[Haichuan Chemical Salary News] Fujian Fuqing Jiangyin Cornell’s 400,000 tons/year MDI project approved

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Fujian Cornell’s 400,000-ton/year MDI project approved On October 22, reporters learned from the Fujian Provincial Development and Reform Commission that Fujian Cornell Polyurethane Co., Ltd.’s 400,000-ton/year MDI project has been approved. Fujian Cornell Polyurethane Co., Ltd.’s 400,000 tons per year MDI project. Location of construction: Jiangyin Town, Fuqing City, Fuzhou Province, Fujian Province. Constructor: Fujian Cornell Polyurethane Co., Ltd. Project overview: Fujian Cornell Polyurethane Co., Ltd. is a joint-stock company; its shareholders are Cornell Chemical Industries Ltd., Fujian Petrochemical Group Co., Ltd., and Fuzhou State-owned Assets Investment and Development Group Co., Ltd., with shares held at 55%, 25%, and 20% respectively. The company’s registered capital is 2.8 billion RMB. The site of this project is located to the south of Dongnan Electrochemical Co., Ltd., in the Jiangyin Industrial Zone on the Jiangyin Peninsula in Fuqing City, Fujian Province. The project is constructed in two phases. The first phase involves an MDI plant with an annual production capacity of 400,000 tons, along with facilities for producing 55,000 tons of formaldehyde per year (based on 100 wt% formaldehyde) and 100,000 tons of ODC hydrochloride per year (based on 100% Cl2). Phase II includes the construction of facilities with capacities of 480,000 tons per year for ***, 360,000 tons per year for aniline, and 270,000 tons per year for nitric acid. The land for the project is industrial land designated within the Jiangyin Industrial Cluster, with a total area of 566,434 m2. The approved total investment for the project amounts to 6,601,840,000 yuan, of which 5,604,580,000 yuan is allocated to the first phase of construction. The first phase of the project is scheduled to begin operations in October 2019, while the second phase is set to start construction in 2020 and go into operation in December 2021.