Recently, Conch Venture Holdings Co., Ltd. ushered in another milestone moment in the field of new energy: its first LFP lithium iron phosphate energy storage project officially started construction in Wuhu Economic and Technological Development Zone. The launch of this project marks a solid step forward in promoting the development of the new energy industry and the green and low-carbon transformation.

The LFP energy storage project planned and constructed by Conch Venture is an important part of its overall planning project with an annual output of 500,000 tons of lithium iron phosphate cathode materials. The total investment of the project is about 15 billion yuan, and the planned land is about 1,100 acres, which will be completed in phases. The first phase of the project has an annual production capacity of 50,000 tons, and since the signing of a cooperation agreement with the Management Committee of Wuhu Economic and Technological Development Zone on October 8, 2021, the project has advanced rapidly, and the civil works have been completed by 70%, the steel structure has been completed by 85%, and the public and auxiliary facilities have been completed by 60%, and it is expected to be completed and put into operation by the end of September 2024.

The person in charge of Conch Venture New Energy Company said that the first phase of the project adopts nano-solid-phase synthesis technology, and makes lithium iron phosphate cathode materials from the three main raw materials of iron phosphate, lithium carbonate and organic carbon source through production processes such as high-precision batching, nano-grinding, precision calcination and fine crushing. This technology not only improves the energy density and cycling performance of the product, but also ensures the safety and stability of the product. The small-scale sample has been communicated with downstream battery manufacturers and has been recognized to meet the market demand.

In addition to the production of lithium iron phosphate cathode materials, Conch Venture also actively lays out energy storage power station projects. Combined with the actual situation of high power consumption of Conch Cement Plant, Conch Entrepreneurship plans to build an energy storage power station to implement power demand-side management and improve energy efficiency. This initiative will not only help the conch cement plant itself to save energy and reduce emissions, but also provide strong support for market promotion.

Conch Venture's energy storage project is not limited to battery production, but also includes battery recycling business. The company's goal is to build a whole industry chain of lithium batteries, realize the recycling of valuable metals in waste batteries, and form a circular economy. At present, the battery recycling pilot line has been put into operation, laying a solid foundation for the company's sustainable development.

The layout of Conch Entrepreneurship in the field of new energy is far more than that. The company is also planning to build an anode material project with an annual output of 200,000 tons in Leshan City, Sichuan Province, and the first phase of the 40,000-ton project has actively carried out preliminary work. This series of measures demonstrates Conch Venture's firm confidence in the development prospects of the new energy industry, as well as its determination to quickly enter the upstream material industry of lithium battery.

Conch Entrepreneurship has also achieved remarkable results in technological innovation and cost reduction and efficiency increase. The company and equipment manufacturers have jointly developed a new type of sintering furnace to improve production efficiency; At the same time, we have increased the investment in intelligent equipment, and designed a set of intelligent control system to intelligently identify from the raw material feeding, which is convenient for product traceability and quality control. These measures have effectively reduced production costs and improved product quality and market competitiveness.

With the transformation of the global energy structure and the concept of green and low-carbon development, the start of construction of Conch Venture's first LFP energy storage project has undoubtedly set a benchmark for the industry. The project will not only help promote the development of the new energy industry and the green and low-carbon transformation, but also bring considerable economic and social benefits to Conch Entrepreneurship itself. We have reason to believe that in the near future, Conch Entrepreneurship will make more brilliant achievements in the field of new energy.Editor/Jiang Mingyue