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Sunresin has recently signed the "Strategic Cooperation Agreement" with Chengxin Lithium Group Co., Ltd (SZ. 002240) in Chengdu, Southwest China. Zhou Yi, chairman of Chengxin Lithium, and Kou Xiaokang, general manager of Sunresin New Materials Co. Ltd., attended the signing ceremony.
Sunresin has in excess of 10 years’ experience in Direct Lithium Extraction (DLE) with operations in South America, North America, Europe and China. Its proprietary adsorption technology and Simulated Moving Bed (SMB) system has been deployed on different brine grades under different conditions to deliver a low-carbon, environmental-friendly and highly efficient lithium brine extraction solution. Sunresin’s DLE technology is able to extract lithium from a wide variety of brine resources, and deliver higher recoveries with lower costs of processing chemicals and reagents, along with expedited processing times without the need for evaporation ponds.
Sunresin has over 10 years’ experience in Direct Lithium Extraction and has its footprint in brines from Qinghai (China), North America, Europe as well as South America. With its adsorption technology, the company has provided one-stop-shop services to project owners covering project conception and supply of adsorption materials and equipment. Customized solutions and products have been tested successfully with different levels of brine under different conditions across the globe.
On the evening of January 3, 2022, Sunresin New Materials issued an announcement indicating the “Receipt of the Signing Notice” from Jinhai Lithium Industry (Qinghai) , a subsidiary of the Huizhou Yiwei Lithium Energy Co., Ltd, on the 10,000 ton lithium carbonate EPC procurement project. The tentative amount of the project is about 456.11 million RMB (71.8 million USD).
Sunresin’s Ruashi project features the extraction of cobalt from the precipitation liquor of cobalt hydroxide. The project included a collaborative effort with Sunresin’s Remote Solution Operation and Monitoring Center (RESOM) in Xi'an, an innovative initiative put in place during the lockdown period in 2020 to serve domestic and international EPC projects. With its patented Simulated Moving Bed (SMB) technology for continuous ion exchange, as well as the selective cobalt adsorption materials, Sunresin has managed to increase the concentration of cobalt ions in the precipitation liquor from 0.1g/L to 20g/L, making the original mother liquor with little value a new source of cobalt supply. The successful implementation of this project will add more than 300 tons of cobalt products per annum to the Jinchuan Ruashi project, thereby realizing an annual income of tens of millions of dollars.
During Aquatech Amsterdam, we introduced our new developments related to drinking water, where we have a number of new solutions related to cartridge applications and ground water purification. We also presented our solutions in Ultra Pure Water for microchip manufacturing which is extremely important nowadays relating to the development of all sorts of applications required in energy transition. As a pure player in the separation industry for over 20 years, Sunresin will continue to offer a wide range of product specialties and solutions for a number of applications with very attractive delivery times.
Sunresin will be added to the FTSE Global Equity Index Series ("GEIS"), following FTSE's most recent semi-annual review. This inclusion will become effective after the close of business on Friday, September 17, 2021. According to the latest review on August 20, 71 A-shares, including 11 large-cap s