Core Viewpoint - The company is set to invest in a new oxalic acid project based on its existing ethylene glycol project in Sichuan, with a total investment of 350 million yuan, expected to commence production by the end of Q2 2026 [1] Company Summary - The oxalic acid project will utilize DMO as an intermediate product through hydrolysis, also producing hydrogen as a byproduct [1] - The company has established a strategic partnership with Fulin New Energy Technology Co., Ltd., ensuring clear sales channels for the oxalic acid produced [1] Industry Summary - The downstream applications of oxalic acid include new energy materials and chemical intermediates, indicating stable demand [1] - The industry faces supply constraints due to process, environmental, and capital limitations, contributing to price and profitability resilience [1]
万凯新材：草酸项目明年二季度末投产，已锁定下游合作渠道