Total investment of 6 billion yuan; EIA public notice for Yihua's 1 million-ton lithium iron phosphate project

Recently, the Yichang Ecology and Environment Bureau officially released the public consultation draft of the environmental impact report for Hubei Yihua Group's 1 million tons/year lithium iron phosphate project. This marks the steady progress of the environmental impact assessment (EIA) for this major new energy material project and accelerates its implementation process.

The current EIA disclosure reveals that the project investment entity has been adjusted from the original Hubei Yihua Group Co., Ltd. to its subsidiary, Hubei Yihua New Energy Technology Co., Ltd.. The project is located in Zone B of the Yichang Yaojiagang Chemical Park, with a total investment of 6 billion yuan. It plans to construct production facilities with an annual capacity of 1 million tons of lithium iron phosphate.

According to the plan, the project will be advanced using a phased construction and multi-process layout model. The first phase, relying on the iron process, will build a 150,000 tons/year lithium iron phosphate production line. The second phase will simultaneously lay out two production lines: one using the iron process to build a 350,000 tons/year lithium iron phosphate facility, and the other using the ammonium process to build a 500,000 tons/year lithium iron phosphate facility. The production process will by-produce hydrogen, ammonium sulfate, and other products. All main products and by-products are planned for external sales to achieve efficient resource utilization and value maximization.

While intensively deploying in the new energy and new materials sector, multiple key projects of Yihua Group are steadily landing simultaneously. In the first quarter of this year, the company's 1 million tons/year phosphorus-fluorine new materials and supporting projects located in the Hubei Yihua New Energy Materials Industrial Park officially commenced construction. Additionally, the 600,000 tons/year lithium iron phosphate project, also located in the Yichang Yaojiagang Chemical Park, is accelerating its preliminary work and construction.

With a series of major projects, including lithium iron phosphate, lithium iron phosphate, and phosphorus-fluorine new materials, being successively publicized, commenced, and constructed, Yihua Group has formed an integrated upstream and downstream industrial chain layout of phosphorus chemical industry — lithium iron phosphate — lithium iron phosphate. The group continues to increase its investment in the new energy power battery materials sector, further consolidating its core position in the regional new energy industry.