September 04, 2024 – Shandong Xianghai Titanium Resource Technology Co., Ltd. is planning to invest 4.5 billion yuan to establish a new production facility capable of manufacturing 300,000 tons of titanium dioxide pigment annually using the chloride process. The ambitious project, set to occupy approximately 538.65 acres with a gross building area of 184,100 square meters, will feature three production lines, each with a yearly capacity of 100,000 tons.
According to Color Masterbatch Industry Network, the initiative is expected to create 1,200 job opportunities. Once operational, the plant is anticipated to generate an average annual sales revenue of 6.23 billion yuan, with an estimated average annual profit of 1.79 billion yuan, resulting in an after-tax profit of 1.342 billion yuan. The construction of this undertaking is scheduled to be completed within 34 months.
Titanium dioxide, widely recognized as an inorganic pigment and chemical raw material, is praised for its chemical stability, heat resistance, weather resistance, as well as its exceptional whiteness, tinting strength, and hiding power. It finds applications in various industries such as coatings, papermaking, and plastics. Notably, titanium dioxide produced via the chloride process, especially the rutile type, stands out due to its high quality and efficient manufacturing process, making it a preferred choice for new titanium dioxide plants in industrially developed nations.
Considering the significant gap in China’s high-end rutile titanium dioxide market, which relies heavily on imports, Xianghai Titanium Resource Technology’s project aims to bridge this market demand. Apart from the primary product, titanium dioxide, the plant will also produce titanium tetrachloride, hydrochloric acid, and sodium hypochlorite as by-products.
It’s worth mentioning that the company already operates a chloride process titanium dioxide production line and has decided to expand its capacity to cater to the growing market demand. This expansion is expected to bolster the company’s competitiveness in the market and potentially drive the growth of China’s titanium dioxide industry.