With an investment of 1.576 billion, Juhua will build 150,000 tons/year PTT and 72,000 tons/PDO projects

Recently, Zhejiang Juhua Co.
, Ltd.
issued a fixed asset investment project announcement.
The announcement disclosed that the company will invest 1.
576 billion and plan to build a 150,000-ton/year special polyester chip new material project
.

The project plans to introduce international mature technology to produce 1,3-propanediol (PDO) from ethylene oxide, and then use purified terephthalic acid (PTA) and PDO as raw materials to generate PTT through esterification and polycondensation reactions (polytrimethylene terephthalate)
.
It will build 150,000 tons/year PTT; 7.
2 tons/year PDO (including: commodity volume 10,500 tons, intermediate products 61,500/year)
.
The implementation of the project includes the main plant of 7.
2 tons/year PDO and 15 tons/year PTT and its supporting works
.

The total investment of the project submitted for approval is 1,576,230,700 yuan, of which: construction investment is 1,476,607,100 yuan, construction period interest is 57,633,800 yuan, and initial working capital is 41,986,900 yuan
.
It is expected that after the normal operation of the project, the average annual sales revenue will be 2,130.
91 million yuan, the average annual total profit will be 397.
95 million yuan, and the average annual net profit will be 298.
46 million yuan
.
The total investment rate of return of the project is 24.
68%, the financial internal rate of return of project investment before income tax is 24.
24%, and the financial internal rate of return of project investment after income tax is 19.
48%; the investment payback period of the project before income tax is 6.
49 years, and the investment payback period after income tax is 7.
12 years
.

The project is planned to be completed by the end of October 2024, and the test run will be completed by the end of 2024
.