Weiyuan issued a series of announcements

Recently, Lihua Yiweiyuan Chemical Co.
, Ltd.
(hereinafter referred to as Weiyuan Co.
, Ltd.
) issued a series of announcements, mainly including the planned investment of 330 million yuan to expand the production of polycarbonate (PC); It is planned to invest 2.
16 billion yuan to build a 250,000 tons/year electrolyte solvent project; It intends to acquire the subscribed capital contribution share
of Shandong Zhongran Baogang Energy Development Co.
, Ltd.
(hereinafter referred to as Zhongranbao Port) held by Qi Xiang Tengda.

In terms of expanding PC production capacity, Weiyuan plans to increase the production capacity of existing PC devices from 130,000 tons/year to 200,000 tons/year
.
After the implementation of the project, it will be conducive to further developing the circular economy and new chemical materials, improving the integration of the PC industry chain of Weiyuan Co.
, Ltd.
, and significantly reducing the production cost of products, which can reduce the amortization of the fixed cost of PC tons from the original 2011 yuan (ton price, the same below) to 1407 yuan
.

In terms of electrolyte solvent project, Weiyuan Co.
, Ltd.
uses propylene oxide produced by its own propylene oxide plant under construction and the exhaust gas emitted by the carbon dioxide-rich device as raw materials to build a 250,000 tons/year electrolyte solvent plant and supporting public works and auxiliary facilities
.
After the implementation of the project, Weiyuan will increase the production capacity of electronic grade propylene carbonate 20,000 tons/year, dimethyl carbonate 50,000 tons/year, methyl ethyl carbonate 150,400 tons/year, diethyl carbonate 29,400 tons/year, and by-products propylene glycol 178,800 tons/year and food-grade carbon dioxide 100,000 tons/year
.

In addition, due to the continuous expansion of the industrial scale of Weiyuan Co.
, Ltd.
and the construction of propane dehydrogenation projects, the company's demand for raw propane has also increased
significantly.
In order to broaden and optimize raw material supply and storage and transportation channels, effectively solve the bottleneck of raw material supply, and accelerate the construction of port raw material warehousing, Weiyuan intends to acquire the subscribed capital contribution share of 47.
5 million yuan (not yet paid) of Zhongzhengbao Port held by Qi Xiang Tengda, and complete the industrial and commercial registration procedures for equity transfer, which corresponds to 19% of the equity
of Zhongzhengbao Port.