Luxi Chemical's 1 million tons PC exit, Tianchen Qixiang nylon 66 replacement

Recently, the Shandong Provincial Development and Reform Commission announced a notice on the adjustment of key projects in the province in 2019, mainly involving the adjustment of project entry and exit, which supplemented the Tianchen Qixiang 1 million tons of nylon 66 new material project announced on July 2 Chemical 1 million tons of polycarbonate PC project withdr.

The document mentions three main principles for adjustment:

In order to give full play to the investment-driven role of key projects, it is presumed that the construction of the projects will be accelerated, and the results will be realized as soon as possible, and a dynamic adjustment mechanism for provincial key projects will be established with the project promotion effect as the main evaluation standa.

Adhere to the work orientation of reward and punishment, withdraw from the project and take back various preferential policies for provincial key projects, and add projects to enjoy preferential polici.

Through the project self-assessment, supplementary project recommendation, expert review and other work procedures, combined with the usual scheduling and on-site inspection, the adjustment list will be determined objectively and fair.

Tianchen Qixiang breaks foreign monopoly

There are three additional provincial key preparation projects, including the new nylon material project of Tianchen Qixiang Tengda .

Tianchen Qixiang Tengda is jointly invested and constructed by Qixiang Tengda and China National Chemical Engineering Corporation and its subsidiary China Tianchen Engineering .

This project is the first domestically engineered nylon 66 plant with a complete industrial cha.

Pacific Securities recently released a research report on listed compani.

In 2018, the price of nylon material soared, because the upstream company's unexpected production capacity of adiponitrile caused the price to so.

The success of the project will help break the pricing power of foreign manufacturers and play a huge role in promoting the domestic nylon indust.

Luxi Chemical's 100-ton PC withdrew from key projects

It can be seen from the public notice that the withdrawal of the Luxi Chemical PC project may be caused by the delay of the proje.

It can be seen from the semi-annual report of Luxi Chemical that from 2018 to the first half of 2019, the company has successively invested in multiple production capacities; the performance in the first half of the year was not satisfactory (546 billion yuan, a year-on-year decrease of 516%); The dispute is not over yet, and Luxi Chemical seems to be in a bad situati.

(List of key projects in Shandong Province on January 23, 2019)

Luxi Chemical's 100-ton PC project has developed phosgene polycarbonate technology with independent intellectual property rights, and obtained 21 paten.

Attached to the notice document of Shandong Development and Reform Commission on August 29: