000 tons/year iron phosphate project, and Yunnan Youtian New Energy Technology Co.
, Ltd.
plans to build a 500,000-ton/year lithium iron phosphate project
in phases.

It is understood that the first phase of the lithium iron phosphate project is 100,000 tons/year, which is planned to be completed in 2023; The second phase is 200,000 tons/year, which is planned to be completed in 2024; The third phase is 200,000 tons/year, which is scheduled to be completed
in 2025.

Yuntianhua said that the signing of the cooperation intention agreement is conducive to the integration of resources by both partners, the construction of industrial clusters, the joint promotion of iron phosphate and lithium iron phosphate industry cooperation, and the improvement of industrial development quality, efficiency and competitiveness, which will further enhance the company's sustainable development ability and comprehensive competitiveness
.

The Battery Alliance noted that as early as last year, Yuntianhua issued a project announcement:

On October 29 last year, Yuntianhua announced that the company plans to invest in the construction of 500,000 tons/year of new material precursors and supporting projects for iron phosphate batteries in Caopu Chemical Park, Anning Industrial Park, Anning City, Yunnan Province, with an overall estimated investment of 7.
286 billion yuan
.

The project plans to build 500,000 tons/year of battery new material precursors and supporting projects
.
Among them, it is expected to invest about 2.
247 billion yuan to build 100,000 tons/year of iron phosphate projects and supporting facilities, including: 100,000 tons/year of iron phosphate, 100,000 tons/year of wet phosphoric acid refining and 200,000 tons/year of hydrogen peroxide projects; It is expected to invest about 5.
039 billion yuan to build 2×200000000000000000000000000000000000000000000000000000000000000000000

According to the announcement, the 100,000 tons/year iron phosphate project and supporting facilities are expected to be completed in June 2022, and the 2×,200,000 tons of iron phosphate project and supporting facilities are expected to be completed
in December 2023.

On the evening of November 26 last year, Yuntianhua released the latest progress of the project: in order to accelerate the construction of 500,000 tons/year iron phosphate battery new material precursors and supporting projects, the company plans to invest in the establishment of a wholly-owned subsidiary Yunnan Yuntian Energy New Materials Co.
, Ltd.
in Caopu Chemical Park, Anning Industrial Park, Anning City, Yunnan Province, the company invested 1 billion yuan in cash, according to the project progress in phases, used to undertake the construction and operation of the company's 500,000 tons/year iron phosphate battery new material precursors and supporting projects
。

At present, the first phase of Yuntianhua's 100,000 tons/year iron phosphate project has been completed and put into operation, and the second phase of the 2×2,000 tons/year iron phosphate project has completed the filing and energy evaluation procedures; Yunnan Youtian has completed the procedures of lithium iron phosphate project filing, energy evaluation, occupational health evaluation and so on
.

It is understood that the main use of iron phosphate is in the manufacture of lithium iron phosphate battery materials, catalysts and ceramics, etc.
, the main raw materials include phosphorus source (phosphoric acid or ammonium), iron source (ferrous sulfate or iron powder), PH regulator and oxidant, etc.
, of which phosphorus source accounts for more than
50% of the cost of iron phosphate.
Some institutions predict that by 2025, China's demand for lithium iron phosphate for phosphate ore will increase to 3.
7 million tons
.
Therefore, phosphorus chemical enterprises transform into iron phosphate and lithium iron phosphate industries, which have resource advantages and cost advantages
.

Benefiting from the geographical location advantage of Yunnan Province's rich natural resources, Yuntianhua has phosphate ore reserves of about 800 million tons, ranking first
in China.
At the same time, the company has a raw ore production capacity of 14.
5 million tons, scrubbing and beneficiation production capacity of 6.
18 million tons, and a flotation production capacity of 7.
5 million tons, making it one of
the largest phosphate mining and dressing enterprises in China.

It is worth noting that at present, Yuntianhua has cooperated with a number of enterprises to lay out the battery industry chain:

On February 16 this year, Yuntianhua and the People's Government of Yuxi City, Yunnan Province, Enjie Co.
, Ltd.
, EVE Lithium Energy and Huayou Holdings jointly signed the "New Energy Battery Whole Industry Chain Project Cooperation Agreement" in Kunming, Yunnan, agreeing that all parties will jointly establish two joint venture companies in Yuxi City, and after obtaining prospecting and mining rights in accordance with laws and regulations through the joint venture company, they will jointly mine mineral resources, carry out deep processing of minerals, jointly develop, produce and sell new energy batteries and upstream and downstream materials of new energy batteries, and drive the construction of new energy battery industry chain.
Jointly promote the formation of a new energy battery industry chain cluster
in Yuxi City.

The above-mentioned partners plan to build battery supporting projects
such as new energy batteries, lithium battery separators, iron phosphate and lithium iron phosphate and copper foil projects in Yuxi City in the future around the target mineral resources in Yuxi City.
The first phase of the project promises to invest about 18.
05 billion yuan and be completed by the end of 2023; the second phase of the project promises to invest about 33.
65 billion yuan to be completed by the end of 2025; and the third phase of the project is planned to be completed
by 2030.

In addition, the 5,000-ton lithium hexafluorophosphate and electronic-grade hydrofluoric acid projects cooperated by Yuntianhua and Polyfluoride will also reach production
one after another.
(Responsible editor: Zirui).

Original: Phosphorus chemical leader joined hands with Huayou Holdings to promote the construction of iron phosphate and lithium iron phosphate projects

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