Wanhua Chemical raises 200 million to help the large ethylene project

On June 22, Wanhua Chemical Group Co.
, Ltd.
2022 first tranche of medium-term notes (transformation + science and technology innovation), exclusively underwritten by Shandong ICBC, was successfully issued
.
This bond is the first batch of transition bonds in China's inter-bank market, and it is also the first bond in the inter-bank market that has the attribute of "scientific and technological innovation" in "transformation", realizing the deep integration of "low-carbon transition" and "scientific and technological innovation"
.
The bond issue amount is 200 million yuan, with a term of 2 years and a coupon rate of 2.
38%
.
It is understood that all the funds raised from the bond will be used to support Wanhua Chemical Group's "Polyurethane Industry Chain Integration-Ethylene" project, which innovatively adopts the light hydrocarbon cracking route to produce ethylene, which is the first set of pure propane feed in China.
The cracking unit reduces the energy consumption and carbon emissions in the production process through the lightening of raw materials, the use of high-efficiency cracking furnaces and the application of heat pump technology, and has good carbon emission reduction benefits, which is beneficial to alleviating global temperature rise and protecting biodiversity.
Sex has a positive effect
.