Core Viewpoint - Company Sains announced a partnership with Tongling Ruijia Special Materials Co., Ltd. to establish a subsidiary, Tongling Longrui Chemical Co., Ltd., focusing on a high-purity sodium sulfide project with an annual production capacity of 60,000 tons and a total investment of 210 million yuan [1] Group 1: Project Details - The high-purity sodium sulfide project is expected to meet the growing demand in the market, with the global sodium sulfide market projected to reach approximately $13 billion by 2025, growing at a compound annual growth rate of 4.9% [1] - The project will be constructed in two phases: the first phase will have a capacity of 20,000 tons per year and is expected to be completed in 7 months, while the second phase will have a capacity of 40,000 tons per year with a construction period of 12 months [1] - The project is strategically located in the Binjiang Industrial Park of Tongling Economic Development Zone, aligning with local industrial planning and benefiting from existing infrastructure [2] Group 2: Technological and Environmental Aspects - Sains' production technology for high-purity sodium sulfide is derived from its core environmental business, utilizing a hydrogen sulfide synthesis technique that minimizes waste emissions and maximizes raw material utilization [2] - The technology has undergone small-scale, pilot, and industrial trials, with some products already validated by downstream PPS manufacturers [2] Group 3: Strategic Implications - The new business initiative is expected to increase capital expenditure and cash outflow in the short term, but it is anticipated to positively impact the company's business layout and operational performance in the long run [3] - The establishment of Longrui Chemical will not alter the control situation of the company's actual controller, ensuring continuity in governance [2]
赛恩斯:拟投建年产6万吨高纯硫化钠项目,抢占特种材料市场