Hunan Fubang New Materials’ expansion project, with a total investment of 350 million yuan, aims to produce 10,000 tons per year of lithium bis(fluorosulfonylimide)

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On April 28, Shenzhen New East Polymer Technology Co., Ltd. issued a announcement stating that it intends to use its holding subsidiary, Hunan Fubang New Materials Co., Ltd., as the main entity for project implementation. The company plans to invest in and construct an expansion project for the production of 10,000 tons per year of lithium bis(fluorosulfonyl)imide in the Songmu Economic Development Zone, Shigu District, Hengyang City, Hunan Province. The total planned investment for the project is expected to be no more than 350 million yuan, with a construction period of no longer than two years. The announcement states that the entity responsible for carrying out this investment is Hunan Fubang, which is a holding subsidiary of Xinzhoubang. Xinzhoubang holds 51.189% of its shares, while Nippon Catalyst Co., Ltd. holds 38% of the shares, Toyota Tsusho (Shanghai) Co., Ltd. holds 5.5% of the shares, and Changsha Xinlian Huayuan New Energy Partnership (Limited Partnership) holds 5.311% of the shares. Hunan Fubang was established in August 2018, focusing on the research, development, manufacturing, and sales of specialty materials for the electronics industry. Basic project information: Project name: Expansion and renovation project of Hunan Fubang New Materials Co., Ltd. for an annual production capacity of 10,000 tons of lithium bis(fluorosulfonylimide) ； Implementing entity: Hunan Fubang New Materials Co., Ltd ； Construction site: No. 11, Yunsheng Road, Songmu Economic Development Zone, Shigu District, Hengyang City, Hunan Province ； Project investment budget: The total investment shall not exceed 350 million yuan. The actual total investment will be determined based on the actual implementation of the project ； Construction period: The construction period shall not exceed 2 years, and it will be carried out in two phases; the actual construction time will depend on the actual investment and implementation progress ； Source of funds: Company-owned funds and self-raised funds ； Construction content and scale: This project will be constructed in two phases, and upon completion it will have an annual production capacity of 10,000 tons of lithium bisfluorosulfonylimide (LiFSI). One of these phases involves renovation and expansion within the existing factory facility, to achieve a production capacity of 3,000 tons per year; operation is scheduled to begin in 2026 ； In the second phase, new production facilities and supporting systems will be constructed to achieve an annual production capacity of 7,000 tons; commissioning is scheduled for 2027. The project also includes the construction of auxiliary facilities such as utility systems, environmental protection measures, safety systems, and storage areas. The announcement stated that in recent years, the lithium battery industry chain has developed rapidly; various performance indicators of lithium batteries have been continuously improved, and the requirements for upstream electrolyte solutions have also risen accordingly. Lithium bis(fluorosulfonylimide) (LiFSI) is a new type of lithium salt that, compared to lithium hexafluorophosphate, features high electrical conductivity, good thermal stability, and excellent performance at low temperatures; it has thus become an important component in the electrolytes of lithium-ion batteries. Benefiting from the continuous development of the lithium battery industry chain, the demand for LiFSI is rising steadily, and it is expected to experience rapid growth in the coming years.