Yuntianhua: Subsidiary Plans to Invest in Green Demonstration Project for New Energy Battery Precursor Material Supporting Sulfur Circulation and Other Projects
Yunnan Yuntianhua Co., Ltd. has announced plans for two significant investment projects through its subsidiaries. Tian'an Chemical will invest 474 million yuan in a green demonstration project for sulfur cycle in new energy battery precursor materials, with additional funding from bank loans. Concurrently, Environmental Protection Technology will invest 348 million yuan in a demonstration project for resource recycling of phosphogypsum to produce cement and sulfuric acid, also utilizing bank loans for the remaining capital. AI
IMPACT These investments signal a move towards sustainable practices and material supply chains critical for the growing new energy sector.