Core Viewpoint - The company, Wankai New Materials, announced an investment of approximately 350 million yuan to enhance its production capacity of maleic acid through a technical transformation project, which aims to produce 100,000 tons of maleic acid and 8,939 Nm/h of hydrogen annually [1] Group 1: Project Details - The project will be constructed by the company's wholly-owned subsidiary, Sichuan Zhengda Kai Investment, with a construction period of 9 months [1] - The project aims to improve the utilization rate of existing ethylene glycol facilities, diversify product offerings, and strengthen market resilience [1] Group 2: Market Context - The demand for maleic acid is increasing due to the rapid development of the lithium battery industry, making it a core growth area for domestic applications [1] - Maleic acid is primarily used in the production of lithium iron phosphate through the ferrous maleate method, which can produce high-density, low-cycle degradation high-end lithium iron phosphate products [1]
万凯新材：计划投资3.5亿元建设年产10万吨乙二酸技改项目