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On November 30, Sinopec announced that it would acquire the following assets and liabilities:
On November 30, Sinopec announced that it would acquire the following assets and liabilities:(1) Sinopec plans to purchase equity assets, non-equity assets and liabilities of Sinopec Group Asset Management Co.
(1) Sinopec plans to purchase equity assets, non-equity assets and liabilities of Sinopec Group Asset Management Co.
(2) Yizheng Chemical Fiber, a wholly-owned subsidiary of the company, plans to purchase non-equity assets and liabilities such as the PBT resin business of Yizheng Branch held by the asset company for 1.
(3) Sinopec plans to purchase non-equity assets and liabilities such as the thermal power business held by the Group Yanshan for 1.
As the epidemic eases, the demand for PBT resin, which is widely used in the fields of automobiles and electronic appliances, continues to strengthen, and the industry has a very broad prospect
Benefiting from the promotion of national policies, the demand for degradable plastics in China continues to grow, and the market scale continues to rise.
In addition, the Yihua Toray joint venture acquired by China Stone has a PET production capacity of 23,000 tons per year with advanced technology and leading quality.
In addition to PBT and PBAT, Sinopec has also deployed a variety of new chemical materials, including carbon fiber, polylactic acid, photovoltaic film, polyglycolic acid, and high-end polyolefin
On September 27, 2020, China Petrochemical Corporation and Tianjin Municipal Government signed a strategic cooperation framework agreement to jointly promote cooperation in petrochemical, natural gas, hydrogen energy and other fields
On September 23, 2020, Sinopec Ningbo New Materials Research Institute held an unveiling ceremony
On December 18, 2020, Sinopec Capital announced that it would invest in Changzhou Baijiasei Thin Film Technology Co.
At the end of 2020, Sinopec Great Wall Energy Chemical (Guizhou) Co.
On December 29, 2020, Sinopec Capital announced to invest in Zhejiang Hisun Biomaterials Co.
On January 5, 2021, Shanghai Petrochemical's "24,000 tons of annual raw silk, 12,000 tons of 48K large tow carbon fiber" project with a total investment of 3.
On November 10, 2021, Guizhou Neng Hua and Shanghai Pujing Chemical Technology Co.
It is understood that Sinopec Guizhou Nenghua PGA project adopts Shanghai Pujing Chemical's synthesis gas-to-polyglycolic acid technology, and Sinopec Shanghai Engineering Company is responsible for the engineering design
This project is a key project of the "14th Five-Year Plan" development plan of Guizhou Province and a demonstration project of Sinopec to promote the industrialization of cutting-edge coal chemical technology
.
The feasibility study report of the first phase of the 500,000-ton/year polyglycolic acid plant was approved on June 21, 2021, and the groundbreaking ceremony was held on July 6, marking that the project construction has entered the fast lane
.
