Thread Content
Yongdong Co., Ltd. has been granted a utility model patent, which will assist in the deep processing of coal tar and the production of carbon black products. Author/Source: Coal Tar Deep Processing and Hydrogenation Technology Collaboration Group. Date: 2020-07-31. Clicks: 40. Shanxi Yongdong Chemical Co., Ltd. (referred to as “Yongdong Co., Ltd.”) recently announced that it has received a patent certificate issued by the Intellectual Property Office; the company has been granted a utility model patent for a nozzle device used as a raw material for conductive carbon black, with a patent validity period of 10 years. Yongdong Co., Ltd.’s main business involves the processing of coal tar as well as the production and sales of carbon black products. In recent years, the company has focused on advancing its technology strategy, driving innovation and creating new sources of momentum; it adheres to research and development as a key priority and actively pursues a strategy of developing the enterprise through technology. The 2019 annual report shows that as of the end of last year, the company held a total of 29 patents, of which 13 were invention patents and 16 were utility model patents. Regarding the acquisition of this utility model patent, Yongdong Shares states that it will not have a significant impact on the company’s production and operations; however, it will help to leverage the company’s advantages in terms of proprietary intellectual property, foster technological innovation, and enhance the company’s competitiveness. On April 28, 2020, Shanxi Yongdong Chemical Co., Ltd. announced that it intended to raise funds through the public issuance of convertible corporate bonds, with the proceeds to be used primarily for projects related to the refined processing of coal tar and the comprehensive utilization of special carbon blacks. The total investment in this project is 293,893,800 yuan. The preliminary planned construction period for this project is 24 months. Once completed and brought into operation, it will enable an additional production capacity of 15,000 tons per year for the refining of crude phenols such as coking phenol and m-p-cresol, 20,000 tons per year of impregnation asphalt, and 70,000 tons per year of special types of carbon black, including high-performance low-rolling-resistance carbon black, carbon black for high-end products, conductive carbon black, and carbon black with high pigment content. The announcement states that the project for the fine processing of coal tar and the comprehensive utilization of special carbon blacks includes production facilities such as devices for refining crude phenol, devices for producing impregnated asphalt, devices for producing special carbon blacks, tanks for storing raw materials and finished products, as well as finished product warehouses, along with various supporting auxiliary facilities and utility systems. The successful implementation of the projects funded by this raise will fully leverage Yongdong Co., Ltd.’s advantages in the circular economy industry chain, enable the development of new types of high-end carbon black, and help the company advance its carbon black products toward higher quality levels. This will lead to more sophisticated, differentiated, and large-scale carbon black products. At the same time, it will further expand the industrial chain for the refined processing of coal tar, increasing the variety of high-value-added chemical products derived from coal tar. This is of great significance for the company’s expansion into the field of new materials as well as for the transformation and upgrading of its product structure. Yongdong Co., Ltd. is located in the New Coal-Coke Chemical Industry Park in Jishan County, Shanxi Province. The company focuses on the continuous expansion and efficient utilization of the value-chain related to the deep processing of coal tar, having developed a sustainable circular economy business model that integrates \"carbon black production + coal tar processing + waste gas power generation + fine chemicals.\" By gradually increasing the production and sales volume of its core products, the company enhances its scale efficiency ； On the basis of strengthening its core business in carbon black, the company makes full use of the advantages of its circular economy industry chain, gradually expanding into areas with high technical complexity such as the fine processing of coal tar products and high-quality carbon black, striving to become a competitive high-end chemical products manufacturer with a complete industry chain. Once the project is completed and put into operation, the company will introduce new types of specialty carbon blacks, including high-performance carbon blacks with low rolling resistance, carbon blacks for high-end products, conductive carbon blacks, and carbon blacks with high pigment content. These carbon blacks can be used in the industries of green tires, industrial rubber products, plastics, inks, and coatings. According to predictions by China Rubber Network, the market size for specialty carbon blacks is expected to grow at a compound annual growth rate of 8.1% from 2020 to 2025. The development of the entire industrial chain for new carbon black materials holds great promise. It is worth noting that since its establishment, Yongdong Co., Ltd. has been actively engaged in research in the field of new fine chemical materials. Over the years, it has conducted in-depth studies on new products and materials such as high-performance carbon black, refined crude phenol, and impregnated asphalt, accumulating extensive experience and obtaining relevant technical patents. At the same time, the company has already reached cooperation agreements with enterprises that possess experience in carrying out crude phenol refining project construction, the necessary technical capabilities, and the relevant qualifications. According to the American publication “Rubber World,” market research firm Stratview Research recently released a report stating that there is a significant demand gap in the mid-to-high-end carbon black market – products such as low-rolling-resistance carbon black required for green tires and carbon black used in high-end applications. The market for specialty carbon black is expected to grow at a compound annual growth rate of 8.1% from 2020 to 2025. A report by Research and Markets predicts that the market for green low-rolling-resistance tires will reach $104.23 billion by 2022.