Zhitong Finance APP Newsplayfishinfrenzyfree, Xinzhou State (300037)(300037playfishinfrenzyfree.SZ) announced that the company plans to invest in the wholly-owned company Capchem Technology USA Incplayfishinfrenzyfree. (referred to as "New State of America") or other newly established holding companies are the implementation entities to build a battery chemical project in Louisiana, the United States.
Specifically, the company plans to build an annual output of 200,000 tons of carbonate solvent and 100,000 tons of lithium-ion battery electrolyte in Ascension Parish, Louisiana, with a total project investment of approximately US$350 million.
Recently, the New York State of the United States and the Louisiana State Government signed a contractplayfishinfrenzyfreeThe main content of the agreement is: based on the company's preliminary investment plan, Louisiana agrees to provide a series of industrial tax exemptions, infrastructure construction subsidies, and high-quality employment plans on the premise that the project meets employment conditions. Incentive plan. Among them, regarding the industrial tax relief incentive plan, the local government provides partial tax relief for this project for up to 10 years, with an estimated total value of US$71.3 million.
The announcement stated that this project is based on the deployment and arrangements for the implementation of the company's globalization strategy, adopting the company's independent intellectual property technology, ethylene oxide to carbonate solvent green integrated process technology (ECOSIPTM), and at the same time, it cooperates with raw material suppliers in the region to implement key raw materials. Supply of partition walls, with the carbonate solvent and electrolyte manufacturing business as the core, aims to meet the demand for battery chemicals such as lithium-ion battery electrolytes in the North American market and deepen cooperation with long-term strategic customers.
