Shenma shares: special nylon 66 project started

Recently, Shanghai Chemical Industry Park held the nylon integrated industrial base promotion meeting and nylon industry development forum, jointly witnessed the commissioning of INVISTA adiponitrile project, the start of nylon 6,6 expansion project, and the start of Shenma special nylon project!

The annual output of 60,000 tons of special nylon 66 project

On the evening of March 10, 2022, Shenma Industrial Co.
, Ltd.
issued a capital increase announcement, with a capital increase of 51.
824 million yuan, which is mainly used for the construction
of the project of Shanghai Shenma Engineering Plastics Co.
, Ltd.
with an annual output of 60,000 tons of special nylon 66 chips (20,000 tons in the first phase).
The total investment of the project is 306.
08 million yuan, and the construction period is 24 months
.

In the selection of project location, Shanghai Shenma Engineering Plastics Co.
, Ltd.
will be adjacent to INVISTA's hexamethylenediamine plant, and the main raw material hexanediamine can be directly supplied
nearby.

According to Shenma shares, INVISTA's 215,000-ton hexamethylenediamine project invested and constructed in Shanghai Chemical Industry Park has been put into operation, and its production capacity is still 60,000 tons of hexamethylenediamine to be sold
in addition to the company's 150,000-ton nylon 66-slice device, HDI and other consumption.

In order to absorb its remaining hexanediamine production capacity, INVISTA is actively transferring nylon 66 production technology in China, and once this surplus capacity flows into other private enterprises, it will have a great impact
on the development of the group's nylon industry.
Other domestic nylon 66 chip manufacturers have been expanding their scale, forming a tripod of INVISTA, Shenma and other domestic nylon 66 manufacturers, which poses a great threat
to the group's leading position in the domestic industry.
The project is proposed to be built next to INVISTA, which can effectively absorb INVISTA's excess hexanediamine capacity and help strengthen the Group's position
in the nylon industry in China.

Special nylon 66 needs to be developed urgently

Due to the high added value of special nylon, some high-end enterprises have formed a market monopoly, such as high-end injection molding Ni 66 due to good internal lubrication, external lubrication and other characteristics, nucleation and demolding are relatively good, is widely used in injection molding processing, its product market is mainly facing high-end cable ties, electrical plugs and special injection parts, such as DuPont's 101L, 101F, and Ascend Company's 21SPC, 21SPF, etc.
, but basically in a monopoly position
in China 。 Another example is flame retardant spinning grade nylon 66, which increases the PA66 oxygen index from 26% to 30-32% by adding functional flame retardants, so as to meet the fiber grade flame retardant requirements
.
As well as heat-resistant injection grade Ni 66, which can be used
for a long time at a high temperature of 108~120 degrees.

Although the development prospects of special nylon 66 products are good, due to the late start of new material application and new product development, the lack of technical support in China restricts the rapid development
of special nylon.

From the perspective that the proportion of steel plastic used in China is still much lower than the average level of developed countries and the world, it is still in the early stage of special nylon application, and once the breakthrough of technical bottlenecks is achieved, it will show great market potential
.