You are now at: Home » News » BATTERY » News » Industry News » Content

Another chemical company enters lithium iron phosphate

Large  Small Date:2021-09-24  From:ICC Battery
On the evening of September 21, SIERTE announced that the company intends to sign a cooperation framework agreement with Yongy Investment Holding Group Co., Ltd. (hereinafter referred to as "Yongy Holdings") and AVIC Trust Co., Ltd. (hereinafter referred to as "AVIC Trust"). Cooperate in the development of phosphate rock resources, and the two parties will jointly cooperation in production of iron phosphate and lithium iron phosphate products.

 
According to the announcement, all parties agreed that SIERTE will cooperate with Yongy Holdings to jointly invest and develop Guizhou Lufa Industrial Co., Ltd. (hereinafter referred to as "Guizhou Lufa"), a wholly-owned subsidiary of the company, and acquire a total of 70% of the equity in Guizhou Lufa It was transferred to Yongy Holdings in two times (51% equity and 19% equity).
 
Among them, after the completion of the registration procedures for the industrial and commercial change of the 51% equity transfer of Guizhou Lufa, SIERTE and Yongy Holdings will set up two joint venture companies to carry out cooperative production of lithium iron phosphate and iron phosphate respectively.
 
According to the agreement, under the premise of satisfying the prerequisites stipulated in the agreement, SIERTE will cooperate with Yongy Holdings to conduct cooperative investment and cooperation in Guizhou Lufa Industrial Co., Ltd. (hereinafter referred to as "Guizhou Lufa"), a wholly-owned subsidiary of the company. The estimated total investment is 2 billion yuan, with the target output of lithium iron phosphate is 50,000 tons/year. The target output of the first phase is 10,000 tons/year, the second phase is 20,000 tons/year, and the third phase of the project target output is 20,000 tons/year, and the total annual output is about 50,000 tons. Among them, SIERTE has a 70% stake in the lithium iron phosphate Company, while Yongy Investment holds a 30% stake.
 
According to the data, SIERTE 's main business is the production of phosphate compound fertilizers and the trade of various fertilizers. The main products are high-concentration slow-release NPK compound fertilizer series products and monoammonium phosphate, as well as intermediate products include sulfuric acid and phosphoric acid. 
 
Regarding this cooperation, SIERTE stated that Guizhou Lufa, a wholly-owned subsidiary, has high-quality phosphate ore resources, Yongy Holdings has rich lithium resources and a complete lithium energy industry chain, and AVIC Trust is a domestic financial company. Large trust companies with abundant resources in the market.
 
The signing of the tripartite agreement aims to promote the development and utilization of existing phosphate rock resources, improve the company’s phosphate chemical industry layout, enter the field of new energy materials, and further enhance the company’s market competitiveness, which is conducive to the further expansion of the company’s business areas and core resources, so as to comprehensively enhance the company's core competitiveness.
 
Since this year, investment in the field of lithium iron phosphate batteries and their materials has been hot, leading companies have expanded production, and listed companies have rushed into the game. Only in the second half of the year, there have been 15 new investment projects in this field, with an investment amount of over 43 billion yuan.
 
Since May this year, the output of lithium iron phosphate batteries has surpassed that of ternary batteries, and has maintained the lead for 4 consecutive months. At the same time, the installed capacity of lithium iron phosphate batteries on electric vehicles has also surpassed that of ternary batteries since July this year.
 
The rapid increase in the application of lithium iron phosphate batteries has also driven up the market price of lithium iron phosphate. According to the latest data, on September 22, companies such as Dynanonic, BTR, Pulead, Guanghua Technology and other companies quoted 63,000 yuan/ton for high-quality lithium iron phosphate, up 26% or 50,000 yuan/ton compared with the average price on July 2nd. 
 
From a long-term perspective, it is estimated that lithium iron phosphate batteries and ternary lithium batteries have their own advantages and disadvantages due to their performance and application scenarios. In the future, they will appear to go hand in hand.
 
 
[ NewsSearch ]  [ Add to Favourite ]  [ Publicity ]  [ Print ]  [ Close ]

 

 


Copyright © Shanghai Xinluo Network Technology Co.,Ltd
Address: 1203 Hengrui International Building,560 Zhang Yang road, Pudong New Area , Shanghai
The customer service telephone: +86 18601625902
E-mail: peter@iccsino.com   沪ICP备11004255号-3
Wechat: 18601625902

Scan to Wechat

Scan to APP