Updates on Wanhua (Fujian)’s 400,000 tons/year MDI project: investment of 3 billion yuan
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On April 10, Li Baoping, the safety director of Saiding Engineering Co., Ltd., led a six-member inspection team to conduct a comprehensive review of project safety production, quality control, and refined management at the EPC project department for Wanhua Chemical (Fujian) Isocyanate Co., Ltd.’s 400,000 t/a MDI project, including its auxiliary facilities. During the inspection, the project team first provided an overview of the project and its current operational status, and explained the project’s characteristics as well as the problems and risk factors identified during its implementation. In accordance with the group’s and company’s regulations regarding safe production and refined management, the inspection team conducted thorough examinations during subsequent inspections in areas such as project control models, project planning, organizational management, contract management, cost management, financial management, compensation and performance systems, information technology utilization, human resource management, process control and schedule management, QHSE management, and project-related party building. The team provided effective guidance and recommendations, urging project teams to strengthen and improve process control to ensure that safety and quality management are properly implemented. In March 2020, Wanhua Chemical and Fujian Petrochemical signed a joint venture agreement; the two parties intended to jointly invest in establishing Wanhua Fujian. Under the joint venture agreement signed by both parties, the joint venture company acquires 64% of the shares of Fujian Cornell at zero cost, and proceeds to build a 400,000 t/a MDI and aniline production facility through Fujian Cornell ； The joint venture plans to build a TDI plant along with associated facilities, expanding TDI production capacity to 250,000 tons per year; it also intends to construct a PVC plant with an annual capacity of 400,000 tons and to continue developing the large-scale gasification project. Source: Refining and Petrochemical News
Wanhua is a giant in the polyurethane industry
Yes, the only one in the Asia-Pacific region with price control power
They have the technology; you can also produce it. The key issue is what to do if production isn’t possible
Well, you could say that. Moreover, efforts are being made to turn Wanhua into the \"Huawei\" of the chemical industry. In the oligopolistic industry of polyurethanes, Wanhua Chemical’s main competitors are four companies: BASF, Covestro, DowDuPont, and Huntsman. Wanhua Chemical has an annual production capacity of 1.8 million tons, which is second only to BASF’s 1.81 million tons, making it the second-largest producer in the world.
Wanhua now has an MDI production capacity of over 180 units; Ningbo will increase its capacity to 180 units this year