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The official signing ceremony for Xinjiang Wangjinglong New Materials Co., Ltd.’s project to produce 2.6 million tons of PBAT (biodegradable plastic) per year was held on April 14th. Author/Source: Huahua Network – Coal Chemical Industry. Date: 2021-04-16. Clicks: 7. It is reported that the project can be divided into three parts in total; the PBAT project involving 2.6 million tons was announced in 2020. 1. PBAT industry chain project with an annual production capacity of 1.3 million tons: The annual production capacity is 1.2 million tons. The total investment in this PBAT industry chain project amounts to around 30 billion yuan. It includes a facility with an annual production capacity of 1.3 million tons of PBAT (of which the initial phase involves an annual production of 100,000 tons of PBAT, with two additional facilities capable of producing 600,000 tons of PBAT each); a facility for producing 400,000 tons of ethylene glycol per year, and a facility for producing 200,000 tons of POM (polyoxymethylene) per year. There is also a sector related to hydrogen energy. The PBAT production project with an annual capacity of 1.3 million tons at Xinjiang Wangjing Long New Materials Co., Ltd. was officially established on March 27, 2020, in the Petroleum and Petrochemical Industrial Park of the Shangku High-Tech Industrial Development Zone in Korla. Upon completion of the project, it is expected that the annual output value will reach 32.4 billion yuan, with profits and taxes amounting to around 9 billion yuan, while more than 3,000 new jobs will be created. On that day, Xinjiang Wangjing Long New Materials Co., Ltd. signed cooperation agreements with 9 partners regarding investment, process technology, and key equipment. Annual production of 100,000 tons: This project was signed and established in the Petroleum and Petrochemical Industrial Park of Shangku High-Tech Zone on March 27. The 100,000-ton per year PBAT production project of Xinjiang Wangjing Long New Materials Co., Ltd. is located at No. 88, Zhongtai Avenue, Korla Petroleum and Petrochemical Industrial Park, Bayingolin Mongol Autonomous Prefecture, Xinjiang. The main components of this project include the PBAT main unit, heat transfer fluid station, THF recovery unit, PTA warehouse, adipic acid warehouse, along with the associated raw material storage areas, air compression nitrogen generation station, circulating water station, sewage treatment station, etc. 2. The 100,000-ton/year PBAT production project: Xinjiang Wangjing Long originally had a plan to produce 100,000 tons of PBAT per year. 3. The 1.2 million tons per year PBAT production project: On September 21, 2020, China Tianchen Engineering Co., Ltd., Xinjiang Wangjinglong New Materials Co., Ltd., Harbin Electric International Engineering Co., Ltd., and China National Chemical Engineering Corporation’s 13th Construction Company jointly signed in Tianjin the EPC contract for the 1.2 million tons per year PBAT production project, as well as a letter of intent for financial cooperation. Xinjiang Wangjing Long New Materials Co., Ltd.’s project with an annual production capacity of 1.2 million tons of PBAT is located in the Shangku Petroleum and Petrochemical Industrial Park in Korla, Bayingolin Mongol Autonomous Prefecture, Xinjiang. The total investment in this project amounts to 2,163,208 million yuan. It involves the construction of 2 PBAT production units with an annual capacity of 600,000 tons each, 3 adipic acid production units with an annual capacity of 150,000 tons each, 8 BDO production units with an annual capacity of 100,000 tons each, 2 acetylene production units with an annual capacity of 150,000 tons each, along with supporting utility systems and production auxiliary facilities. The main raw materials include natural gas, benzene, hydrogen, formaldehyde, PTA, etc. The project has been registered with the Development and Reform Commission of Bayingolin Mongol Autonomous Prefecture in Xinjiang (Registration certificate number: 2020008)