Qixiang Tengda plans to invest 1.35 billion yuan to expand the maleic anhydride project

Qi Xiang Tenda recently issued a public notice, the company in 2012 Nian 12 Yue 20 Second Board of Directors held its fifteenth meeting examined and adopted the "on the investment and construction of an annual output of 10 motion ten thousand tons maleic anhydride project.

Qi Xiang Tenda recently issued a public notice, the company in 2012 Nian 12 Yue 20 Second Board of Directors held its fifteenth meeting examined and adopted the "on the investment and construction of an annual output of 10 motion ten thousand tons maleic anhydride project.

The announcement shows that, in order to further consolidate the company’s leading position in the maleic anhydride industry, meet the growing market demand for maleic anhydride products, and enhance the company’s competitiveness and voice in the same industry, the company intends to install the original 200,000 tons / year maleic anhydride plant.

The details of this expansion project are now announced as follows: Expansion project name: 200,000 tons / year maleic anhydride project

Project implementation subject: The project is invested and constructed by Zibo Qixiang Tengda Chemical Co.

Project implementation subject: The project is invested and constructed by Zibo Qixiang Tengda Chemical Co.

Project investment budget and source of funds: The total investment of this project is estimated to be 1,350,402,900 yuan, of which construction investment is 1,277,589,400 yuan, and initial working capital is 34,201,300 yuan, all of which will be raised by the company itself.

Construction period: The estimated construction period of this project is 18 months.

It is understood that the 200,000 tons / year maleic anhydride project that the company plans to invest in is an expansion based on the original 200,000 tons / year maleic anhydride plant, with mature production technology and rich production experience.
At present, the downstream market of maleic anhydride has broad prospects.
It is mainly used to produce nearly 100 downstream organic intermediates and specialty chemicals such as unsaturated polyester resins, fumaric acid, lubricant additives, agrochemicals, coatings, and heat-resistant styrene resins.
It can also be used in the production of biodegradable plastics such as PBS and PBAT .
With the continuous expansion of application fields, it is expected that the demand for maleic anhydride in my country will continue to grow in the future, and the market prospect is optimistic.
After the completion of the project expansion, the company's maleic anhydride production capacity will reach 400,000 tons per year, which will help further enhance the company's maleic anhydride plant's profitability and anti-risk ability, enhance the company's comprehensive competitiveness, and conform to the company's and all shareholders' interests.