Wanhua Chemical disclosed the new progress of several projects

On November 14, Wanhua Chemical held a performance briefing to explain the performance of the first three quarters and disclose the new progress
of a number of projects.

According to reports, Wanhua Chemical has become a leading enterprise
in the polyether industry through years of continuous technological innovation and a perfect upstream and downstream industrial chain of liquefied petroleum gas-propylene/ethylene-propylene oxide/ethylene oxide-polyether.
In the future, the polyether industry
will be further expanded and strengthened by expanding the global channel synergy of the diphenylmethane diisocyanate (MDI), toluene diisocyanate and polyether businesses.

Wanhua Fujian's 400,000 tons/year MDI plant is scheduled to be put into operation at the end of the fourth quarter of this year, when the company will have four MDI production bases
in Yantai, Ningbo, Fujian and Hungary.
In addition, the MDI separation plant under construction in Ningxia is expected to be put into operation
by the end of next year.

In terms of new materials, Wanhua Chemical has completed the pilot test of polyolefin elastomer, opened up the process flow, and produced qualified products, and is accelerating the industrialization project at this stage, with a planned production capacity of 200,000 tons per year in the first phase; The 50,000 tons/year lithium iron phosphate project under construction is expected to be completed and put into operation
in the first half of next year.
In addition, Wanhua Chemical recently established the Battery Materials Division to focus on the long-term strategic development of
the new energy industry.

Wanhua Chemical said that in recent years, the wood-based panel industry has grown rapidly, and the MDI aldehyde-free wood-based panel industry has maintained an annual growth rate
of 40%~50% in the past three years.
In the future, with the upgrading of consumption, people pay more and more attention to health and environmental protection, and Wanhua Chemical's MDI business still has great room
for growth in the aldehyde-free wood-based panel industry.

Recently, Wanhua Chemical has made a series of progress in key projects
.
On September 30, Yantai Municipal Bureau of Ecology and Environment made an approval decision on Wanhua Chemical Group Co.
, Ltd.
's 1.
2 million tons/year ethylene and downstream high-end polyolefin project, with a total investment of 17.
6 billion yuan.

On October 8, Ningbo Municipal Bureau of Ecology and Environment made an approval decision on Wanhua (Ningbo) 1.
8 million tons/year MDI technological transformation project and 180,000 tons/year hexanediamine project, which is planned to invest 941 million yuan
.
In addition, Wanhua Chemical 04,200 tons/year flavor enhancer, polycarbonate capacity expansion of 140,000 tons/year, 6,000 tons/year polycarbonate diol, ethylene polyvinyl chloride, 50,000 tons/year waterborne resin, 360,000 tons/year propylene oxide ethylene oxide derivatives and other projects, have also made progress
in environmental impact assessment.

According to the latest research report released by Guohai Securities, according to incomplete statistics, according to the average price in 2022, if all the existing planned projects of Wanhua Chemical are put into operation as scheduled, it is expected that 20.
8 billion yuan will be added in 2022, and the projects put into operation in 2022~2023 will add a cumulative annual revenue of 54.
2 billion yuan, and all projects will add 180.
8 billion yuan
after they are put into operation.