100,000 tons of PBS degradable material project started in Henan

On October 9, 2021, Meirui New Materials (300848.
SZ) announced that the company signed a "Strategic Cooperation Intention Agreement" with Hebi Coal Chemical Co.
, Ltd.
(Hebi Coal Chemical) of Henan Energy and Chemical Group.
Cooperation in the field of butylene glycol ester (PBS) products
.

The announcement shows that based on the optimism for the long-term development of the biodegradable material industry, and also based on the company's mastery of the relatively mature production technology of PBS products and the raw material industry advantages of Hebi Coal Chemical Industry, the cooperation of the PBS project has a policy basis, market basis, technical basis and raw materials.
supply base
.

On October 8, 2021, Hebi Coal Chemical Company of Henan Energy Chemical Group and Meirui New Materials Co.
, Ltd.
(Meirui New Materials) held a groundbreaking ceremony for a joint venture to build a biodegradable plastic (PBS) project with an annual output of 100,000 tons
.

The project is operated by Meirui Technology (Henan) Co.
, Ltd.
, a joint venture established by the two parties
.
In August 2021, Meirui Technology (Henan) Co.
, Ltd.
was established with a registered capital of 500 million yuan
.
Founded by Meirui New Materials and Hebi Coal Chemical Industry of Henan Energy and Chemical Group, the address is located at No.
1 Coal Chemical Avenue, Baoshan Economic and Technological Development Zone, Hebi City, Henan Province
.

The initial registered capital of Meirui Technology is RMB 500 million, of which Meirui Technology contributed 275 million yuan in cash, holding 55% of the shares; Hebi Coal Chemical invested 75 million yuan in cash, holding 15% of the shares; Ruihua invested in cash Contributed 150 million yuan, holding 30% of the shares
.

Meirui New Materials Co.
, Ltd.
was established in 2009 and is a listed company on the Shenzhen Stock Exchange GEM.
It is a well-known domestic TPU manufacturer and a national high-tech enterprise
.
The company focuses on the R&D, production and sales of thermoplastic polyurethane elastomers (TPUs).
The products are widely used in 3C electronics, medical care, automobile manufacturing, sports and leisure, industrial equipment, green energy, home life, 3D printing and other fields
.

The main products of Meirui New Materials include thermoplastic polyurethane elastomers, foamed elastomers, modified materials, polyols, etc.
Among them, TPU series products mainly include polyester TPU, polyether TPU, aliphatic TPU, bio-based TPU, polycarbonate TPU,
etc.

Hebi Coal Chemical Company of Henan Energy and Chemical Group has completed four projects with an annual output of 600,000 tons of methanol, an annual output of 100,000 tons of 1,4-butanediol, an annual output of 60,000 tons of polytetrahydrofuran and an annual output of 3,000 tons of succinic anhydride.
The investment is nearly 10 billion yuan
.
It has formed a coal-methanol-1,4-butanediol-polytetrahydrofuran-succinic anhydride with coal as the raw material, methanol as the basic chemical raw material, and new chemical materials as the terminal product.
Complete circular economy industrial chain
.

The BDO project with an annual output of 100,000 tons is a "Double Thousand" project in Henan Province, a key project in Henan Province, and an encouraged project by the state to vigorously develop new technologies, new materials, adjust structure, and ensure growth
.
The project adopts the catalyst technology with independent intellectual property rights jointly developed by Henan Energy Group and Shanxi University, and various technical indicators have reached the international advanced level
.

The total investment of the project is about 2 billion yuan, covering an area of ​​369 acres.
The project is constructed in two phases, which were put into production in May 2012 and at the end of September 2013
.
100% full load and stable operation has been achieved
.

The maleic anhydride hydrogenation process technology jointly developed by Henan Energy and Chemical Group Research Institute and Shanxi University is a major scientific and technological project of the "Twelfth Five-Year Plan".
Industrial Development" project
.

The estimated investment of the project is 85 million yuan, covering an area of ​​20 acres.
The project started construction on site in April 2014, and was mechanically completed at the end of September 2014.
On November 30, 2014, the process was opened to produce qualified products
.

The successful commissioning of this device indicates that China has fully mastered the complete production process for the continuous production of succinic anhydride by catalytic hydrogenation of maleic anhydride; after the industrialization of this process, it will be the first domestic process for the continuous production of succinic anhydride by catalytic hydrogenation of maleic anhydride The device has the advantages of high technical content, good product quality, and simple process operation.
It fills the gap of China's pharmaceutical and food additive grade succinic anhydride products, and breaks the long-term blockade of foreign countries in the core technology field of high-end succinic anhydride industry chain
.