September 11, 2024 – Shandong Xianghai Titanium Resources Technology Co., Ltd. has announced plans to invest 4.5 billion yuan in the construction of a new 300,000-ton annual capacity chlorination titanium dioxide new material project. The project, which will occupy approximately 538.65 acres of land and have a total construction area of about 184,100 square meters, aims to establish three production lines each with an annual output of 100,000 tons of titanium dioxide produced via the chlorination process. According to the Color Masterbatch Industry Network, this initiative is expected to not only enhance domestic titanium dioxide production capacity but also help bridge the gap in the domestic market for high-end rutile titanium dioxide.
Titanium dioxide, recognized as an inorganic pigment and chemical raw material with excellent performance, is highly favored due to its chemical stability, heat resistance, weather resistance, as well as its superior whiteness, coloring power, and covering ability. Pigment-grade titanium dioxide finds widespread application in industries such as coatings and papermaking, while non-pigment grade titanium dioxide is primarily used in areas like enamel and capacitors. Rutile titanium dioxide, with its superior performance compared to anatase, has become the mainstream product in the market.
The chlorination process, as an advanced method for titanium dioxide production, offers multiple advantages including high product quality and a shortened production process, making it widely adopted by industrially developed countries. Xianghai Titanium Resources Technology Co., Ltd.’s investment in this project utilizes the chlorination production process, focusing on the production of rutile titanium dioxide to meet the demand for high-grade titanium dioxide in both domestic and international markets.
Furthermore, the project is expected to generate a range of by-products, including titanium tetrachloride, hydrochloric acid, and sodium hypochlorite solution, which will provide additional economic benefits to the company. Upon completion, the project is anticipated to achieve an average annual sales income of 6.23 billion yuan and an after-tax profit of 1.342 billion yuan, significantly bolstering the company’s sustained development.
It is worth mentioning that as a wholly-owned subsidiary of Shandong Lubei Chemical Industry Enterprise Group Corporation, Xianghai Titanium Resources Technology Co., Ltd. has accumulated rich experience in the field of titanium dioxide production. The launch of this new project will further consolidate and elevate the company’s position in the industry, while simultaneously driving the upgrading and development of the domestic titanium dioxide sector.