CNNC Hua Yuan Titanium Dioxide looks to future of new energy materials sector

As a leading enterprise in the domestic titanium dioxide industry, CNNC Hua Yuan Titanium Dioxide has not only demonstrated competitiveness in foreign trade but explored new energy materials, bringing about significant transformations and upgrades in recent years.

On foreign trade, the listed company based in Northwest China's Gansu province has established a leading advantage in domestic and international sales channels with its deep technological expertise, innovative capabilities, excellent product quality and lower production costs.

CNNC Hua Yuan Titanium Dioxide has also reached long-term cooperation intentions with several overseas customers, consolidating its position in the international market.

In the field of new energy materials, CNNC Hua Yuan Titanium Dioxide has demonstrated a forward-looking strategic layout. Leveraging its industrial base, the company has rapidly planned its development in the new energy materials sector, focusing on four major business parts: resources, chemicals, new materials and new energy, to comprehensively build a green circular industrial economy.

After in-depth discussions with related government departments and enterprises in the regions where its three main production subsidiaries are located, the listed company plans to form a circular economy industrial closed loop featuring "symbiosis and win-win cooperation" with chemical enterprises in Baiyin city, Gansu.

The plan is based on the 100,000-metric-ton coarse titanium dioxide production capacity of a wholly-owned subsidiary of the company. It hopes to realize the local conversion and "digestion" of waste acid, waste residue, hazardous chemicals and solid waste in Baiyin. A comprehensive resource utilization center combining the cycles among enterprises, in industrial parks, and within industries is to be built.

The company expects to establish a competitive production center for new energy battery materials. Through horizontal and vertical integration of the industry chain, it will transform from a chemical raw material manufacturer focusing on single-type products to a supplier of new energy materials with multiple main products.

China put forward the policy on controlling the total and intensity of energy consumption in 2015. It noted in 2023 that the dual control of energy consumption should be promoted toward the control of the intensity and total of carbon emissions.

CNNC Hua Yuan Titanium Dioxide has established a wholly-owned subsidiary to promote investments, construction and operations of comprehensive smart new energy projects involving photovoltaics, wind power and energy storage. These projects align with the current direction of national industrial development and will play a crucial role in adjusting the company's energy structure. In 2024, the company signed a cooperation framework agreement for Baiyin's comprehensive energy projects, planning to jointly invest in and develop the projects in the city.

As supporting projects to CNNC Hua Yuan Titanium Dioxide's "sulfur-phosphorus-iron-titanium-lithium" green circular industry, they are important to the company's new energy business. They are to significantly increase the proportion of green electricity in the company's energy consumption structure and provide clean and low-carbon energy with cost advantages for the company's circular industry, the company said.

They are also to help enhance the company's product recognition in the international market and improve its overall profitability, according to the company.

The company said implementation of its major strategies is attributed to the visionary leadership and firm beliefs of Wang Zelong, the company's controlling shareholder.

As a young entrepreneur from a chemical industry family, Wang said he understands that only through continuous innovation and transformation can a company be led toward a brighter future.

According to CNNC Hua Yuan Titanium Dioxide, under Wang's leadership, it has not only enjoyed good performance but contributed to social responsibilities. The company participates in public welfare activities, supports rural vitalization, and demonstrates the responsibility and commitment of a private enterprise in the new era.

The company adheres to the concept of being an excellent enterprise that shoulders social responsibility and develops in a green and sustainable way.

CNNC Hua Yuan Titanium Dioxide drives the integration of agriculture and enterprises with innovative ideas, enhances the well-being of farmers through a sharing philosophy, and helps farmers increase efficiency and income.

In addition to charitable investments each year, against the backdrop of the new era's rural vitalization strategy, the company said it responds to the national concept by integrating corporate social responsibility within its strategy.

The company has promoted in-depth integration of industry and agriculture. Ferrous sulfate, a byproduct in the manufacturing of titanium dioxide, can be used as iron fertilizer to improve saline-alkali soil. The company advanced the use of such soil and made more rural saline-alkali land become fertile, helping farmers increase their income.

Wang said that enterprises should fulfill social responsibilities while developing and ensure that the fruits of development benefit society. He has led the company to engage in poverty alleviation and participate in a "companies help villages" action in East China's Anhui province. The company partnered with Maotan village in Lintou town, Hanshan county, and formulated a support plan based on the principle of "teaching people to fish is better than giving them fish".

The company built roads for households, installed agricultural guardrail nets and assisted in the sale of agricultural products, helping farmers to lift themselves out of poverty and encouraging them to become prosperous.