On May 8, Sinopec Capital invested in Shandong Tsaker New Materials Co., Ltd. (hereinafter referred to as “Shandong TNM”), further expanding into the field of upstream materials for lithium-ion battery.
Wholly owned by Tsaker Chemical Group Limited (HK.1986) before this round of investment, Shandong TNM is engaged in R & D and production of high-end, green and environment-friendly products. It has the largest capacity in China of "one-step" iron phosphate production which has realized the comprehensive utilization of resources without generating any waste gas, wastewater, solid waste or by-products during the production process. Its main product, high-performance anhydrous iron phosphate, can be processed into lithium iron phosphate, the cathode material for lithium iron phosphate (LFP) battery. LFP battery is widely used in new energy vehicles and energy storage due to its advantages of high-safety and low-cost.
Sinopec Group persists in advancing green and low-carbon development through technological innovation, endeavors to make breakthroughs in green and low-carbon technologies, pursues green development, and is committed to building the world's leading clean energy and chemical company. As an important bearer of the industrial investment function of Sinopec Group, Sinopec Capital implements the requirements of Sinopec Group's world-leading development strategy, continuously deepens its understanding of different investment segments, actively captures development opportunities in key areas, and accelerates the industrial optimization and upgrading of Sinopec Group.