Yuntianhua: Establishes a subsidiary to advance the development of 500,000 tons per year of new material precursors for lithium iron phosphate batteries and related projects

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Yuntianhua: Establishes a subsidiary to advance the 500,000-ton/year production project for new materials precursors for lithium iron phosphate batteries and related facilities. Author/Source: Yuntianhua. Date: December 3, 2021. Clicks: 7. On the evening of November 26, Yuntianhua (600096) announced that in order to accelerate the development of this 500,000-ton/year production project for new materials precursors for lithium iron phosphate batteries and related facilities, the company plans to invest 1 billion yuan to set up a wholly-owned subsidiary named Yunnan Yuntian Energy New Materials Co., Ltd. (provisional name) in the Caopu Chemical Industry Park of Anning Industrial Park in Yunnan Province, so as to take charge of the construction and operation of this project. The total estimated investment for this project is 7.286 billion yuan, and this investment is included in the costs related to the production of 500,000 tons per year of new precursor materials for lithium iron phosphate batteries and the associated facilities. “First Public Information Disclosure on Public Participation in the Environmental Impact Assessment of Yunnan Tianan Chemical Co., Ltd.’s 300,000-ton/year Project for New Battery Materials Precursors and Related Facilities. Publication date: November 23, 2021. In accordance with the “Measures for Public Participation in Environmental Impact Assessment” issued by the Ministry of Ecology and Environment of the People’s Republic of China (Order No. 4 of the Ministry of Ecology and Environment), the relevant information regarding the environmental impact assessment for the “300,000-ton/year Project for New Battery Materials Precursors and Related Facilities” is hereby disclosed. The details are as follows: I. Overview of the construction project Project name: Yunnan Tianan Chemical Co., Ltd.’s 300,000-ton/year Project for New Battery Materials Precursors and Related Facilities Nature of the construction: New construction Location: Caopu Sub-district, Anning Industrial Park, Yunnan Province Scope and content of the construction: The project involves the construction of a 100,000-ton/year phosphoric acid refining facility, a 200,000-ton/year hydrogen peroxide production facility (at a concentration of 27.5%), two facilities for producing iron phosphate cathode material precursors (one using the iron method and the other using the ammonium method), a power station, and various supporting utility facilities. The product is iron phosphate; the intermediate products are industrial-grade phosphoric acid and industrial-grade hydrogen peroxide; the by-products are raffinate acid, sulfuric acid AN, and monoammonium phosphate. Total investment: 5,607.75 million yuan. II. Basic Information of the Project Owner and the Environmental Impact Assessment Agency (1) Project Owner Company Name: Yunnan Tianan Chemical Co., Ltd