Pangang (SZ:000629)2023-02-22 11:31Production Capacity - The company currently has a production capacity of 220,000 tons/year for sulfate titanium dioxide and 15,000 tons/year for chloride titanium dioxide [2] - A new project for 60,000 tons/year of molten salt chloride titanium dioxide is under construction, aiming for early production [2] Strategic Partnerships - In September 2021, the company signed a strategic cooperation agreement with Dalian Rongke, establishing Sichuan Vanadium Rongke Energy Technology Co., Ltd., with a planned production line of 2,000 cubic meters/year for electrolyte [3] - A framework agreement for 2023 was signed to supply approximately 8,000 tons of vanadium products to Dalian Rongke, potentially making up nearly 20% of the company's vanadium products used in energy storage [3] Market Outlook - The National Energy Administration reported that new installed capacity for wind and solar power exceeded 120 million kilowatts in 2022, indicating a growing demand for large-scale long-duration energy storage [3] - The company is closely monitoring the development of all-vanadium flow battery projects, which are experiencing rapid growth in both number and scale [3] Fundraising and Regulatory Compliance - The company is in the process of submitting documentation for a private placement of shares to the Shenzhen Stock Exchange, adhering to relevant regulatory requirements [4]