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Recently, Wanhua Chemical's official website released an announcement on the environmental impact assessment information of Wanhua Chemical (Ningbo) Co.
, Ltd.
's MDI/HDI technical transformation and expansion integration project and 1.
8 million tons/year MDI technical transformation project
.
The investment amount of the MDI/HDI technical transformation and expansion integration project is 3.
221 billion yuan, and the investment amount of the 1.
8 million tons/year MDI technical transformation project is 941 million yuan; of which the investment in environmental protection is about 250 million yuan, accounting for 6% of the total investment amount
.
The 1.
8 million tons/year MDI technical transformation project is mainly to expand and transform the existing MDI plant, and finally the capacity of the first phase of the MDI plant will be expanded from the existing 400,000 tons/year to 600,000 tons/year, and the capacity of the second phase of the MDI plant will be expanded.
From the existing 800,000 tons/year expansion to 1.
2 million tons/year, the total MDI production capacity of the whole plant is 1.
8 million tons/year, which is twice the previous market expectation for Ningbo's expansion of 300,000 tons
.
The construction content of the MDI/HDI technical transformation and expansion integration project includes a new 280,000-ton/year modified MDI unit, a 50,000-ton/year HDI monomer unit, a 60,000-ton/year HDI adduct unit, and a 12+240,000-ton unit.
240,000 tons/year formaldehyde plant, supporting reconstruction of gas generating plant and related auxiliary supporting projects
.
By the end of 2020, the total global MDI production capacity was 8.
99 million tons.
Previously, after the expansion of the MDI plant capacity of Wanhua Chemical Yantai Industrial Park, Wanhua Chemical's global MDI production capacity reached 2.
6 million tons per year, and the global production capacity accounted for 27%.
%
.
The MDI industry is a monopoly industry.
The production capacity of Wanhua Chemical, BASF, Covestro, Dow, Huntsman and other major manufacturers accounts for more than 90% of the world's total production capacity
.
At present, China's MDI production capacity is 3.
86 million tons per year.
Among them, Wanhua Chemical is the only manufacturer in China.
BASF, Covestro, Huntsman and many other companies have invested in new or expanded MDI factories in China
.
At present, the MDI production capacity of more than 1 million tons per year is under construction.
In addition to the expansion of Wanhua and Covestro, Xinjiang Heshan Juli Chemical Co.
, Ltd.
has invested in new construction, and BASF has also joined hands with INOV to increase production
.
Therefore, the expansion of Wanhua Chemical's MDI plant is a very important strategic move, which has immeasurable significance for Wanhua Chemical's position in the global MDI market and its future development
.
