A ceremony was held on August 8th in the New Energy & New Material & New Food Industrial Park in Shuangyashan City, Heilongjiang Province to launch the construction of a 100,000tpy natural graphite anode material project.

The project is invested by Zhejiang Tanyi New Energy Co., Ltd. to extend the industrial chain on the basis of the cooperation on projects in Shuangyashan Moli Graphite Industrial Park. Relying on the new-type technology as well as green and low-carbon process researched and developed independently by Tanyi New Energy, the project has a total investment of RMB3 billion (USD445.12 million) and covers an area of 17 hectares with the annual output values expected to reach over RMB5 billion (USD741.84 million) after it achieves the designed production capacity.