On November 19, Sichuan Development Lomon announced that as of now, the progress of the company's new energy materials segment projects is as follows.
First, regarding the lithium iron phosphate (LFP) project, the 60,000-tonne-per-year LFP facility in the Deyang-Aba (De'a) project has been fully completed and put into operation. Meanwhile, the company's wholly-owned subsidiary, Deyang Sichuan Development Lomon, plans to collaborate with Jiangxi Shenghua, a subsidiary controlled by Fullin Precision, to build a 175,000-tonne-per-year high-density LFP project. The two parties will jointly establish a joint venture company, Fullin Lomon New Materials Co., Ltd. (subject to the final approval by the market supervision authorities).
Second, regarding the ferric phosphate project, the 100,000-tonne-per-year ferric phosphate facility in the De'a project is currently undergoing equipment water testing and integrated debugging for a single production line. In the Panzhihua project, some units of the 50,000-tonne-per-year ferric phosphate production line have already achieved stable operation.
Third, regarding the LiH2PO4 project, the company's wholly-owned subsidiary, Deyang Sichuan Development Lomon, plans to invest Yuan 366 million in the Deyang-Aba Ecological Economic Industrial Park in Mianzhu City, Sichuan Province, to build a 100,000-tonne-per-year LiH2PO4 project. This project will provide raw materials for the production of high-density LFP via the ferrous oxalate route.
Edited by Cassie Li, lixiangying@mysteel.com
