Recently, relevant experts pointed out that in recent years, enterprises inside and outside the industry have invested in titanium dioxide projects. It is estimated that by the end of 2023, China’s total titanium dioxide production capacity will reach more than 5.7 million tons per year, accounting for about 9.2 million tons per year of the world’s total titanium dioxide production capacity. 62%. In the future, China’s total titanium dioxide production capacity may exceed 10 million tons per year. The growth trend and positive market prospect of the titanium dioxide industry have further boosted the comprehensive strength and market competitiveness of ENVO, which focuses on building ferro-sulfur-titanium resource recycling and comprehensive utilization projects.
Titanium dioxide is an important inorganic chemical pigment. In recent years, the application fields of titanium dioxide have been expanding. In addition to traditional coatings, paints, and plastics, the downstream industries of titanium dioxide have gradually expanded to cosmetics, toys, food, medicine and other fields. With the development of economy, scientific and technological progress and the deepening of application research, the application of titanium dioxide has gradually extended to new energy, high-end equipment and other fields.
According to the “2022-2027 China Titanium Dioxide Industry In-depth Research and Investment Prospect Forecast Research Report” released by the China Research Institute of Industry Research, benefiting from the guidance of industrial policies, especially under the guidance of supply-side structural reforms in recent years, titanium dioxide The industry is accelerating the elimination of production capacity of backward enterprises, optimizing the competitive environment in the industry, bringing the price of titanium dioxide back to a reasonable range, and helping to enhance the overall competitiveness of my country’s titanium dioxide industry. Domestic production technology has made significant progress and product quality has improved, thus replacing foreign countries. The proportion of products has increased year by year, and the proportion of exports has also increased year by year. This means that the ferrosulfur-titanium resource recycling and comprehensive utilization project implemented by ENVO Resources, a wholly-owned subsidiary of ENVO Mining, complies with policy orientation and favorable trends, and there will be broad market development space in the future.
It is understood that the comprehensive utilization project of ferrosulfur-titanium resources implemented by ENVO Resources is based on its non-ferrous metal mining and dressing business, to deeply explore the company’s resource reserves, give full play to the synergy effect, and further comprehensively utilize the mining and dressing tailings. The project cost 2.984 billion yuan. The main products include titanium dioxide, sulfuric acid and secondary iron concentrate. The sulfuric acid and secondary iron concentrate are produced through the sulfur-containing and iron-containing tailings formed by Dongkuang Company. Titanium dioxide, the main product of this project, is prepared from the purchased titanium concentrate, and an industrial chain of “mining and dressing tailings (sulphur-containing and iron-containing tailings)-sulfuric acid-titanium dioxide” is created, thereby realizing the downstream development of ENVO Mining to the non-ferrous metal mining and dressing business. Strategic planning for the extension of the industrial chain.
