 has begun a concept study to produce P4, also known as yellow phosphorous, as part of its emerging new energy materials business.){kind=link}
Minbos Resources begins P4 concept study
Minbos Resources (ASX:MNB) has begun a concept study to produce P4, also known as yellow phosphorous, as part of its emerging new energy materials business.
To complete the study, Minbos has engaged a Tier 1 global engineering, construction and project management company.
This company will undertake a 10-week concept level engineering study for a greenfield P4 production facility in Angola, targeting 20ktpa.
P4 is an essential critical mineral in the battery materials supply chain as it is needed to produce lithium hexaflurophosphate, the electrolyte used in lithium-ion batteries.
It’s also a critical mineral in the agriculture sector as it’s needed to produce phosphonates for weed control products that are essential to maintain crop yields and global food security.
As part of its plans to develop phosphate-based new energy materials, Minbos previously received a $15m investment from a syndicate of new energy materials investor controlled by Shanghai Putailai New Energy Technology chairman Liang Feng and CATL chairman Zeng Yuqun.
As part of their investment, the syndicate signed a strategic cooperation agreement with Minbos to develop phosphate-based new energy materials in Angola, including ferro phosphate and lithium ferro phosphate projects and contribute to project feasibility.
It also allows the syndicate to identify, approach and secure appropriate partners, technology and service providers, and appropriate customer investment and offtake partners, and the long term off-take of 100ktpa of high-grade phosphate rock at agreed market rates.