Yuxin’s 150,000-ton maleic anhydride project enters trial production! Maleic anhydride and BDO will continue to expand capacity

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Yuxin’s 150,000-ton maleic anhydride project enters trial production! The production capacity of maleic anhydride and BDO will continue to increase. Author/Source: Coal-based New Materials. Date: November 10, 2021. Clicks: 8. On November 9, 2021, Yuxin Co., Ltd. announced that the project for producing 150,000 tons of maleic anhydride per year had completed its construction work as well as equipment installation and commissioning. The trial production plan and the conditions required for trial production of the facility were reviewed by experts and approved by the Huizhou Emergency Management Bureau; thus, a confirmation letter regarding the approval of the trial production plan was obtained, meaning that the conditions for trial production are now in place. Currently, the project has entered the trial production phase. The project is located in the Huizhou Daya Bay Petrochemical Industrial Park. Yuxin Co., Ltd. stated that this project is an important part of the company’s efforts to pursue diversified development in the chemical and new materials industries. Once completed and put into operation, it will help the company generate new sources of profit growth, expand its product range and improve its product structure, thereby enhancing the company’s risk resistance and overall competitiveness – all of which will have a positive impact on its future development. ——An additional 90,000 tons of maleic anhydride will be added to expand the production of BDO and PBS-based biodegradable materials. On October 27, 2021, Yuxin New Energy Technology Co., Ltd. issued a announcement regarding this. Affected by the current trends in the development of biodegradable plastics in China as well as the dual-carbon policy, and in order to meet the company’s needs for the development of succinic anhydride within its butane-based industrial chain, Phase I (1) of the light hydrocarbons comprehensive utilization project is planned to be renamed Phase I of the light hydrocarbons comprehensive utilization project. Add another 90,000 tons of maleic anhydride and 160,000 tons of BDO production capacity. Project overview: Following these adjustments, Yuxin Co., Ltd. will gain an additional 90,000 tons of succinic anhydride production capacity, as well as another 160,000 tons of BDO production capacity! Furthermore, since the production capacity of the catalyst plants is insufficient to meet the future expansion of the maleic anhydride plant’s capacity, an additional oxidation catalyst plant with a capacity of 360 tons per year has been installed to meet the company’s development needs. Image: Adjusted project details: The specific components are planned to include a 240,000-ton/year maleic anhydride plant, a 280,000-ton/year maleic anhydride esterification and hydrogenation plant (BDO), a 60,000-ton/year PBAT/PBS plant, a 50,000-ton/year PTMEG plant, and a 360-ton/year oxidation catalyst plant, along with the utility systems required for the project; the investment amount is intended to be adjusted accordingly based on these project components. Adjusted project investment estimate: In the initial budgeting for the project, the cost of land was estimated at 50 million yuan; however, the actual cost of purchasing the land amounted to 2.6 billion yuan, requiring an additional investment of 2.1 billion yuan. Both the maleic anhydride plant and the maleic anhydride esterification and hydrogenation plant have seen an increase in production capacity, requiring an additional investment of 80 million yuan. A new oxidation catalyst unit has been added, with an additional investment of 130 million yuan. In summary, the investment increases by 420 million yuan compared to the original plan, resulting in a total adjusted investment of 3,383,570 million yuan. Adjusted project construction content and scale: Phase 1 of the light hydrocarbons comprehensive utilization project will involve the construction of a 240,000-ton/year maleic anhydride plant, a 280,000-ton/year maleic anhydride esterification and hydrogenation plant, a 60,000-ton/year PBAT/PBS plant, a 50,000-ton/year PTMEG plant, a 360-ton/year oxidation catalyst plant, as well as the necessary utility facilities for the project. Reasons for adjustments to the construction content and scale: Affected by **biodegradable plastics and carbon neutrality policies, the planned production capacity for biodegradable plastics such as PBAT/PBS in recent years has exceeded 15 million tons, resulting in a significant increase in the demand for 1,4-butanediol; accordingly, the planned production capacity for 1,4-butanediol has also increased markedly. At present, the production capacity of 1,4-butanediol via the alkyne-aldehyde method is constrained by environmental regulations, energy consumption, and raw material issues, making its implementation quite difficult. In the future, the impact of raw materials on biodegradable plastics PBAT/PBS will be even more pronounced than it is today. Therefore, the company expanded the capacity of its maleic anhydride esterification and hydrogenation plant to 280,000 tons per year. To meet the demand for steam and maleic anhydride, the production capacity of the maleic anhydride plant has been adjusted to 240,000 tons per year. Based on research on catalysts both internationally and domestically, the current production capacity of catalyst factories is insufficient to meet the future expansion of succinic anhydride production facilities. To meet the company’s development needs, an additional oxidation catalyst plant with a capacity of 360 tons per year will be installed. Meanwhile, to support the development of biodegradable plastic products in the future, a small number of additional side-line research facilities will be installed. ——Regarding Yu New Energy Technology: Pictures. Hunan Yu New Energy Technology Co., Ltd. was established in October 2009, and currently has three subsidiaries: Huizhou Yu Xin Chemical Co., Ltd., Huizhou Yu Xin New Materials Co., Ltd., and Huizhou Boke Environmental Protection New Materials Co., Ltd. Established in October 2009, Yuxin Chemical has a registered capital of 50 million yuan. It is located in the **-level petrochemical industrial park—the Huizhou Daya Bay Petrochemical Industrial Park—and covers an area of approximately 80,000 square meters. It is a **high-tech enterprise and currently the largest, most technologically advanced, and best-equipped carbon tetrafluoride deep-processing company in South China. Yuxin New Materials was established in 2018. Its 150,000-ton/year maleic anhydride plant under construction is nearing completion. Once the facility is put into operation, it will enable the company to improve its circular economy industry chain for the deep processing of butane derivatives, reduce overall costs, enhance the company’s profitability, and further promote green production. Boko New Materials was established in October 2020 with a total investment of around 15.9 billion yuan. By building projects related to PBAT, PDH, polypropylene, etc., it has carried out a comprehensive transformation to enter the field of research and development as well as production of new chemical materials.