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In April, Wu Qing, Secretary of the Shanghai Municipal Party Committee and Vice Mayor, held a video conference with Jeff Gentry, Chairman and Chief Executive Officer of Nvidia. Invinia’s adiponitrile project, which is set to commence construction soon, was listed as one of Shanghai’s key construction projects for 2020 at the beginning of the year. At this meeting, Vice Mayor Wu Qing inquired with concern about the progress of the project. Jeff Gentry briefed Vice Mayor Wu Qing on the project, which is progressing steadily with the strong support of ** in Shanghai and the Shanghai Chemical Industry Park. Recently, Shanghai Gas Co., Ltd. and Shanghai Chemical Industry Park Industrial Gas Co., Ltd. have respectively signed natural gas sales agreements and industrial gas supply contracts with Invada. Shanghai Fubao Port Co., Ltd., Nvidia’s tank storage service provider, has also obtained the necessary permits and will begin construction of the tanks at the beginning of June this year. NVIDIA is working closely with all parties to make thorough preparations for the project’s groundbreaking ceremony in June. These advancements will support the smooth progress of the project and serve as a solid guarantee for the completion and operation of the entire production facility by 2022.
I seem to have seen news before about it using foreign-made process kits
In January this year, the project passed the Environmental Impact Assessment (EIA) and the Safety Preliminary Assessment (SA). At present, the detailed design and equipment procurement for the project are progressing smoothly, with 90% of the purchase orders for process equipment already issued. Construction is scheduled to begin this year, with operation set to start in 2022. “NVIDIA is confident about the growth of the Chinese market and will continue to advance our investment projects in the Shanghai Chemical Industry Park. ” Kyle Redinger, Vice President of Intermediates for Nvidia in the Asia-Pacific region, said, “Our estimates suggest that China could become the world’s largest market for nylon 6,6 in the coming years. It is crucial to base ourselves in China and serve this market in order to unlock its full potential. We will continue to strive to meet the strong demand for high-quality nylon products in both China and the Asia-Pacific region.” “ Upon completion, Invista’s new adiponitrile production facility will be integrated with its existing adipamide and polymer production facilities, enabling it to supply key raw materials directly to domestic customers and produce nylon 6,6 and other high-value products in China and the Asia-Pacific region. These products can be used in the automotive industry, as well as in the electrical and electronic industries, and in many other consumer and industrial products; they enable downstream designs to possess advantages such as light weight, heat resistance, and durability, thereby contributing to an improvement in people’s quality of life. Compared to other existing technologies, Nvidia’s latest adiponitrile technology offers numerous advantages, including increased product output, reduced energy consumption, lower greenhouse gas emissions, improved process stability, and decreased capital intensity.