Shandong Shida Shenghua Chemical Group Company Limite(603026) on December 27, the production plans of several projects were disclosed. According to the announcement, Shenghua new energy technology (Dongying) Co., Ltd., a wholly-owned subsidiary of the company, plans to invest in the construction of 20000 t / a silicon-based cathode project, 11000 T / a additive project and 100000 t / a methyl ethyl carbonate plant project. The total investment of the project is expected to be 1.5 billion yuan. The construction site of the project is Kenli District, Dongying City, Shandong Province. The construction cycle is 24 months. It is expected to be completed and put into operation in December 2023.
The announcement shows that after the completion of the above projects, it is expected to achieve an average annual operating revenue of 4.05 billion yuan and a net profit of 430 million yuan. The profitability of the projects is higher than the industry average.
In recent years, affected by the rapid development of the downstream new energy vehicle industry, the demand for lithium battery materials has continued to increase. At the same time, in terms of battery performance, the demand for high energy density is higher and higher. As an important direction to improve the energy density of batteries, the demand for silicon-based cathode materials will increase year by year.
At present, the company has five major carbonate, lithium hexafluorophosphate and power battery additive products, and has become a high-quality raw material supplier for many lithium-ion battery manufacturers at home and abroad. The construction of the silicon-based negative electrode project is an extension of the company’s business in the new energy industry, giving full play to the company’s resource advantages in the new energy field, improving product added value, increasing profit growth point, and forming synergy with the company’s existing business.
In addition, the company continues to increase the capacity of electrolyte raw materials. The 11000 T / a additive project invested and constructed this time will give full play to the company’s existing technology and marketing advantages, meet the company’s strategic layout needs in the field of new energy materials, and further enhance the company’s influence and stable profitability in the field of new energy materials.
In terms of solvents, the 100000 t / a methyl ethyl carbonate project invested and built by the company also deserves attention. Methyl ethyl carbonate is an excellent electrolyte solvent for lithium-ion batteries. It is the latest product with the increase of the output of dimethyl carbonate and lithium-ion batteries. Methyl ethyl carbonate is widely used in the electrolyte solvent of lithium ion battery, accounting for about 35%. In order to improve the energy density, ternary materials continue to develop towards high nickel. The demand for methyl ethyl carbonate in the electrolyte of high nickel battery is higher. The development of high nickel battery drives the rapid growth of the demand for methyl ethyl carbonate.
The company said that the investment in the construction of 100000 t / a methyl ethyl carbonate unit project can meet the company’s strategic layout needs in the field of new energy materials, further enhance the company’s influence in the field of new energy and promote the improvement of the company’s core competitiveness.
(Shanghai Securities News · China Securities Network)
