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On November 13, Shenma Co.
, Ltd.
announced that the company plans to establish a wholly-owned subsidiary Henan Shenma Xianglong Chemical Co.
, Ltd.
(subject to the name approved by the industrial and commercial registration authority) in the nylon new material industry cluster area of Pingdingshan City, Henan Province.
Project to produce 50,000 tons of adiponitrile
.
The announcement shows that the registered capital of the subsidiary is RMB 300 million, all of which are contributed by the company in cash, accounting for 100% of the registered capital
.
This project adopts the technology of direct hydrocyanation of butadiene to synthesize adiponitrile.
a direct hydrocyanation of butadiene to produce adiponitrile technology"
.
The product of this project, adiponitrile, is the key raw material for the company's leading products, nylon 66 industrial yarn, cord fabric, and chips, and needs to be imported for a long time
.