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Sunway shares plans to invest 13 billion yuan to build BDO, PBAT, PTMEG and other projects

 Last Update: 2022-08-29
 Source: Internet
 Author: User

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On August 13, Sunway Co.
, Ltd.
announced that it had signed an investment framework agreement with the Wuhai Economic Development Zone Low-Carbon Industrial Park Management Committee in the early stage, and planned to invest in BDO, PBAT, and PTMEG new material industry chain integration projects

Project Description

Project name: 900,000 tons/year BDO and degradable plastic integration project

Construction unit: Inner Mongolia Sunway New Materials Co.
, Ltd.

Investment amount: 13,066,000,000 yuan

Project Location: Wuhai City - Hainan District - Low Carbon Industrial Park

Construction period: Expected from August 2021 to December 2026

Project construction content and scale: After the project is completed, it will form 900,000 tons/year of 1,4-butanediol (BDO), 600,000 tons/year of degradable plastic PBAT, 300,000 tons/year of high-end polyether material PTMEG and 100,000 tons/year of high-end polyether material PTMEG.
Tons/year of electronic grade fine chemical products γ-butyrolactone (GBL) and 50,000 tons/year of N-methylpyrrolidone (NMP), and supporting public and auxiliary facilities

The project will be invested and constructed in two phases: the first phase will invest 8.
7 billion yuan, and the construction content will include 600,000 tons/year of 1,4-butanediol (BDO), 300,000 tons/year of degradable plastic PBAT, and 120,000 tons/year of high-end For the polyether material PTMEG, a 720,000-ton/year acetylene (calcium carbide) raw material combined unit and a 1.
2 million-ton/year formaldehyde unit will be built.
The construction period is from August 2021 to August 2024

In order to ensure the progress of the project, Wuhai City has now "approved in principle to change the 1.
2 million-ton calcium carbide plant for the continued construction of the low-carbon industrial park as the upstream source of raw materials for the three-dimensional new material industry integration project in Inner Mongolia"

Sunway shares stated that its main business is rail transit industry and rubber products industry.
This investment project has no previous technology accumulation, nor accumulation of relevant technical personnel and management personnel

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