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On March 3, Ningbo Kingfa New Materials Co.
, Ltd.
(hereinafter referred to as Ningbo Kingfa), one of the major projects in the province, located in Beilun Kingfa New Material Industrial Park, Ningbo, has a total investment of 10.
5 billion yuan and an annual output of 1.
2 million tons of polypropylene thermoplastic elasticity.
The groundbreaking ceremony was held for the integration project of body and modified new materials
.
According to reports, the new project is planned to be constructed in two phases:
The first phase mainly builds 600,000 tons/year of propane dehydrogenation, 800,000 tons/year of polypropylene, 400,000 tons/year of modified polypropylene new material production lines and supporting public works
.
The first phase mainly builds 600,000 tons/year of propane dehydrogenation, 800,000 tons/year of polypropylene, 400,000 tons/year of modified polypropylene new material production lines and supporting public works
.
The second phase mainly builds 600,000 tons/year of propane dehydrogenation and 400,000 tons/year of polypropylene
.
The predecessor of Ningbo Kingfa New Materials Co.
, Ltd.
was Ningbo Haiyue New Materials Co.
, Ltd.
, which was established in April 2011, with a registered capital of 1.
37 billion yuan
.
On July 1, 2019, Ningbo Kingfa and Ningbo Economic and Technological Development Zone Management Committee signed the "Ningbo Kingfa New Materials Co.
, Ltd.
Investment Framework Agreement" and issued an announcement: Ningbo Kingfa intends to carry out the construction of new projects on the basis of the original production scale.
Mainly aiming at replacing the imported high-end polypropylene market, aiming at the mid-to-high-end modified plastic new material industry, and adopting international and domestic advanced production technology, the new "1.
2 million tons/year polypropylene thermoplastic elastomer (PTPE) and modified New Material Integration Project"
.
2025, 3 million tons of polypropylene
2025, 3 million tons of polypropyleneAt the "25th Anniversary Celebration of Kingfa Technology", Yuan Zhimin, Chairman of Kingfa Technology, made a speech:
"By 2025, Kingfa will have a global production capacity of 3 million tons of polypropylene, moving closer to the upstream
.
