[Haichuan Chemical News] Daqing signs deal for 700,000-ton polycarbonate and 17 billion yuan worth of downstream chemical projects

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According to **net in Daqing City, on November 3, the High-Tech Zone of Daqing City and Jilin Xingyun Chemical Co., Ltd. under Jihua Group signed a cooperation agreement for a project aimed at producing 700,000 tons of polycarbonate as well as developing an industrial park for automotive chemicals. Under the agreement, the total investment for this project is planned to be 17 billion yuan, with the site selected to be in the Linyuan Industrial Park. Once the project is operational, it is expected to generate annual sales revenue of 37 billion yuan. The project will be implemented in two phases; the first phase requires an investment of 8.7 billion yuan, and upon reaching full production capacity, it will be able to generate annual sales revenue of 16.3 billion yuan. In the first phase, focus will be placed on building production facilities for 240,000 tons per year of polycarbonate and 70,000 tons per year of PC/ABS alloys; simultaneously, supporting facilities for ethylene oxide/ethylene glycol, phenol/propane, diphenyl carbonate, dimethyl carbonate, bisphenol A, etc., will also be constructed. Construction is scheduled to begin in April next year, with operation set to start in July 2021. Phase 2 of the project and the downstream automotive chemicals industrial park project will be launched in a timely manner according to the schedule. It is understood that Jihua Group Xingyun Chemical is a group company that focuses on the research, development, production, and sales of chemical additives, automotive chemicals, tires, and other products, offering hundreds of products across three major series.