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According to the announcement, this project uses completely proprietary intellectual property technology that the company has mastered. At present, the preliminary design work for the project has been completed, and the project registration procedures for the Development and Reform Commission of the Panzhihua City have been completed and the conditions for commencement of work have been met.
The estimated initial investment for the project is about 110 million yuan. It is expected to be completed by the end of December 2016 and put into trial operation. According to the preliminary calculation of the market price of titanium chloride, it is estimated that a profit of about 48 million yuan will be generated each year after the project reaches capacity.
Panzhihua Steel Vanadium and Titanium to Build 15,000 Tons of Chlorinated Titanium Dioxide
On December 31, 2015, Panzhihua Iron and Steel Vanadium and Titanium announced that it plans to build a 15,000-ton/year chlorination titanium dioxide oxidation test device project.