Yizheng chemical fiber 4 million tons of high-end green new material integration project signed

On the afternoon of September 27, the signing activity of the 4 million tons of high-end green new material integration project of Sinopec Yizheng Chemical Fiber Company with a total investment of 16.
5 billion yuan was held
in Yangzhou.
Zhang Baojuan, secretary of the Yangzhou Municipal Party Committee, attended the event and delivered a speech, Yu Xizhi, director of Sinopec Group Corporation and vice president of the joint-stock company, delivered a video speech, Yangzhou leaders Wang Jinjian, Zhang Changjin and Tang Weihua participated in the event, Guo Xiaojun, general manager of Yihua Company and deputy secretary of the party committee, made a project introduction, Sun Jiannian, secretary of the Yizheng Municipal Party Committee, presided over the ceremony, and Liu Jianjun, deputy general manager of Yihua Company, signed a contract
with Li Lin, deputy secretary of the Yizheng Municipal Party Committee and mayor.

In recent years, Yizheng Chemical Fiber Company has based on the new development stage, implemented the new development concept, closely focused on the industrial layout of Sinopec's strong and better aromatic hydrocarbon industry chain, actively integrated into Yizheng City to create a "one district and three places" strategic deployment, adhered to innovation-driven, green leadership, structural optimization, and promoted the construction of a number of major projects such as 3 million tons / year PTA, and the total amount of operation and comprehensive competitiveness continued to improve, taking a solid step of
high-quality development.

According to the layout of Sinopec's aromatics industry chain, on the basis of the construction of a 3 million tons/year PTA project, in order to further extend the chain, supplement the chain, strengthen the chain, and enhance the comprehensive competitiveness of the whole industry chain, the company plans to invest 16.
5 billion yuan to plan and build a 4 million tons of high-end green new material integration project step by step, and build a demonstration base
for the downstream industrial chain of Sinopec aromatics.
The total investment of the first phase is 3 billion yuan, including an annual output of 230,000 tons of intelligent polyester staple fiber, 500,000 tons of a new generation of polyester bottle flakes, and 120,000 tons of PBT flexible production line
.
The second phase of the total investment of 13.
5 billion yuan, the construction of a number of high-end green new materials production equipment and supporting facilities
.
These projects, all of which adopt Sinopec's independent research and development technology, are the technical accumulation of Yihua Company in the field of polyester for more than 40 years, and its energy consumption, carbon emissions and other indicators are at the leading level
in China.
When fully operational, sales revenue and tax revenue
will be significantly increased.
Yang Yong and Liu Nan, leaders of Yihua Company, Zhongling, Liu Chunhua and Ding Xuehai, leaders of Yizheng City, and responsible persons of relevant departments of Yangzhou City and Yizheng City attended the event
.