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Yinchuan Ningdong Base plans "seven billion yuan" major projects, with a total investment of 95 billion yuan, to build Ningdong into "China Spandex Valley" and the world's largest para-aramid fiber production base
Biodegradable Materials Research Institute reported that on April 28, the People's Government of Pingluo County, Shizuishan City, Ningxia and Ningxia Guanneng New Material Technology Co.
Song Shiwen, Deputy Secretary of Shizuishan Municipal Party Committee and Secretary of Pingluo County Party Committee, and Lu Chen, Chairman of Jinhaiyi (Hong Kong) International Co.
"Ningxia Guanneng New Material Technology Co.
The first phase of the project is scheduled to be completed in June 2024, including 200,000 tons/year of BDO, 120,000 tons/year of PTMEG, 120,000 tons/year of spandex, 120,000 tons/year of PBT, and 100MW of photovoltaic power generation
The second phase of the project is scheduled to be completed in December 2025, including 300,000 tons/year BDO, 120,000 tons/year PTMEG, 180,000 tons/year spandex, 100,000 tons/year NMP, 100MW photovoltaic power generation and 6×5000m³/year h Hydrogen production by electrolysis of water
Compared with the previous filing information of Ningxia Guanneng Company on March 15, 2022, the project at that time included NMP, PBT/PBAT, PTMEG and other polymer materials, biodegradable materials and upstream supporting industry chains.
After the project is completed, it is estimated that the annual sales income will be 23.
According to Ningxia Daily, since the beginning of this year, Pingluo County has made every effort to speed up the project, coordinate and solve specific problems such as land, water, electricity, oil, gas, roads, etc.
Ningxia has recently strengthened investment in the BDO industry chain and degradable plastics industry chain, and has achieved great results
Recently, Wanhua Chemical also announced the establishment of its subsidiary Wanhua Chemical (Ningxia) Co.
In February this year, it was reported that the Ningdong Base in Yinchuan City, adjacent to Shizuishan City, planned a major project of "70 billion yuan", with a total investment of 95 billion yuan, to build Ningdong into "China Spandex Valley" and the world's largest counterpoint Aramid production base
