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Domestic news: The country’s second electronic chemicals industrial zone began construction in Yichang. On April 24, the country’s second and Central China’s first electronic chemicals industrial zone was inaugurated in Yichang. It is understood that the Hubei Electronic Chemicals Special Zone is planned to cover an area of 1,500 mu, with a total investment of around 5 billion yuan and a construction period of 58 months. It will focus on research and development, technological innovation, and industrialization of wet electronic chemicals, electronic-grade specialty gases, electronic-grade plating solutions, and electronic-grade silicon materials. The total investment for the projects that are set to commence construction simultaneously, such as electronic-grade etching solutions, electronic-grade hydrogen peroxide, electronic-grade sulfuric acid, and electronic-grade hydrofluoric acid, as well as facilities like the intelligent management system for specialized areas, roads, and pipeline networks, amounts to 2 billion yuan. Upon completion, it will have an annual production capacity of 550,000 tons, enabling the substitution of imported products with domestic versions of various electronic chemicals, and will thus become a top-tier research, development, and production base for electronic chemicals in China. Dongfang Shenghong plans to acquire control rights in Jiangsu Sierbang. On the evening of April 25, Dongfang Shenghong issued a statement saying that the company is planning to purchase all or control rights in Jiangsu Sierbang Petrochemical Co., Ltd. (hereinafter referred to as “Sierbang”) by issuing shares and paying cash, while also raising additional funds for this purpose (hereinafter referred to as “this transaction”). In accordance with relevant laws and regulations such as the Measures for the Administration of Major Asset Restructurings of Listed Companies, this transaction is expected to constitute a major asset restructuring as well as a related-party transaction, but it does not constitute a restructuring-led listing. Dongfang Shenghong stated that due to the uncertainties surrounding these matters, and in order to protect the interests of investors and prevent any significant impact on the company’s stock price, in accordance with the relevant regulations of the Shenzhen Stock Exchange, and upon the company’s application, its stocks and convertible corporate bonds were suspended from trading starting at the opening time on April 26. Meanwhile, the company expects to disclose the details of this transaction within no more than 10 trading days, that is, to release the relevant information by May 13 in accordance with the requirements of \"Guidelines No. 26 on the Content and Format of Information Disclosure by Companies Issuing Securities to the Public – Major Asset Restructurings of Listed Companies\". Shenma Shares reported a net profit of 346 million yuan for the first quarter of 2021. On the evening of April 23, Shenma Shares released its report for the first quarter of 2021; the company’s revenue for that quarter was 2.997 billion yuan, representing a 19.19% increase compared to the previous year ； The net profit attributable to the parent company was 346 million yuan, representing a year-on-year increase of 551.83% ； Basic earnings per share was 0.40 yuan, a year-on-year increase of 344.44%. Regarding the changes in performance, Shenma Shares stated that the company had a good start to the 14th Five-Year Plan period. The net profit for the first quarter of 2021 reached a new high for any single quarter since the company went public. This was mainly due to an increase in both volume and price for the company’s three main nylon 66 products. Among them, nylon 66 chips, which account for the largest share of total revenue, saw not only a 34.16% increase in sales volume on a year-on-year basis, but also an average selling price that increased by 39.77% on a year-on-year basis and by 34.04% on a quarter-on-quarter basis. Several securities firms have previously pointed out that the company is the biggest beneficiary in the A-share nylon 66 industry chain; with the improvement in industry performance in the first quarter, the company’s financial results exceeded expectations. The upgrade and transformation project for Guangxi Petrochemical is about to begin. Recently, a public consultation on the analysis of social stability risks related to this integrated upgrade and transformation project by CNPC Guangxi Petrochemical was made available; the project is set to start soon, with completion planned for 2024. The total investment for this project is approximately 30 billion yuan, with a construction period of 36 months. The construction contents and scale include the adaptive renovation of the refining section and the construction of a new chemical processing section. The adaptive renovation of the refining section involves the renovation of a 2.2 million tons per year wax oil hydrocracking unit, a 2.4 million tons per year diesel hydrotreating unit, the construction of a new carbon dioxide recovery unit, as well as the renovation of the storage and transportation systems ； The chemical processing section includes newly built facilities for 1.2 million tons per year of ethylene cracking, 450,000 tons per year of HDPE, 500,000 tons per year of FDPE, 20+100,000 tons per year of EVA, 2×300,000 tons per year of polypropylene, 6/15 tons per year of SBS/SSBR, 500,000 tons per year of gasoline hydrogenation (including styrene extraction), 300,000 tons per year of aromatic extraction, 160,000 tons per year of butadiene extraction, 10/60,000 tons per year of MTBE/butene-1, and 50,000 tons per year of hexene-1; in addition, there are wastewater treatment plants, chemical storage and transportation systems, as well as utility facilities. Lunan Chemical’s 300,000-ton caprolactam project is on track for commissioning; recently, Yankuang Lunan Chemical Co., Ltd. held a meeting to advance the commissioning process for this 300,000-ton/year caprolactam project. It is understood that the total investment in the project is approximately 3.755 billion yuan, and it is located within the premises of Yankuang Lunan Chemical Co., Ltd. in the Lunan High-Tech Chemical Industry Park. Building a plant with an annual production capacity of 270,000 tons of ** and 300,000 tons of caprolactam, while simultaneously producing 60,000 tons of cyclohexane and 400,000 tons of sulfuric acid, along with the necessary auxiliary facilities, is a key project for the transformation of old and new economic drivers in Shandong Province. This project adopts the internationally advanced ammonia oximation process technology for the production of caprolactam. The main process units include the ** unit, the caprolactam unit (which comprises an ammonoximation unit, a liquid-phase rearrangement unit, and a neutralization and crystallization unit), a hydrogen peroxide unit, and a sulfuric acid unit (among which the ** unit is a single production line with an annual capacity of 270,000 tons) ； The hydrogen peroxide production facility is a single-line setup, with an annual production capacity of 400,000 tons ； The sulfuric acid plant is a single-line setup, with an annual production capacity of 400,000 tons ； The ammonia oximation plant is a single-line setup, with an annual production capacity of 300,000 tons, etc. Unilever introduces its first \"purple carbon\" laundry beads. On April 22, Unilever China launched OMO \"Air\" laundry beads, the world’s first cleaning product to use carbon capture technology in the production of surfactants. This is another innovative achievement by Unilever on its path toward carbon neutrality. The Magic “Air” laundry beads are the result of the application of \"purple carbon\" from among the \"rainbow carbons\". The innovation of the ingenious “Air” laundry beads lies in the fact that their surfactants are made from carbon obtained through carbon capture. This makes it the first cleaning product on the global market to use this surfactant. Meanwhile, with the help of its partners, Unilever not only established a production chain for the clean ingredient \"purple carbon,\" but also incorporated surfactants produced using carbon capture technology into its cleaning products, breaking away from the conventional practices that have prevailed in this industry for nearly a century and promoting its green and sustainable development. A flash explosion occurred at a methanol plant in Xiaoyi, Shanxi. At around 18:05 on April 24, a flash explosion took place at the outlet of the second stage cooler in the raw material gas section of the purification workshop at Xiaoyi Shengshi Fuyuan Methanol Manufacturing Co., Ltd. (this area is unattended and is operated remotely); the system was shut down safely, and nitrogen was used to maintain pressure in order to prevent any secondary disasters. The shock wave damaged the glass in some factory buildings as well as the glass in some residential homes in the vicinity; no injuries were reported. The cause of the accident is currently under investigation. International News: Sibur and TAIF to merge their petrochemical businesses. On April 23, Russia’s largest petrochemical company, Sibur, and Russia’s leading oil refining and gas processing company, TAIF Group, announced that they would combine their petrochemical operations. This merger will result in one of the world’s largest producers of polyolefins and rubber. Under the terms of the agreement, TAIF’s shareholders will receive 15% of the shares in PJSC Sibur in exchange for control over this producer based in Tatarstan. In exchange, they will transfer control rights over TAIF’s petrochemical and energy company group. 3M announced that it will reduce the use of non-renewable plastic products through innovative technologies. On April 23, 3M said it would cut back on the use of non-renewable plastics derived from oil, and aims to achieve a new sustainability goal by 2025: to reduce the use of such non-renewable oil-based plastics by 125 million pounds. To achieve this new goal, 3M is innovating and upgrading the products and packaging of its consumer goods division. This includes using recyclable materials and bio-based plastics, as well as reducing plastic usage through clever design. For example, 3M? Scotch-Clear?’s recycled materials are 100% made from fibers produced from recycled plastic products. It not only reduces the environmental impact of plastic products, but also, thanks to its excellent properties, is an ideal alternative to traditional materials such as cotton and down. Through a series of related initiatives, 3M is accelerating its move toward a future based on renewable plastics; it plans to reduce the use of 125 million pounds of non-renewable petroleum-based plastics by the end of 2025, an amount equivalent to more than five times the weight of the Eiffel Tower. AkzoNobel to launch new bio-based PA11 plant in Singapore – According to recent reports from foreign media, AkzoNobel has confirmed that it will start producing the amino undecanoic acid monomer and its flagship product Rilsan? polyamide 11 (PA11) high-performance polymer at its new plant on Jurong Island in Singapore during the first half of next year. This means that AkzoNobel’s global production capacity for PA11 will increase by 50%. The raw materials used in production at this factory will be 100% derived from renewable castor seeds. Upon completion of the project, the Singapore factory will become the world’s largest integrated facility for bio-based monomers and polymers, dedicated to the production of high-performance polymers. This means that Acoma’s global PA11 production capacity will increase by 50%. Acoma’s total investment in this region amounts to approximately 450 million euros, which also includes investments in downstream polyamide production capacity in China. Kumho Mitsui Chemical will invest in expanding MDI production. Recently, Kumho Mitsui Chemical said it will invest around 400 billion won (358.1 million dollars) to expand its chemical manufacturing plant in southwestern Korea. The joint venture between South Korean synthetic rubber manufacturer Kumho Petrochemical and Japanese company Mitsui Chemicals said that its shareholders have approved an investment plan to expand the diphenylmethane diisocyanate (MDI) plant in Ulsan, located 455 kilometers southwest of Seoul. Kumho Mitsui Chemicals states that once the expansion is completed in 2024, its annual MDI production capacity will rise from the current 400,000 tons to 610,000 tons, which is expected to boost sales by over 1.5 trillion won. Disclaimer: The content contained herein is sourced from the Internet, WeChat official accounts, and other public sources. We maintain a neutral stance regarding the views expressed in it; this article is intended solely for reference and discussion purposes. The copyright of the reproduced articles belongs to the original authors and institutions; if there is any infringement, please contact us to have it removed. Source: China Chemical Industry Information Weekly