Recently, a filing from Dynanonic Co., Ltd. shows that the company plans to sign an investment agreement with the People's Government of Luquan Yi and Miao Autonomous County to build a new Luquan Dynanonic Green Phosphorus-Based New Energy Material Industry Chain Integration Project, with a planned total investment of Yuan 6.3 billion. The project will include a new production line for 300,000 tonnes per year of phosphate-based cathode materials and a supporting 270,000 tonnes per year of nitric acid facility. The construction period is set at 24 months, and the funds will come from the company's own resources and self-raised funds.
At the same time, Dynanonic plans to sign an investment agreement with the People's Government of Zhanyi District, Qujing City, to build a new Dynanonic Lithium Battery New Material Integration Project in the Qujing High-tech Industrial Development Zone. This project will mainly construct a production line for 200,000 tonnes per year of new phosphate-based materials, along with supporting auxiliary facilities for fire protection, environmental protection, R&D, and office functions. The estimated total investment is approximately Yuan 2.4 billion.
Edited by Cassie Li, lixiangying@mysteel.com
