Yatai Technology has entered the pitch-based carbon fiber industry through a partnership with Shanxi Zhongtan Xinchuang Technology Co., Ltd. and Jiangsu Zhongkaishenghua Environmental Engineering Co., Ltd. The collaboration aims to advance the research, development and production of spinnable mesophase pitch and high-end carbon materials to promote sustainable industry growth.
On July 18, 2022, the companies signed an agreement to establish Yatai Zhongtan (Shanxi) New Material Technology Co., Ltd. with a registered capital of 60 million yuan. Yatai Technology invested 27 million yuan for a 45% stake, Zhongtan Xinchuang invested 30.6 million yuan for a 51% stake, and Zhongkaishenghua invested 2.4 million yuan for a 4% stake. Yatai Zhongtan has now become a subsidiary of Yatai Technology.
Investment in high-end carbon materials
Yatai Zhongtan plans to develop a project focused on spinnable mesophase pitch and high-end carbon materials at the hundred ton scale. The goal is to produce high-quality precursors for advanced carbon materials, including mesophase carbon and high-performance pitch-based carbon fibers. The project will also produce advanced carbon products such as 3D porous carbon, carbon/carbon composites, graphene, nuclear grade graphite, ultra-high surface area activated carbon, carbon microspheres, high-end lithium battery anode materials, super carbon fibers, and carbon alloy materials. These mesophase pitch-derived products aim to address foreign restrictions on China's access to advanced materials and meet domestic demand for key strategic materials.
Strategic Implications
This investment marks Yatai Technology's expansion into the high-end carbon materials sector. By combining partners' expertise and focusing on cutting-edge technology, Yatai Zhongtan aims to increase China's self-sufficiency in critical carbon materials. The project is in line with national goals to reduce reliance on imported materials and promote innovation in the domestic carbon materials industry.
