Chongqing Huafeng Chemical plans to build a 1.15 million tons/year adipic acid expansion project (Phase 6)

On May 15 , Huafeng Chemical issued an announcement stating that the company intends to invest 2.

On May 15 , Huafeng Chemical issued an announcement stating that the company intends to invest 2.

The basic situation of the investment project:

Project name: 1.

Project name: 1.

Project investment and construction unit: Chongqing Huafeng Chemical Co.

Project investment estimate and source of funds: The total investment is estimated to be 2.

Project construction period: It is estimated that the implementation progress of the project in 24 months will be adjusted in a timely manner based on market demand, operating conditions and comprehensive evaluation by the board of directors, and disclosed in accordance with relevant laws and regulations.

Process technology: It is planned to use the cyclohexene method to produce adipic acid.

Project location: Baitao Chemical Park, Fuling District, Chongqing City.

Project benefits and payback period: a total investment of 275500 yuan, the project put into operation static investment recovery period (after tax) is 5.

As the project is still in the preliminary planning stage, there are uncertainties in the implementation of the project and the benefits of the project need to be further demonstrated.

After the project is put into production, the overall scale of the company's oxalic acid products will be further expanded, the cost advantage will be further reflected, the market share and influence will be further increased, and the company will bring a relatively large profit return.