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300,000 tons of BDO, 100,000 tons of PBAT, and Sanwei shares's 13 billion project (phase one) announced details

 Last Update: 2021-10-20
 Source: Internet
 Author: User

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On September 30, 2021, Inner Mongolia Sanwei New Materials Co.
, Ltd.
, a subsidiary of Sanwei Holdings, 300,000 tons/year BDO and biodegradable plastics integrated project (Phase I) environmental impact assessment of the first public participation announcement was released, the text of the announcement as follows:

On September 30, 2021, Inner Mongolia Sanwei New Materials Co.

, Ltd.

On September 30, 2021, Inner Mongolia Sanwei New Materials Co.

, Ltd.

300,000 tons/year BDO and biodegradable plastic integration project (Phase I) 300,000 tons/year BDO and biodegradable plastic integration project (Phase I)

Brief description of construction project

Project Name: Inner Mongolia Sanwei New Material Co.

, Ltd.
300,000 tons/year BDO and degradable plastic integration project (Phase I)

Construction site: Low Carbon Industrial Park, Economic and Technological Development Zone, Wuhai City, Inner Mongolia Autonomous Region

Constructive quality: New

Construction scale: The project is constructed in two phases, and this evaluation is only for the first phase of the project
.

Calcium carbide generating device 360,000 t/a; acetylene device 100,000 t/a; formaldehyde device 600,000 t/a; 1,4-butanediol (BDO) device 300,000 t/a ; hydrogen production device 23,500 Nm3/h ; PBAT device is 100,000 t/a ; PTMEG device is 60,000 t/a; the annual operating time of each device is 8,000 hours, that is, 333 days

Project review
On August 13, 2021, Sunway issued an announcement that the company signed an investment framework agreement with the Inner Mongolia Wuhai Economic Development Zone Low-Carbon Industrial Park Management Committee in the early stage, and plans to invest 13 billion yuan to build BDO, PBAT, PTMEG new material industry chain integration projects
.

The project will be invested and constructed in two phases :

The first phase investment is 8.

7 billion yuan, and the construction content includes 600,000 tons/year of 1,4-butanediol (BDO), 300,000 tons/year of biodegradable plastic PBAT , 120,000 tons/year of high-end polyether material PTMEG, and supporting construction of 720,000 tons Tons/year acetylene (calcium carbide) raw material combined plant and 1.
2 million tons/year formaldehyde plant.
The construction period is August 2021-2024
The second phase investment is 4.

366 billion yuan, and the construction content includes 300,000 tons/year 1,4-butanediol (BDO), 300,000 tons/year degradable plastic PBAT , 180,000 tons/year high-end polyether material PTMEG and 100,000 tons /Year electronic grade fine chemical products gamma-butyrolactone (GBL) and 50,000 tons/year N-methylpyrrolidone (NMP), supporting the construction of a 360,000 tons/year acetylene (calcium carbide) raw material joint unit, 600,000 tons/year The ton/year formaldehyde plant will be constructed from March 2023 to December 20266

Brief description of construction project

Project Name: Inner Mongolia Sanwei New Material Co.

, Ltd.
300,000 tons/year BDO and degradable plastic integration project (Phase I)

Construction site: Low Carbon Industrial Park, Economic and Technological Development Zone, Wuhai City, Inner Mongolia Autonomous Region

Constructive quality: New

Construction scale: The project is constructed in two phases, and this evaluation is only for the first phase of the project
.

After the project is completed, it will form 900,000 tons/year of 1,4-butanediol (BDO), 600,000 tons/year of degradable plastic PBAT , 300,000 tons/year of high-end polyether material PTMEG, and 100,000 tons/year of electronic grade fine chemicals Products gamma-butyrolactone (GBL) and 50,000 tons/year N-methylpyrrolidone (NMP), and supporting the construction of public auxiliary facilities
.

The project will be invested and constructed in two phases :

The first phase investment is 8.
7 billion yuan, and the construction content includes 600,000 tons/year of 1,4-butanediol (BDO), 300,000 tons/year of biodegradable plastic PBAT , 120,000 tons/year of high-end polyether material PTMEG, and supporting construction of 720,000 tons Tons/year acetylene (calcium carbide) raw material combined plant and 1.
2 million tons/year formaldehyde plant.
The construction period is August 2021-2024
.
The second phase investment is 4.
366 billion yuan, and the construction content includes 300,000 tons/year 1,4-butanediol (BDO), 300,000 tons/year degradable plastic PBAT , 180,000 tons/year high-end polyether material PTMEG and 100,000 tons /Year electronic grade fine chemical products gamma-butyrolactone (GBL) and 50,000 tons/year N-methylpyrrolidone (NMP), supporting the construction of a 360,000 tons/year acetylene (calcium carbide) raw material joint unit, 600,000 tons/year The ton/year formaldehyde plant will be constructed from March 2023 to December 20266
.

Sanwei Shares stated that the "Investment Framework Agreement" is only a framework agreement, and the projects and related amounts involved in the agreement are only preliminary intentions and are not mandatory, and subsequent specific implementation may change
.

And frankly said that the company's current main business is the rail transit industry and rubber products industry, the investment project company has no previous technology accumulation, and there is no accumulation of relevant technical personnel and management personnel
.
Although the company has begun to organize relevant technical personnel and management personnel, it has not yet taken shape
.
The aforementioned investment agreement and related investment projects have a relatively large construction scale and investment amount.
As of March 31, 2021, the company's book currency fund balance is 400 million yuan, which is not enough to support the investment in the aforementioned investment projects.
The company currently has no specific financing plan
.

Brief description of construction project

Brief description of construction project situation Brief description of construction project situation Brief description of construction project situation

Project Name: Inner Mongolia Sanwei New Material Co.
, Ltd.
300,000 tons/year BDO and degradable plastic integration project (Phase I)

Project name: Project name:

Construction site: Low Carbon Industrial Park, Economic and Technological Development Zone, Wuhai City, Inner Mongolia Autonomous Region

Construction site: Construction site:

Constructive quality: New

Constructive Constructive quality: quality:

Construction scale: The project is constructed in two phases, and this evaluation is only for the first phase of the project
.
Calcium carbide generating device 360,000 t/a; acetylene device 100,000 t/a; formaldehyde device 600,000 t/a; 1,4-butanediol (BDO) device 300,000 t/a ; hydrogen production device 23,500 Nm3/h ; PBAT device is 100,000 t/a ; PTMEG device is 60,000 t/a; the annual operating time of each device is 8,000 hours, that is, 333 days
.

Construction scale: Construction scale: 1,4-butanediol (BDO) device 300,000 t/a 1,4-butanediol (BDO) device 300,000 t/a PBAT device 100,000 t/a PBAT device 100,000 t /a
Project reviewProject review Project reviewOn August 13, 2021, Sunway issued an announcement that the company signed an investment framework agreement with the Inner Mongolia Wuhai Economic Development Zone Low-Carbon Industrial Park Management Committee in the early stage, and plans to invest 13 billion yuan to build BDO, PBAT, PTMEG new material industry chain integration projects
.
It is planned to invest 13 billion yuan to build BDO, PBAT and PTMEG new material industry chain integration projects
.
It is planned to invest 13 billion yuan to build BDO, PBAT and PTMEG new material industry chain integration projects
.

900,000 tons/year of 1,4-butanediol (BDO), 600,000 tons/year of biodegradable plastic PBAT 900,000 tons/year of 1,4-butanediol (BDO), 600,000 tons/year of biodegradable plastic PBAT

The project will be invested and constructed in two phases :

The project will be invested and constructed in two phases : the project will be invested and constructed in two phases

The first phase investment is 8.
7 billion yuan, and the construction content includes 600,000 tons/year of 1,4-butanediol (BDO), 300,000 tons/year of biodegradable plastic PBAT , 120,000 tons/year of high-end polyether material PTMEG, and supporting construction of 720,000 tons Tons/year acetylene (calcium carbide) raw material combined plant and 1.
2 million tons/year formaldehyde plant.
The construction period is August 2021-2024
.
The second phase investment is 4.
366 billion yuan, and the construction content includes 300,000 tons/year 1,4-butanediol (BDO), 300,000 tons/year degradable plastic PBAT , 180,000 tons/year high-end polyether material PTMEG and 100,000 tons /Year electronic grade fine chemical products gamma-butyrolactone (GBL) and 50,000 tons/year N-methylpyrrolidone (NMP), supporting the construction of a 360,000 tons/year acetylene (calcium carbide) raw material joint unit, 600,000 tons/year The ton/year formaldehyde plant will be constructed from March 2023 to December 20266
.

The first phase investment is 8.
7 billion yuan, and the construction content includes 600,000 tons/year of 1,4-butanediol (BDO), 300,000 tons/year of biodegradable plastic PBAT , 120,000 tons/year of high-end polyether material PTMEG, and supporting construction of 720,000 tons Tons/year acetylene (calcium carbide) raw material combined plant and 1.
2 million tons/year formaldehyde plant.
The construction period is August 2021-2024
.

600,000 tons/year of 1,4-butanediol (BDO), 300,000 tons/year of biodegradable plastic PBAT 600,000 tons/year of 1,4-butanediol (BDO), 300,000 tons/year of biodegradable plastic PBAT

The second phase investment is 4.
366 billion yuan, and the construction content includes 300,000 tons/year 1,4-butanediol (BDO), 300,000 tons/year degradable plastic PBAT , 180,000 tons/year high-end polyether material PTMEG and 100,000 tons /Year electronic grade fine chemical products gamma-butyrolactone (GBL) and 50,000 tons/year N-methylpyrrolidone (NMP), supporting the construction of a 360,000 tons/year acetylene (calcium carbide) raw material joint unit, 600,000 tons/year The ton/year formaldehyde plant will be constructed from March 2023 to December 20266
.

300,000 tons/year of 1,4-butanediol (BDO), 300,000 tons/year of biodegradable plastic PBAT, 300,000 tons/year of 1,4-butanediol (BDO), 300,000 tons/year of biodegradable plastic PBATSanwei Shares stated that the "Investment Framework Agreement" is only a framework agreement, and the projects and related amounts involved in the agreement are only preliminary intentions and are not mandatory, and subsequent specific implementation may change
.
And frankly said that the company's current main business is the rail transit industry and rubber products industry, the investment project company has no previous technology accumulation, and there is no accumulation of relevant technical personnel and management personnel
.
Although the company has begun to organize relevant technical personnel and management personnel, it has not yet taken shape
.
The aforementioned investment agreement and related investment projects have a relatively large construction scale and investment amount.
As of March 31, 2021, the company's book currency fund balance is 400 million yuan, which is not enough to support the investment in the aforementioned investment projects.
The company currently has no specific financing plan
.

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