Qixiang Tengda's first-phase 100,000 tons/year production line of maleic anhydride was completed

On May 17, Zibo Qixiang Tengda Chemical Co.
, Ltd.
announced that the first phase (100,000 tons/year) production line of the 200,000-ton/year maleic anhydride expansion project was completed and put into operation: the company invested in the expansion of the 200,000-ton/year maleic anhydride project The first phase (100,000 tons/year, hereinafter referred to as the "Phase I Project") production line has been completed, the installation process has been completed and qualified products have been successfully produced, achieving a successful start-up
.

Announcement content

In order to further consolidate Qixiang Tengda's leading position in the maleic anhydride industry, meet the growing market demand for maleic anhydride products, and enhance the company's competitiveness and discourse power in the same industry, Qixiang Tengda has established a 200,000-ton/year maleic anhydride plant in the original Continue to invest in the construction of 200,000 tons/year maleic anhydride project
.

After the maleic anhydride expansion project is completed and put into operation, the company's maleic anhydride production capacity will exceed 400,000 tons/year, which is conducive to further expanding the company's maleic anhydride products in the domestic and foreign market share, maintaining the leading advantage of maleic anhydride in the same industry, and at the same time for the company's Lay the foundation for the extension of the downstream field of maleic anhydride
.
At present, the second phase of the maleic anhydride project (100,000 tons/year) has entered the stage of equipment installation, and the construction progress is being fully promoted
.

Background of the project

Driven by the "plastic ban" policy, the price of maleic anhydride, which is an upstream raw material for degradable plastics such as PBS and PBAT, has been rising
.
Due to the huge market demand, Qixiang Tengda has continuously adjusted its process parameters, and its maleic anhydride plant has been in a full-load state for a long time, and the capacity utilization rate has exceeded the designed capacity.
), the domestic market share is more than 30%, and the domestic export share is more than 50%
.

The company has reached a strategic cooperation agreement with Tianjin Bohua Engineering Co.
, Ltd.
, and the two parties will carry out technology research and development and platform in the fields of degradable plastic PBS/PBAT, maleic anhydride plant energy saving and consumption reduction, maleic anhydride downstream BDO and other downstream new materials, high-end chemical new materials and other fields Comprehensive cooperation in co-construction and other aspects, and the establishment of organizational guarantees
.

Combined with the technical advantages of Tianjin Bohua Chemical, Qixiang Tengda will be more flexible in the use of maleic anhydride production capacity in the future.
In addition to external sales, Qixiang Tengda can also choose opportunities to extend the industrial chain according to market changes, and directly produce degradable plastics.
profit margins
.

The main projects of Qixiang Tengda

On May 12, Qixiang Tengda stated on the investor interactive platform that the company's 80,000-ton/year methyl ethyl ketone expansion project has been completed and put into production
.

On April 29, Qixiang Tengda announced that it will invest 546 million yuan to build an 80,000-ton/year acrylic acid and 60,000-ton/year butyl acrylate project.
The project is expected to be constructed for 12 months
.

On March 22, Qixiang Tengda stated on the Shenzhen Stock Exchange Interactive Exchange that the company's 200,000-ton/year MMA project and 700,000-ton/year propane dehydrogenation (PDH) project have all been completed and put into operation
.
The equipped 300,000-ton/year propylene oxide project is in the stage of equipment installation, and will form an integrated industrial chain layout of "propane-propylene-propylene oxide" after it is put into operation
.
The PMMA project is also under construction.
After it is put into production, the company will form an integrated industrial chain of "isobutylene-MMA-PMMA"
.

The 200,000-ton/year isononanol project is also progressing in an orderly manner
.

In October 2021, Qixiang Tengda announced that it has reached a strategic cooperation agreement with the Qingdao Institute of Bioenergy and Processes of the Chinese Academy of Sciences, and the two parties will strengthen the research and development of new energy, new materials, high-end chemicals and other technologies
.
With the technical advantages of the Qingdao Institute of the Chinese Academy of Sciences, Qixiang Tengda is expected to cut into the new energy field of hydrogen energy development and utilization, and develop a new growth track
.