Shiyou Chemical's 450,000-ton phenol ketone and 240,000-ton bisphenol A project will be completed by the end of 2023

Following the initial public announcement of the project in March 2021, on May 31, Yangzhou Ecological Environment Bureau accepted and publicized the environmental impact assessment of Shiyou Chemical's phenol ketone/bisphenol A project
.

Shiyou Chemical (Yangzhou) Co.
, Ltd.
is a wholly foreign-owned petrochemical production enterprise established by Hong Kong Kingboard Group in Yangzhou in September 2009.
It is a wholly-owned subsidiary of Kingboard Group
.

At the end of 2018, due to the large amount of pollutants produced by the heavy oil catalytic cracking unit, and the market has been in a loss for many years, Kingboard Group began to dismantle the original heavy oil catalytic cracking unit in Shiyou Chemical (Yangzhou) Co.
,
Ltd.

At present, the domestic market demand for phenol, acetone, and bisphenol A products is large.
At the same time, combined with the industrial transformation and upgrading requirements of Yangzhou Chemical Industrial Park, Shiyou Chemical (Yangzhou) Co.
, Ltd.
Project with an annual output of 450,000 tons of phenol acetone and 240,000 tons of bisphenol
A.
The proposed project will use high-quality phenol, acetone and bisphenol A products produced by the latest domestic and international technologies.
The products are mainly supplied to the epoxy resin devices within Kingboard Group and surrounding users
.

Kumho Chemical in the Yangzhou Chemical Industrial Park has an epoxy resin plant, which uses about 70,000 tons of bisphenol A raw materials annually, while the production of 70,000 tons of bisphenol A requires about 60,000 tons/year of phenol and 20,000 tons/year Acetone consumes 30,000 tons of acetone solvent at the same time
.
After the project is completed, it can provide stable raw materials for the enterprises in the park
.
In addition, Kingboard Group has related epoxy resin production bases in Changzhou, Guangzhou, Hengyang and other places, using about 50,000 tons of phenol, about 90,000 tons of bisphenol A and 40,000 tons of acetone every year
.
The launch of this project will further strengthen the upstream and downstream supporting facilities of the industrial chain within the group
.

Project Overview

Project Name: Shiyou Chemical (Yangzhou) Co.
, Ltd.
Project with an annual output of 450,000 tons of phenol acetone and 240,000 tons of bisphenol A

Construction unit: Shiyou Chemical (Yangzhou) Co.
, Ltd.

Project nature: expansion

Construction site: Shiyou Chemical (Yangzhou) Co.
, Ltd.
factory area, No.
8, Central Avenue, Yangzhou Chemical Industrial Park, Yizheng City

Engineering construction investment: The total investment of the project is 2,000 million yuan, and the environmental protection investment is 87.
2 million yuan, accounting for about 4.
36% of the total investment
.

Covering area: The project uses the own land of Shiyou Chemical and the open space after the demolition of the equipment of Jiangsu Xingbang Resource Utilization Co.
, Ltd.
for construction.
The total area of ​​the expansion project is about 180 mu
.

Construction period: It is planned to start construction in June 2022 and complete in December 2023
.