The Ganges Carbon 5 Carbon 9 Comprehensive Utilization New Material Project settled in Tianjin Economic Development Zone

On December 19, it was learned from Tianjin Economic and Technological Development Zone (hereinafter referred to as Tianjin Economic and Technological Development Zone) that recently, the Administrative Committee of Tianjin Economic and Technological Development Zone and Ganges Industrial Group Co.
, Ltd.
signed an investment cooperation agreement, and the Ganges Carbon Five Carbon Nine Comprehensive Utilization New Material Project with a total investment of about 5.
1 billion yuan officially landed in Tianjin Economic and Technological Development Zone
.
The settlement of the project will further extend and expand the downstream new material industry chain of Tianjin ethylene, strengthen the chain to supplement the chain, promote the regional new material industry to refine and high-end development, and provide assistance
for Tianjin Nangang to build a world-class green chemical new material base.

Located in Nangang Industrial Zone, Tianjin Economic Development Zone, the Ganges Carbon 5 and 9 Comprehensive Utilization New Materials Project covers an area of about 400,000 square meters and will be jointly constructed
by Ganges Industrial Group Co.
, Ltd.
and China Petroleum & Chemical Co.
, Ltd.
The project will build 10 sets of plants including 250,000 tons/year carbon five and 350,000 tons/year carbon nine separation plants, of which 4 sets of plants will adopt complete sets of technologies with completely independent intellectual property rights owned by Ganges Industrial Group and unique in the global petroleum resin field, and the technical level will reach the international leading
level.
At the same time, the project will also build a carbon five carbon nine comprehensive utilization research and development center to provide technical support
for future development.

The Ganges Carbon 5 and 9 Comprehensive Utilization New Material Project is expected to be completed and put into operation in 2025, when the project will use the carbon 5 and 9 produced by Sinopec Nangang ethylene as raw material to produce a variety of new material products represented by special resins, which are widely used in rubber tires, food packaging, plastic modification, waterproof membrane and other fields
.
After the project reaches production, it is expected that the annual operating income will be about 5.
6 billion yuan, and the profits and taxes will be about 1.
05 billion yuan
.

Ganges Material Technology Co.
, Ltd.
, a wholly-owned subsidiary of Ganges Industrial Group Co.
, Ltd.
, is currently the most complete, largest and best quality carbon five carbon nine petroleum resin production enterprise in China, with the core technology of the whole industrial chain of carbon five carbon nine petroleum resin, and the company's output value will exceed 10 billion yuan
in 2022 。 Ganges Material Technology Co.
, Ltd.
is a national high-tech enterprise, with one-stop research and development capabilities from experimental small-scale test, amplification, pilot test and product application evaluation, with more than 20 complete sets of technologies independently developed, and has independent intellectual property rights of cracking carbon nine comprehensive utilization industrial chain, cracking carbon five comprehensive utilization industrial chain and ethylene tar (PGO\PFO) comprehensive utilization industrial chain
.
(Qu Zhaogui)