200,000-ton-per-year iron phosphate project

Unit：	Shanghang County key project development service Center
Project Area：	longyan-yongding Shanghang Jiaoyang New Materials Industrial Park
Industry：	New Materials Industry
Type of Project:	New Project
Cooperation Mode：	Individual Proprietorship,Joint Venture
Nature of Project：
Working Progress in Prior Period：	Market research has been completed
Total Investment：	1300 million yuan
Expected to Attract Investment：	1300 million yuan
Content and Scale：	【Construction Scale and Content】The project will be developed in two phases: Phase I involves an investment of approximately 200 million RMB, where Caik Energy New Materials and Zijin Lithium establish a joint venture to upgrade the existing phosphate iron plant operated by Zijin Lithium, increasing production capacity from 20,000 tons to 70,000 tons. Upon full operation, annual output value is expected to reach 850 million RMB, with tax revenue of around 30 million RMB. Phase II plans an investment of 1.1 billion RMB, adding 100 mu (approximately 6.7 hectares) of land and expanding production capacity by about 130,000 tons. Combined, both phases will add approximately 200,000 tons of new capacity, generating an estimated annual output value of 2.4 billion RMB and tax revenue of 100 million RMB. 【Rationale and Conditions for Construction】The project aligns with national policies on new energy and energy storage industries. It benefits from the surge in demand for phosphate iron driven by the booming new energy vehicle and energy storage markets. Leveraging the company’s proprietary "one-step" iron-based process technology, the project offers advantages including low cost, strong environmental performance, and stable product quality, enabling effective capacity expansion, increased market share, and improved profitability. The site is located in an area with well-developed industrial infrastructure, abundant supply of raw materials such as phosphorus and iron, reliable energy and transportation support, and favorable policy backing at multiple levels. The company already possesses mature production management and environmental safety systems, ensuring excellent construction conditions.

Industry

New Materials

The development of Fujian's new materials industry is accelerating, with increasing industrial clustering effects, gradual improvement of the innovation system, and continuous enrichment of new material varieties. A group of leading backbone enterprises has been cultivated, including CATL, San'an Optoelectronics, Wanhua Chemical (Fujian), Xiamen Tungsten, Fuyao Glass, Tsingshan Group, Zijin Mining Group, Highsun Group, and Eversun Group. Leveraging the driving role of these leading enterprises, Fujian has established a number of distinctive new materials clusters with certain influence domestically and internationally, focusing on optoelectronic information materials, advanced chemical materials, new energy materials, advanced non-ferrous metal materials, rare earth new materials, stainless steel, and advanced textile functional materials. 4 industrial clusters have been selected as national-level characteristic clusters for small and medium-sized enterprises: the Fuzhou Changle Textile New Materials Cluster, the Shaowu Fluorine New Materials Cluster, the Jinjiang Sports Shoes Raw and Auxiliary Materials Cluster, and the Wuping Display Module and Material Manufacturing Cluster. The Ningde Wanwu Stainless Steel Industrial Park has been recognized as a national-level new industrialization demonstration base.

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