Summary: In late Nov. 2022, Malion announced that its wholly-owned subsidiary planned to build a 2.30 million t/a new energy and polymer material industrialisation project.

On 22 Nov., 2022, Malion New Materials Co., Ltd. (Malion) announced that the company signed an investment agreement with the People's Government of Xuanhan County, Dazhou City, Sichuan Province. Base on the agreement, Malion intended to increase capital of USD63.18 million (RMB450.00 million) to its wholly-owned subsidiary, Malion New Materials (Sichuan) Co., Ltd., with its own or self-raised capital. This subsidiary will construct a 2.30 million t/a new energy and polymer material industrialisation project with an investment of USD1.40 billion (RMB10.00 billion).

This project, covering an area of around 186.67 hectares, is located in Puguang Chemical Industrial Park, Dazhou City. When the whole project is completed and reaches designed capacity, it will achieve annual output value of USD2.25 billion (RMB16.00 billion). With a construction period of five years, this project is divided into three phases:

• The first phase project will establish equipment of 900,000 t/a sulphuric acid and 200,000 t/a titanium dioxide (TiO₂) with an investment of USD421.20 million (RMB3.00 billion); it is predicted to start trial production by late June 2025, with capacity of 300,000 t/a high-end plastic colour masterbatch and 600,000 t/a ferrous sulphate (FeSO₄).
• The second phase project includes devices of 1.20 million t/a sulphuric acid and 300,000 t/a TiO₂; the investment of this project is USD631.80 million (RMB4.50 billion); it is estimated to enter trial production by late June 2026, with capacity of high-end plastic colour masterbatch and FeSO₄ hitting 500,000 t/a and 900,000 t/a respectively.
• The third phase project will set up production lines of 1.50 billion m²/a li-ion power battery separator with an investment of USD351.00 million (RMB2.50 billion); it is anticipated to begin trial production by the end of 2027.

 

The first two phase projects will build sulphuric acid and TiO₂ devices which can produce and TiO₂ and by-product FeSO₄; they will directly use TiO₂ as raw material to produce white masterbatch. Therefore, Malion will not only cut down production costs but also reduce operation risks triggered by price fluctuation of TiO₂.

 

Malion was founded on 20 June, 2000, with registered capital of USD73.64 million (RMB524.47 million). The company mainly engages in manufacturing and sales of plastics, engineering-plastics and synthetic resins, special chemicals and other chemicals.