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The signing ceremony for the general contracting agreement regarding Lenovo New Materials’ 100,000-ton/year lithium battery materials and carbonate integrated plant was held recently. Author/Source: Levima Lenovo New Materials; Date: December 10, 2021; Page views: 10. Recently, the signing ceremony took place in Tengzhou. The project was awarded an EPC general contract by Sinopec Guangzhou Engineering Company. Han Weiguo, General Manager of Sinopec Guangzhou Engineering Company, and Yang Jie, Project Director; Zhao Haili, Senior Vice President and COO of Lianhong New Materials; Xie Yaping, Senior Vice President; Ding Zhenjun, Vice President; as well as the heads of relevant departments, attended the signing ceremony. Xie Yaping presided over the ceremony, while Ding Zhenjun and Yang Jie signed the agreement on behalf of both sides. Image: The total investment in Lianhong Xinke’s 100,000 tons per year lithium battery materials – carbonate production facility is approximately 580 million yuan; the commissioning of this facility is scheduled for the end of 2022. Once the project is in full operation, it will be able to produce 50,000 tons of ethylene carbonate (EC) per year, 52,600 tons of ethyl methyl carbonate (EMC) per year, 7,200 tons of diethyl carbonate (DEC) per year, as well as 43,600 tons of ethylene glycol as a by-product. Carbonate-based products can be used as solvents for lithium battery electrolytes. Currently, the market demand for lithium batteries and electrolytes is growing rapidly. It is expected that by 2025, the global demand for solvents in lithium-ion battery electrolytes will experience an average annual compound growth rate of 40%. As the main component in lithium battery electrolytes, carbonate solvents account for about 80% of the electrolyte’s mass. There is continuous strong demand for them, resulting in a large market potential. For the 100,000 tons per year lithium battery materials – carbonate production complex project of Lianhong New Materials, the main raw materials required, namely ethylene oxide, carbon dioxide, and methanol, are all produced by the company itself. This integration with the company’s existing industrial chain enables the recycling and comprehensive utilization of resources, resulting in a significant cost advantage. Approximately 50,000 tons of carbon dioxide can be consumed during the production process each year, which is fully in line with the goals of carbon neutrality and sustainable development; it offers good economic, environmental, and social benefits.