Sinopec Capital Co., Ltd. (hereinafter referred to as Sinopec Capital) recently announced its investment in Vital Thin Film Materials (hereinafter referred to as VTFM), which is a further expansion into new energy and new materials.
Vital Group is the world's leading high-tech enterprise covering the whole industry chain of scattered metals. VTFM, as a core business segment of Vital Group, dedicates to the research and development, production, sales and recycling of sputtering targets and evaporation materials for physical vapor deposition (PVD). The products are widely used in photovoltaic, semiconductor, display and other fields.
This round of investment was jointly completed by Sinopec Capital, CICC Capital, BYD, TBEA and other well-known investment institutions and industrial capitals, with a total investment of more than 1.2 billion yuan. After this round of financing, VTFM will continue improving its product matrix, and continue investing in product R & D, including HJT solar targets, thin-film solar targets, Solid Oxide Fuel Cell targets, and semiconductor display targets, to further increase its market share. It will contribute to promoting the development of the new energy industry and accelerating the achievement of the carbon peaking and carbon neutrality goals.
The investment hallmarks the essential practice in alignment with Sinopec's vision of “building a world-leading clean energy and chemical company” and its industrial pattern of “One Foundation, Two Wings and Three Growth Poles”. It will contribute to Sinopec’s development in the field of new energy, and provide strong support to the realization of Sinopec’s carbon peaking and carbon neutrality goals.