Environmental Impact Assessment Announcement for the 6.22 billion yuan, 200,000-ton iron phosphate project in Baokang, Xiangyang

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Recently, the Baokang Branch of the Xiangyang Ecology and Environment Bureau issued the \"Second Public Notice on the Environmental Impact Assessment for Baokang Chufeng Chemical Co., Ltd.’s 200,000-ton perovskite material production project,\" marking another several hundred thousand tons of lithium iron phosphate production capacity set to be established in Hubei. The project is located in the Gucheng Chemical Industry Park in Xiangyang City. Baokang Chufeng Chemical Co., Ltd. plans to invest 620 million yuan to build a new facility for producing precursors for lithium battery cathode materials, with an annual production capacity of 200,000 tons of iron phosphate and 1 million tons of compound fertilizers. Relevant utility systems, auxiliary facilities, storage and transportation infrastructure, as well as environmental protection measures will also be established as part of this project. It is understood that the newly built 200,000-ton per year production facility for lithium battery cathode material precursors includes a grinding unit with an annual capacity of 1.2 million tons, a sulfur-based acid production unit with an annual capacity of 800,000 tons, a wet-process phosphoric acid production unit with an annual capacity of 300,000 tons, a phosphorus source purification unit with an annual capacity of 100,000 tons, an iron phosphate production unit with an annual capacity of 200,000 tons, an NPK pretreatment unit with an annual capacity of 200,000 tons, a rotary granulation compound fertilizer production unit with an annual capacity of 600,000 tons, an extrusion granulation compound fertilizer production unit with an annual capacity of 200,000 tons, and a high-tower granulation compound fertilizer production unit with an annual capacity of 200,000 tons. Among them, the grinding unit, the sulfur-based sulfuric acid production unit, the phosphate production unit, and the phosphorus source purification unit will all serve directly the production of lithium iron phosphate. The mother liquor and filter residue generated during the phosphorus source purification process will be used to produce compound fertilizers, thereby achieving full utilization of resources. Data shows that Chufeng Chemical is a typical resource-based enterprise. The company was established in 2003 and is a wholly-owned subsidiary of Hubei Xingfa Chemical Group Co., Ltd. The controlling shareholder of the latter, Yichang Xingfa Group Co., Ltd., is backed by the Xingshan County State-owned Assets Bureau. Backed by state-owned capital and Xiangyang’s abundant phosphate resources, Xingfa Group has become a globally operating enterprise with fine phosphorus chemicals at its core. As of the first half of the year, Xingfa Group held phosphate rock reserves with mining rights amounting to approximately 395 million tons, and its designed production capacity for phosphate rock was 5.85 million tons per year. In addition, it had another 410 million tons of phosphate rock resources in the exploration or exploration-to-mining transition phase (on an equity basis).