Binzhou Jiuhuan's 400ktpa iron phosphate project breaks ground
2023-08-17 11:47:18 [Print]
The phase one of the 400,000tpa iron phosphate project developed by Binzhou Jiuhuan Xinyue New Energy Materials Co
With total investment estimated at RMB3 billion (USD410 million) and a land area of 168Mu (11.2 hectares), the project produces high-performance and eco-friendly iron phosphate mainly used for producing LFP and LMFP, which are key raw materials for NEV batteries . Upon completion, the project is expected to generate annual production value of RMB5 . 2 billion (USD711 million) and tax revenue of RMB1 . 7 billion (USD232 million).
. , Ltd . broke ground on August 16, marking the start of construction of China's first green and low-temperature LFP precursor production line.With total investment estimated at RMB3 billion (USD410 million) and a land area of 168Mu (11.2 hectares), the project produces high-performance and eco-friendly iron phosphate mainly used for producing LFP and LMFP, which are key raw materials for NEV batteries . Upon completion, the project is expected to generate annual production value of RMB5 . 2 billion (USD711 million) and tax revenue of RMB1 . 7 billion (USD232 million).