CNGR to invest RMB10 billion in constructing LFP integration project
2021-12-10 15:51:06 [Print]
On December 9, CNGR announced that it plans to invest about RMB10 billion (USD1
. 57 billion) in constructing a 200,000tpy ferric phosphate and LFP material integration project in Kaiyang county, Guangdong province, and matching production facilities including phosphorite-based phosphoric acid, yellow phosphorus and MAP (monoammonium phosphate), as well as phosphorite mining facilities so as to guarantee the annual 220,000t LFP production . The project will be built via three stages with a construction cycle of 33 months.