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Ten years of rapid development in chemical technology – praise for China’s prosperity and strength. This is just a starting point; more participation will make things even more lively. HaiChuan becomes even better with you here; we welcome everyone to engage more in discussions on this forum. The fragrance of rice flowers in August ----------------------------------------- On the morning of August 16, 2023, the first domestic project of its kind using green manufacturing processes to produce 400,000 tons of lithium iron phosphate precursors at low temperatures and with high performance, began construction in Binzhou. It is understood that the total investment in this project is around 3 billion yuan, and it covers an area of 168 mu. The ferric phosphate products produced by this project, which feature high purity, high efficiency, low impurities, and no waste generation, are mainly used in the production of lithium iron phosphate and lithium manganese iron phosphate materials for use in batteries for new energy vehicles and energy storage systems. Once operational, the project is expected to generate an annual output value of 5.2 billion yuan and annual profits and taxes of 1.7 billion yuan. At the same time, the project will bring to the market ferric phosphate products with higher performance, greater stability, lower costs, and improved environmental compatibility, thereby contributing to the higher-quality development of industries such as new energy vehicles. Iron phosphate is one of the main raw materials used in the production of lithium iron phosphate cathode materials. With the rapid development of the new energy vehicle and energy storage industries, the demand for lithium iron phosphate has seen explosive growth. As a result, the supply of its precursor, iron phosphate, also increased sharply, leading to structural overcapacity – with a shortage of high-end production capacity while mid-to-low end capacities are excess. Against this backdrop, JiuHuan Energy Storage Technology Co., Ltd., while steadily developing its existing business, is actively responding to the **\"dual carbon\" strategy and the requirements for transforming the economic structure in Shandong Province, by making significant efforts to develop the new energy storage industry. The research team led by Li Changming and headed by Xin Minchang, through 5 years of innovative research and development, introduced a completely new production process for iron phosphate as well as a new material system for iron phosphate precursors, the first of its kind in China. This process enables the production of iron phosphate, while also yielding an equal amount of export-grade, high-value-added product in the form of salt. This salt has a high purity and can be used directly in the metallurgical industry; there is a large demand for it in overseas markets.