Hubei petrochemical industry's revenue in the first eight months increased by 19.9% year-on-year

Recently, it was learned from the Hubei Provincial Department of Economic and Information Technology that since the beginning of this year, in the face of multiple adverse factors, the petrochemical industry in Hubei Province has overcome difficulties, coordinated epidemic prevention and control and production and operation, achieved double growth in operating income and profit of the entire industry year-on-year, and accelerated
the construction speed of key projects.

It is understood that in January ~ August, the petrochemical industry in the province achieved operating income of 438.
92 billion yuan, a year-on-year increase of 19.
9%; The profit was 31.
69 billion yuan, a year-on-year increase of 23.
6%.

The output of chemical fertilizer (converted and pure) was 4.
314 million tons, a year-on-year increase of 17.
5%; The output of pesticides (100% of active ingredients) was 107,000 tons, a year-on-year increase of 5.
9%.

In terms of key project construction, the modern coal chemical syngas comprehensive utilization project built by Hualu Hengsheng Company with an investment of 46 billion yuan is progressing smoothly, and the first phase of the project is expected to be completed and put into operation
in June 2023.

On September 27, the Bangpu Cycle Project of CATL Bangpu Integrated New Energy Industrial Park was trial-produced in Yichang High-tech Zone, and the Bangpu Cycle Project that was trial-produced on the same day was a waste lithium iron phosphate recycling production line, which is a key link in battery recycling, and is an important part of the Bangpu integrated new energy industry project with a total investment of 32 billion yuan, integrating key links such as "phosphate ore-raw materials-precursors-cathode materials-battery recycling", opening up the whole life cycle industry chain
of batteries.
After the project is completed, it can supply battery cathode materials
for 4 million new energy vehicles.

During the "Eleventh" period, the construction of Sanning chemical amide and nylon new material projects is still hot
.
Sanning Chemical uses the existing raw materials such as ammonia, hydrogen, nitric acid and other raw materials in Yaojiagang Chemical Park to build 400,000 tons/year caprolactam and polyamide chips, 200,000 tons/year polyamide differentiated new material spinning, and 200,000 tons/year nylon 66 projects
.
With a total investment of 14.
5 billion yuan, the project is expected to be completed and put into operation in October 2023, and will form a complete circular economy industrial chain of nylon 6 and nylon 66 after completion, further enhance the added value of products, and move towards
the scale of industrial agglomeration, equipment technology and management internationalization.

Xingfa Group invested 5.
916 billion yuan to continue to develop wet electronic chemicals, electronic grade electroplating baths, electronic grade slurry liquids, and electronic grade precursors, and strive to reach 700,000 tons/year of electronic chemical production capacity by 2025, fill the gap of some domestic G5 specification products, and build a domestic first-class electronic chemical production and supply base
.
(Chen Chuanwu)