Oriental Shenghong lays out new energy and new material projects

On November 29, Oriental Shenghong issued two announcements on the construction of new energy and new material projects, involving a total amount of 28.
414 billion yuan
.

According to the announcement, Hubei Haigus New Energy Co.
, Ltd.
, a secondary holding subsidiary of Oriental Shenghong, plans to invest in the construction of supporting raw materials and new energy materials projects of iron phosphate and lithium iron phosphate, with a total investment of 18.
684 billion yuan and a construction period of 2 years
。 The project is planned to be built in Yidu Chemical Park, and the construction content includes 1.
8 million tons/year mineral processing device, 800,000 tons/year sulfur acid plant, 400,000 tons/year wet phosphoric acid plant, 280,000 tons/year wet phosphoric acid purification plant, 500,000 tons/year iron phosphate plant, 300,000 tons/year lithium iron phosphate plant, 100,000 tons/year water-soluble fertilizer plant, 500,000 tons/year special compound fertilizer plant, 2 million tons/year phosphogypsum harmless treatment unit, 1 million tons/year roadbed material device, 1 million tons/ Annual cement retarder plant, 20,000 tons/year anhydrous hydrogen fluoride plant, etc
.

Dongfang Shenghong said that the project uses phosphate ore as raw material to build a whole industrial product chain from phosphate ore to lithium iron phosphate, purified phosphoric acid as a raw material for iron phosphate, further production of lithium iron phosphate, and supporting water-soluble fertilizer and special fertilizer to promote the development of
new energy materials industry with the circular economy development model.

The other project is a high-end new material project such as polyolefin elastomer (POE), which is planned to be built by Jiangsu Shengjing New Materials Co.
, Ltd.
, a third-level holding subsidiary of Oriental Shenghong Level, with a total investment of 9.
73 billion yuan and a construction period of 2 years
.
The project is planned to be built in Lianyungang Petrochemical Base in Xuwei New Area, and the construction content includes 200,000 tons/year α-olefin plant, 300,000 tons/year POE plant, 300,000 tons/year butanol plant, 300,000 tons/year acrylic acid and ester plant, and 240,000 tons/year bisphenol A plant
.

Dongfang Shenghong said that this investment is to accelerate the layout of new energy and new materials, take advantage of Shenghong refining and chemical integration project, produce high value-added POE, α-olefin, butanol and other new chemical materials and chemical products, extend product differentiation, enhance product added value and market competitiveness
.

It is reported that Oriental Shenghong has formed an industrial matrix of "refining + polyester + new materials", and the company's 16 million tons / year refining and chemical integration project is also about to be put into production, relying on the advantages of the raw material platform of upstream refining and chemical projects, in addition to in-depth layout of the whole industrial chain of lithium iron phosphate, the future will further focus on new energy, new materials and other subdivisions, and fully create new energy green factories
.