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On June 8, Xinjiang Zhongtai Chemical Co.
, Ltd.
announced that Xinjiang Zhongtai Jinhui Technology Co.
, Ltd.
, a wholly-owned subsidiary of the holding subsidiary Jinhui Zhaofeng, plans to invest in the construction of an annual output of 300,000 tons of BDO (1 ,4-butanediol) project, the construction period is expected to be 27 months, and the total investment of the project is 5.
116 billion yuan
.
The project is located in the new area of Baicheng County Industrial Park, Aksu District, Xinjiang.
It is planned to build 120,000 tons/year calcium carbide acetylene, 3×100,000 tons/year BDO, 3×240,000 tons/year methanol to formaldehyde, and 28,000Nm³/h natural gas hydrogen production units
.
Zhongtai Chemical said that BDO, as the main raw material for the production of biodegradable plastics, has been in short supply and soaring prices in recent years, driven by its emerging downstream products PBAT/PBS and traditional downstream products PTMEG
.
Jinhui Technology relies on local advantageous resources to build this project, which will help the company to strengthen the chemical industry chain, supplement the chain and extend the chain, and consolidate the industrial advantage and industry leading position
.
Aksu area is rich in resources, especially coal, oil, natural gas, rock salt reserves
.
Baicheng County has large reserves of coal resources, complete varieties, good quality and easy mining.
It is one of the million-ton coal-producing counties.
Coking coal and limestone are indispensable resources for the upstream raw material calcium carbide production of the project
.
The advantages of local resource allocation provide good support conditions for the development of the heavy chemical industry, enabling the project to rely on calcium carbide, natural gas, water, electricity and other raw materials and public works, with preferential prices and sufficient supply
.
At present, Jinhui Technology has signed a general contract for the project with Chengda Engineering, and the contract price is about 4.
284 billion yuan (provisional estimate)
.