echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Rubber Plastic News > Invest 10.9 billion!

    Invest 10.9 billion!

    • Last Update: 2022-09-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On January 10, the Zhejiang Provincial Government Service Network filed a project for the comprehensive utilization of propane butane resources of Donghua Energy (Ningbo) New Materials Co.
    ,

    Ltd.

    It is reported that the project is located on Huandao West Road, Daxie Petrochemical Park, Daxie Development Zone, Ningbo City, Zhejiang Province.
    It is planned to start construction in June 2022 and be completed in June 2025

    .
    The total investment of the project is 10.
    9 billion yuan, including a new set of 1 million tons/year of propane dehydrogenation, a set of 2*400,000 tons/year of high-end polypropylene, a set of 240,000 tons/year of maleic anhydride and a combined production of 200,000 tons/year of BDO, A set of 100,000 tons/year PBAT device and supporting facilities is expected to add an annual output value of 13 billion yuan after reaching production

    .

    While creating considerable economic benefits and enhancing competitiveness for enterprises, it will effectively promote the diversification of raw materials and clean production in the Daxie industry, accelerate the construction of the largest polyolefin industrial base in China, and help Ningbo build a trillion-scale petrochemical industry and a world-class The green petrochemical base has become a strong support for provinces and cities to strive for new development advantages and promote high-quality development
    .

    3.
    4 million tons of PDH + 2.
    8 million tons of PP, the company is expected to become a global olefin industry giant

    3.
    4 million tons of PDH + 2.
    8 million tons of PP, the company is expected to become a global olefin industry giant

    The company is the leading enterprise of PDH+PP in China
    .
    With the Ningbo Phase II PDH and Ningbo Phase III PP projects put into operation in February and June 2021 respectively, the company currently has two production bases in Zhangjiagang and Ningbo, with a total of 1.
    8 million tons of PDH (600,000 tons in Zhangjiagang and 1.
    2 million tons in Ningbo).
    ) and 1.
    6 million tons of PP (400,000 tons in Zhangjiagang and 1.
    2 million tons in Ningbo)

    .

    The 600,000-ton PDH, 400,000-ton PP, and 200,000-ton synthetic ammonia project in the first phase of Maoming will start construction in June 2021 and are expected to be completed and put into operation before the end of 2022
    .

    After the completion of the Maoming plant and the completion of the above-mentioned comprehensive utilization project of propane butane resources, Donghua Energy's PDH production capacity will reach 3.
    4 million tons and PP production capacity will reach 2.
    8 million tons

    .

    With the steady progress of the Maoming and Ningbo projects, the company's PDH and PP production capacity will gradually double in the next few years.
    In the long run, the company will build the world's largest polypropylene production base with the lowest cost and highest added value in Maoming.
    Olefin industry giant

    .

    Enter the field of biodegradable materials and expand the industrial territory

    Enter the field of biodegradable materials and expand the industrial territory

    In addition, judging from the company's newly filed projects, the company will also build 200,000 tons/year BDO and 100,000 tons/year PBAT units.
    It is not difficult to see that while expanding its own advantages in the propylene + polypropylene industry, the company intends to Biodegradable plastics industry layout

    .

    In fact, as early as the end of January 2021, when the company interacted with investors on the investment platform, the company said that the company was already organizing research and development and paying close attention to the latest achievements in the industry.
    Further progress in the industrial layout

    .

    Planning and construction of acrylonitrile project, vertical extension to consolidate the integrated competitive advantage of Maoming C3 industrial chain

    Planning and construction of acrylonitrile project, vertical extension to consolidate the integrated competitive advantage of Maoming C3 industrial chain

    In addition, on January 25, 2022, Donghua Energy announced that it intends to establish a joint venture with Industrial Control New Materials Investment (Maoming) Co.
    , Ltd.
    ABS unit of the year

    .
    The project is planned to start construction before June 30, 2022, and strive to be completed and put into operation before December 31, 2024, with a total investment of 6.
    5 billion yuan

    .

    The company uses overseas cheap propane resources to produce acrylonitrile through propylene and hydrogen produced by its own Maoming Phase I PDH and PP units as raw materials
    .
    The company's acrylonitrile plant plans to use propylene ammoxidation method, using propylene, ammonia, air and water as raw materials, and using phosphorus-molybdenum-bismuth or antimony-iron catalysts for the reaction.
    acid and ammonium sulfate

    .
    After the project is put into operation, the company will take advantage of the entire C3 industry chain to further reduce production costs, profitability and market competitiveness

    .
    In addition, this project enables the company to achieve breakthroughs in the field of hydrogen application and realize the efficient utilization of hydrogen energy, which is in line with the country's industrial development policy of vigorously developing new technologies, new materials, adjusting structure and ensuring growth

    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.