On May 15, 2024, Jizhong Energy Group held the groundbreaking ceremony of 300,000 tons of nitrate energy storage new material project in Fengfeng Group Feng Coal Coking Co., LTD. At this important moment, Liu Jian, Party secretary, chairman and general manager of Jizhong Energy Group, personally attended and delivered a speech, emphasizing the importance and far-reaching significance of the project. Jizhong Energy Group's chief engineer Zhang Dangyu was responsible for presiding over the entire groundbreaking ceremony to ensure the smooth progress of the event.

Project profile

Jizhong Energy Group 300,000 tons of salt energy storage new material project is located in Fengfeng mining area and villages, Handan City, covering an area of about 194 acres, with a total investment of 890 million yuan. The project will mainly produce sodium nitrite, sodium nitrate and potassium nitrate, with an estimated annual output of 180,000 tons, 120,000 tons and 100,000 tons, respectively. After the completion of the project, the annual sales revenue is expected to reach 1.17 billion yuan.

After the completion of the project, Fengfeng mining area will become the largest production base of nitro molten salt energy storage materials in China, and the domestic market share of two sodium products will reach 30-40%, further enhancing the market position of Jizhong Energy Group. The implementation of the project will drive the development of local related industries, improve the level of regional economic development, provide more local employment opportunities, and improve people's well-being.

Chairman Liu Jian delivered a warm speech. He stressed that the official start of the 300,000 tons of salt energy storage new material project is a big leap in the industrial layout of Jizhong Energy Group, marking the company's transformation and upgrading has entered a new stage of development. This project is not only a key step for the company to cultivate new momentum, strengthen the extension and optimization of the industrial chain, but also an important strategic measure for them to integrate resources, realize the combination of strong and strong, and give play to their respective advantages. The launch of this project has laid a solid foundation for the Group to build a new chemical materials industry cluster in southern Hebei Province, and has played an important demonstration and leading role in promoting the high-quality development of the Group.Editor/Zhang Liyuan