Wanhua Chemical: Meishan base new project started, the chemical giant continues to move towards new materials.

On June 22, the Meishan Municipal People's Government website published a recent EIA announcement, in which the lithium battery 3 yuan material project and biodegradable polyester project at Wanhua Chemical Meishan Base are listed.
production of 10,000 tons of lithium battery three-way material project
construction unit: Wanhua Chemical (Sichuan) Co., Ltd.
construction content: the total investment of the project 116.026 million yuan, the annual output of lithium battery three yuan positive material 10,000 tons, utilities and auxiliary facilities, by-products without water sodium sulfate 7700 tons.
production of 60,000 tons of biodegradable polyester project
construction unit: Wanhua Chemical (Sichuan) Co., Ltd.
construction content: the total investment of the project 359.6746 million yuan, the annual production of biodegradable polyester tablets 60,000 tons, public works facilities and auxiliary facilities, by-product tethydrofuran 6600 tons .
related reading:
1, the company's Meishan base of the new project into the EIA publicity stage, meaning that the construction of Meishan base into a new stage. The two new projects announced by EIA are the company's 10,000-ton lithium battery tri-material project and 60,000-ton biodegradable polyester project at its Meishan base in Sichuan Province, with plans to invest 1.16 billion yuan and 360 million yuan, respectively.
2, Meishan base steady progress, the company along the direction of new materials to expand the strategy gradually landed. According to the list of key provincial projects disclosed by the Meishan Municipal Government, the company plans to invest 1.36 billion yuan in the first phase of the Meishan base project to build an annual output of 250,000 tons of high-performance modified resin (mainly including 100,000 tons of modified PP, 100,000 tons of water-based resin, 50,000 tons of modified PC), which is expected to be completed in 2020. Meishan Base Phase II project plans to invest a total of 40 billion yuan, planning and construction of high-performance resins and water-based coatings, biofermentation and biodegradable plastics, lithium battery materials, vitamins and nutritional chemicals four major industrial chain 11 projects. The two projects announced in this EIA belong to the second phase of the Meishan base project, which also means that the company's Meishan base phase II project officially started, the company along the direction of new materials to expand the strategy will gradually land.
3, new materials is one of the strategic direction of China's future key development, the market space is broad, worthy of the company's long-term key layout. The company launched the EIA phase of the two new materials projects, respectively, corresponding to new energy lithium-powered batteries and plastic pollution control two areas, are strongly promoted by the current policy, the future industry space growth faster, more certain areas. The new materials industry is one of the strategic directions of China's future key development, is China's manufacturing industry to high-end science and technology industry chain transformation and upgrading of an important industrial base, and the industry space is vast, the domestic market alone on at least trillions of market demand. The company's long-term layout to the new materials industry, for the expansion of the company's long-term growth space is of great significance.
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