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On June 30, the cooperation project between Yongrong Holding Group and Nanchong - Yongying New Material's annual output of 800,000 tons of functional new material integrated industrial chain project, the first phase of the project was officially started in Nanchong Economic Development Zone
.
The total investment of the integrated industrial chain project of Yongying New Materials with an annual output of 800,000 tons of functional new materials is about 33 billion yuan, covering an area of about 5,000 acres.
The first phase of the project is expected to be completed and put into operation in December 2023
.
The environmental impact report published on the website of Sichuan Nanchong Economic Development Zone Management Committee shows that Yongrong Group plans to use natural gas as raw material and use acetylenic aldehyde technology to produce BDO, and extend to the downstream industry chain to implement "800,000 tons of functional new materials".
Integrated Industry Chain Project”
.
The project is planned once and implemented in stages
.
The first phase of construction includes a natural gas-to-acetylene plant, a formaldehyde plant, a 1,4-butanediol (BDO) plant, a polyadipate/butylene terephthalate (PBAT) plant, and a polytetrahydrofuran (PTMEG) plant.
And supporting public works and auxiliary production facilities, forming a production scale of 300,000 tons/year of BDO, 60,000 tons/year of PBAT and 60,000 tons/year of PTMEG
.