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Sanyou Chemical has unveiled a 57 billion yuan development plan to establish an industrial framework of “three chains and one group”

2022-03-17View Original

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On the evening of March 15, Sanyou Chemical released its \"Three Chains and One Cluster\" industrial development plan, aiming to accelerate the growth of the specialty marine economy, expand the scale of the circular economy, and establish an industrial structure based on \"Three Chains and One Cluster\" – namely, a circular economy industry chain involving \"two alkalis and one chemical product\", an organic silicon new materials industry chain, a fine chemicals industry chain, and a strategic industry cluster for new energy and new materials. The company strives to become a leading enterprise in the fields of salt chemicals and new chemical materials within Hebei Province’s coastal economic zone, with a total investment volume of around 57 billion yuan planned. Sanyou Chemical plans to invest 10 billion yuan to improve the circular economy industry chain of “two alkalis and one chemical”. “During the 14th Five-Year Plan period, in line with the projects that consume chlorine and alkali in the park, efforts will be made to develop projects for producing 300,000 tons of caustic soda and its downstream products. A project for producing 300,000 tons per year of green cellulose fibers using the new solvent method is also planned, with the construction of the first phase of this production line, capable of producing 60,000 tons per year using the same method, being advanced. Advance the development projects for the resource utilization of soda ash by-products, and develop green building material technologies such as new environmentally friendly engineering materials based on alkali slag, in order to achieve the resource utilization of alkali slag. Advance technical development projects for functional resins and chlorine downstream products, and develop functional specialty resins as well as high-end chlorine-derived products. “During the 15th Five-Year Plan period, based on the market development prospects for the products of the first phase of the project for producing green cellulose fibers using the new solvent method at a capacity of 60,000 tons per year, efforts will be made to advance the development of the second and third phases of this project, with a combined capacity of 240,000 tons per year for green cellulose fibers produced using the new solvent method. Sanyou Chemical plans to invest around 9 billion yuan, focusing on developing upstream silica bases, expanding production capacity for individual products, and advancing new material industries such as silicone rubber. “During the 14th Five-Year Plan period, approximately 8 billion yuan will be invested to focus on developing projects such as the expansion project with an annual production capacity of 200,000 tons of silicone, as well as some downstream projects. “During the 15th Five-Year Plan period, an investment of around 1.5 billion yuan will be made to acquire 500 mu of new land in the Nanbao Development Zone, with a focus on developing the fourth phase of the project, which has an annual production capacity of 200,000 tons, as well as downstream projects. Sanyou Chemical plans to invest 16 billion yuan to build a regional circular economy demonstration zone to high standards, leveraging its experience and industrial advantages in the salt chemical industry. By integrating with the petrochemical and coal chemical industries in the Caofeidian Chemical Park, it aims to develop the fine chemical industry there. “During the 14th Five-Year Plan period, driven by 300,000 tons per year of ion-exchange membrane caustic soda, projects for high-end new materials and functional resins and other fine chemical products derived from chlorine will be developed, thereby achieving a basic balance in chlorine usage. “During the 15th Five-Year Plan period, depending on the progress of market developments and related supporting projects, the 250,000-ton ion-exchange membrane caustic soda production facility will be expanded at an appropriate time; efforts will be made to develop high-end new materials and functional resins derived from chlorine and hydrogen, as well as other fine chemical products, in order to maintain a balance in chlorine usage, with long-term goals of developing the hydrogen energy industry chain. Develop complementary facilities in an appropriate timing or participate in district heating and power generation projects in the park. Sanyou Chemical plans to invest around 22 billion yuan to develop industrial clusters in new energy and new materials. “During the 14th Five-Year Plan period, with projects such as photovoltaic power generation and seawater desalination as key focuses, efforts will be made to develop projects involving 500MW of photovoltaic power generation, 50,000 tons per day of seawater desalination capacity, as well as other high-value-added new materials such as bromine and magnesium. “During the period from the 14th to the 15th Five-Year Plans, projects such as 3.5 GW of photovoltaic power generation, 100,000 tons per day of seawater desalination, hydrogen production using green electricity, and hydrogen energy utilization will be developed in a phased manner at the appropriate time. In addition, Sanyou Chemical will establish a Research Institute for Green Chemistry and New Materials, setting up laboratories for organic silicon new materials and the comprehensive utilization of seawater, in order to provide technical support for the development of the “three chains and one group” strategy. On the same day, Sanyou Chemical also announced that, in order to develop and strengthen the organic silicon new materials industry, it plans to spin off its silicon business unit and list it on a domestic stock exchange. The silicon industry company has an annual production capacity of 200,000 tons for silicone monomers; another 200,000 tons in capacity is under construction, and once it is operational, the annual production capacity will reach 400,000 tons per year. Downstream products have gradually been categorized into six major groups, comprising nearly 100 different varieties, including DMC, dimethyldichlorosilane hydrolysates, 107 adhesive, 110 adhesive, high-hydrogen silicone oils, high-boiling-point silicone oils, and adhesives used for encapsulating electrical components. Sanyou Chemical released its annual report for 2021 on that day; the company achieved operating revenues of 23.182 billion yuan, a increase of 30.38%. Its net profit for 2021 was 1.671 billion yuan, representing a year-on-year increase of 133.04%.

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