10.5 billion yuan! Ningbo Blonde 1.2 million tons polypropylene new material project started

recently, one of the major projects in the province, Ningbo Blonde New Materials Co., Ltd., located in Beilun Jinfa New Materials Industrial Park, Ningbo, with a total investment of 10.5 billion yuan, an annual output of 1.2 million tons of polypropylene thermoplastic elastomer and modified new materials integration project, held a commencement ceremonyDeputy Secretary of the Cpc Zhejiang Provincial Committee and Secretary of the Ningbo Municipal Committee attended the opening ceremony and delivered a speechaccording to the, the new project is planned to be built in two phases, the first phase of the main construction of 600,000 tons / year propane dehydrogenation, 800,000 tons / year polypropylene, 400,000 tons / year modified polypropylene new material production line and supporting public worksThe second phase mainly builds 600,000 tons / year propane dehydrogenation, 400,000 tons / year polypropyleneThe project is planned to invest about $6 billion in the first phase and about $4.5 billion in the second phaseThe first phase of the project is scheduled to be completed and put into operation by the end of 2023The first phase of all post-partum, is expected to reach annual sales of 10 billion yuanThe second phase of the project is scheduled to be completed and put into operation by the end of 2026The second phase of all post-partum, ningbo blonde new materials are expected to total annual sales of 20 billion yuanNingbo Blonde New Materials Co., Ltd., formerly known as Ningbo HaiYue New Materials Co., Ltd., established in April 2011, with a registered capital of 1.37 billion yuanListed company Blonde Technology completed its acquisition of Ningbo HaiYue New Materials Co., Ltdin May 2019 and renamed it Ningbo Blonde New Materials Co., LtdThe company is located in Ningbo Economic and Technological Development Zone, Qingjung Industrial Park, covers an area of 1300 acres, the total investment of the project is about 16 billion yuan, including 600,000 tons / year propane dehydrogenation device, 600,000 tons / year isooctline plant, 1 million tons / year gas sub-unit, 40,000 tons / year methyl ethyl ketone device, 30,000 tons / year sulfuric acid regeneration device, 50,000 tons of special chemical terminal, 373 million tons of tank and auxiliary equipment and auxiliary production facilitiesJuly 1, 2019, Ningbo Blonde and Ningbo Economic and Technological Development Zone Management Committee signed the "Ningbo Blonde New Materials Co., LtdInvestment Framework Agreement" and issued a notice: Ningbo Blonde to carry out new projects on the basis of the original scale of production, mainly to replace foreign imports of high-end polypropylene market as the direction, with high-end modified plastics new materials industry as the goal, the use of international and domestic advanced production technology, the new "1.2 million tons / year polypropylene thermal elastic elastomer (PTPE) and the integration of new materialsThe new project is located in Ningbo Economic and Technological Development Zone (Beilun Qingjun), that is, the construction of the new project