Sanyou Chemical intends to establish a wholly-owned subsidiary

On September 20, Sanyou Chemical issued an announcement that the company intends to invest 1 billion yuan to set up a wholly-owned subsidiary as the main body
for the implementation of the development of marine fine chemical projects.

It is understood that the project aims to promote the implementation of the "three chains and a group" industrial development plan of Sanyou Chemical Industry and actively dock the petrochemical and coal chemical industries
in Caofeidian Chemical Park.

According to the announcement of Sanyou Chemical, the industrial development plan of "three chains and a group" is to build a "two alkalis and one chemical" circular economy industrial chain, a silicone new material industry chain, a fine chemical industry chain, and a new energy and new material "double new" strategic industrial cluster industrial layout
.

For the specific planning of the development of Caofeidian fine chemical industry chain, Sanyou Chemical said that during the "14th Five-Year Plan" period, it will take 300,000 tons / year ion membrane caustic soda as the core, supporting high-end new materials and functional resins downstream of chlorine fine chemical products, basically achieving chlorine balance
.

During the "15th Five-Year Plan" period, the company will choose the opportunity to expand the 250,000 tons/year ion membrane caustic soda project according to the implementation of the market and surrounding supporting projects; Plan fine chemical products such as downstream chlorine and downstream high-end new materials and functional resins to ensure chlorine balance and develop the hydrogen energy industry chain in the long term; Choose opportunities to support the development or participate in the cogeneration project
of the park.