On October 30, Gelonhui reported that shan dong lubei chemical (600727.SH) announced that its wholly-owned subsidiary, Shandong Jinhai Titanium Technology Co., Ltd. (referred to as “Jinhai Titanium”), plans to invest 3.068 billion yuan to construct an annual output of 0.2 million tons of co-production titanium dioxide green production project at its controlling subsidiary, Shandong Yuanhai New Materials Technology Co., Ltd. (referred to as “Yuanhai Technology”).

This project is divided into two phases of construction. The first phase involves the construction of 0.1 million tons of titanium dioxide, 0.1 million tons of synthetic hematite, 0.4 million tons of ferrous sulfate, and 0.5 million tons of ferrous sulfate polymerization plant. The second phase will also involve the construction of 0.1 million tons of titanium dioxide, 0.1 million tons of synthetic hematite, 0.4 million tons of ferrous sulfate, and 0.5 million tons of ferrous sulfate polymerization plant. Assuming the expected input-output effect is achieved, the project construction period will be 48 months, with an investment payback period (after tax) of 7.88 years. It is expected that this will not have a significant impact on the company's operational performance in 2024. Construction design for this project has not yet started, and adjustments to the construction scale and period will be made based on the company's actual situation and market conditions.