Phosphorus chemical gaint enters into new energy sector

    Guizhou Phosphate Chemical New Energy Technology Co., Ltd. (Phosphate New Energy), a subsidiary of Guizhou Phosphate Chemical Group Co., Ltd. (Guizhou Phosphate Chemical Group), successfully tested the 10,000 t/a LiPF₆ project on 11 Nov.   

    Highlights of the project are indicated as follows:   

    With a registered capital of USD278.64 million (RMB2 billion), Phosphate New Energy was established in Dec. 2021. The largest shareholder, Guizhou Phosphate Chemical Group, holds 45% of the company, while Contemporary Amperex (Guizhou) Materials Co., Ltd., a wholly-owned subsidiary of Contemporary Amperex Technology Co., Limited, holds 35%. Phosphate New Energy speicialises in the R&D, manufacturing, and sales of new energy materials and related electronic chemicals such as phosphorus-based cathode materials and their precursors, fluorine-based electrolytes, and electrolytes, as well as the recycling of waste batteries, etc. It now can produce 60,000 t/a of iron phosphate and 100,000 t/a of LFP, and recycle 10,000 t/a of batteries.   

    Guizhou Phosphate Chemical Group was founded in Sept. 2012 and registered with a capital of USD835.91 million (RMB6 billion). Known as a large state-owned enterprise governed by the Guizhou State-owned Assets Supervision and Administration Commission, the company is heavily involved in the phosphorus chemical industry, with its major business lines being phosphorus ore mining and processing, phosphorus compound fertiliser, fine phosphorus chemicals, sulfur coal chemicals, and fluorine and iodine chemicals.   

    In 2021, Guizhou Province became the first province in China to have a provincial-level support policy that is specifically focused on the new energy battery and material industry. Because of the advantages that Guizhou Phosphate Chemical Group has in the phosphorus chemical sector, the 10,000 t/a LiPF₆ project will enable the company enter the new energy industry and will address Guizhou province's "One Core and Two Districts" development pattern. ["One Core" refers to using the two key phosphorus chemical industry bases, "Kaiyang County - Xifeng County" and "Weng'an County – Fuquan County", as the core to create new energy batteries and supporting industrial clusters and develop the phosphorus and fluorine-based battery materials industry belts; "Two Districts" refers to the New Energy Battery & Material Industry Cluster in Tongren City and in Xingyi City, Southwestern Guizhou Province. The purpose of these two locations is to expedite the development of industry clusters specialising in battery materials and raw & auxiliary materials, which are represented by ternary cathode materials and raw & auxiliary materials.