Anada (002136.SZ) subsidiary plans to invest 3.298 billion yuan to build a battery-grade iron phosphate integration project with an annual output of 300,000 tons

According to Zhitong Finance App, Anada (002136.SZ) announced that Tongling Huatai New Energy Materials Co., Ltd., a wholly-owned subsidiary of the company, plans to invest in the construction of a battery-grade integrated project with an annual output of 300,000 tons of new energy materials. The total planned investment of the project is 3.298 billion yuan. The funding comes from various methods such as own funds and bank loans, and the project construction period is 18 months. The main construction content of the project is a battery-grade iron phosphate production plant with an annual output of 300,000 tons and a rutile titanium dioxide production plant with an annual output of 150,000 tons, as well as supporting construction of public works, auxiliary facilities and environmental protection facilities.

Through the “titanium dioxide-iron phosphate” co-production model, the investment project converts ferrous sulfate heptahydrate, a by-product of the titanium dioxide production process, into battery-grade iron phosphate with high added value, to achieve resource coupling and recycling, and enhance the economic value of the by-products. The project can achieve collaborative use of solid waste in the chemical and new energy materials industries, which is conducive to enhancing the company's market competitiveness in the field of new energy battery materials.