Since the beginning of this year, our company has seized a good opportunity for the downstream market to pick up. The γ-butyrolactone production unit has been running at full capacity and achieved a production and sales rate of 100%. From January to March, nearly 3,000 tons of electronic grade γ-butyrolactone (GBL) and more than 500 tons of N-methylpyrrolidone (NMP) were produced.
With the recent cooperation between our company and Shenzhen Watma Battery Co., Ltd. to provide electronic-grade NMP, and Samsung Huanxin (Xi'an) Power Battery Co., Ltd. to resume production in mid-April, the demand for NMP will gradually increase. The NMP plant will also be in full production.
It is reported that in recent years, China's new energy vehicles have entered a period of rapid growth. The lithium battery industry, which is an important part of new energy vehicles, has also benefited from this, driving a substantial increase in demand for various raw materials, including NMP.