Guangxi Feinan Resources Recycling Co., Ltd., a wholly-owned subsidiary of Guangdong Feinan Resources Recycling Co., Ltd., plans to invest about 880 million yuan (124 million US dollars) in a new energy materials project that will produce nickel sulfate and electrolytic nickel using high-grade nickel matte from its own production or external sources.
The project will be located in Shilong Town Industrial Park, Xiangzhou County, Laibin City, covering about 179 Mu (11.93 hectares) of land, with a construction period of around 20 months. Using high-grade nickel matte as feedstock, the project will adopt process involving leaching, extraction, evaporation and crystallization, and electrolysis to produce 10,010 tonnes of electrolytic nickel sheet (10,000 tonnes of nickel metal), 45,045 tonnes of refined nickel sulfate (10,000 tonnes of nickel metal), 1,800 tonnes of cathode copper, 1,478 tonnes of cobalt sulfate, and 29,288 tonnes of sodium sulfate annually.
