【Haichuan Chemical Salary News】! Cangzhou Dahuahua to invest 2.123 billion yuan to launch a 100,000-ton PC project

The announcement states that this investment and construction will help to fully leverage the company’s strengths in the production of phosgene-based products, as well as expand the range of such products. Once the PC project is completed, it will become a new source of profit growth for the company, helping to address the issue of a limited product portfolio and enhancing the company’s ability to withstand risks. Recently, approval has been granted for 70% of the project’s investment funds, amounting to around 1.5 billion, in the form of bank loans. The company will arrange the funds accordingly and determine appropriately the methods and timing of payments, to ensure the smooth implementation of the project. It is understood that the company is a key player in the domestic production of TDI using the phosgene method, with many years of experience in phosgene production. It has certain advantages in developing subsequent product lines based on phosgene as a raw material. To enhance its overall competitiveness and resilience in the industry, the company has been seeking PC production technologies based on the phosgene method for many years. Cangzhou Dahua New Materials Co., Ltd. (hereinafter referred to as the “New Materials Company”) possesses internationally advanced production technology for polycarbonate via the phosgene interfacial method, as well as a **approved PC production project with an annual capacity of 100,000 tons. In order to make full use of its expertise in phosgene-based production, the company has established **policy-supported projects to expand the range of phosgene-based products; for this purpose, it acquired a new materials company to carry out PC production projects. In 2019, the company acquired 100% of the shares in the new materials company through an open bidding process at the property rights trading center. The PC project was in the preliminary construction stage; after the acquisition was completed, Cangzhou Dahuahua continued to invest in its development. To make use of the company’s phosgene production capabilities, following the aforementioned acquisition, the company restructured its internal assets by transferring the PC project of the new materials company to the Juhai branch of Cangzhou Dahuahua Co., Ltd. for development.

In 2019, the company acquired 100% of the shares in the new materials company through an open bidding process at the property rights trading center. The PC project was in the preliminary construction stage; after the acquisition was completed, Cangzhou Dahuahua continued to invest in its development. It’s not a new construction, but a continuation of existing construction; it involves equity investment

Oh, it’s a continuation of construction. I’m still wondering: the PC market is already oversaturated – why do some wealthy people still decide to get involved in it?

Wanhua Chemical’s 70,000-ton-per-year PC production facility using the interfacial phosgene method has gone into operation. Article source: Wanhua Chemical. Date of addition: January 25, 2018. Recently, the 70,000-ton-per-year PC production facility using the interfacial phosgene method in Wanhua Chemical’s Yantai industrial park has successfully started operating on a continuous basis. This phosgene-based process unit was independently developed by Wanhua Chemical over more than a decade of strenuous efforts, and it possesses complete independent intellectual property rights. After more than a decade of relentless independent research and development, the 70,000-ton-per-year polycarbonate (PC) production facility using the interfacial phosgene method at Wanhua Chemical’s Yantai industrial park has recently achieved continuous operation, producing high-quality products that meet standards. This series of products has gained widespread recognition in the market, and many well-known domestic and international brands have entered into strategic cooperation agreements with Wanhua Chemical for 2018. As a domestic device for the phosgene-based interface process that possesses complete independent intellectual property rights, it adheres to Wanhua Chemical’s high standards and strict requirements, while also reflecting the spirit of continuous innovation among Wanhua’s employees. Wanhua Chemical’s high-quality PC products feature three key advantages: low molecular weight fluctuations, a regular molecular structure, and a short history of exposure to high temperatures. ● Stable manufacturing processes and a high degree of automation ensure low molecular weight fluctuations (±2%). ● Innovative polymerization techniques result in low levels of residual small molecules and a high degree of end-capping (>97%). ● A new low-temperature degassing process eliminates the need for exposure to high temperatures prior to extrusion

On February 8, 2018, KBR announced that it had secured the technical licensing and conceptual engineering contracts for the construction of a new polycarbonate production facility in Cangzhou, China, from Cangzhou Dahuahua New Materials Co., Ltd. (hereinafter referred to as “New Materials Company”), as well as the contract for supplying proprietary equipment. The revenue for this project has not been disclosed. The expected revenue will be included in the outstanding order revenue for KBR’s Technology and Consulting division for the fourth quarter of 2017. 　　Under the terms of the contract, KBR will provide licensing for its proprietary PCMAXTM technology, as well as design for the basic infrastructure and proprietary equipment needed to produce high-quality polycarbonate products at a rate of 100,000 tons per year; the new materials company plans to increase the production capacity of this facility to 200,000 tons per year in the future. 　　The plant will utilize KBR’s interfacial polycondensation phosgene process, PCMAXTM. This unique technology can meet a wide range of product specification requirements, delivering the highest quality products with minimal capital investment. 　　“KBR is our most reliable partner. ”Xie Huasheng, chairman of the New Materials Company, said. “China’s polycarbonate market is developing at a rapid pace. We believe that by utilizing KBR’s advanced process technologies, it is possible to produce polycarbonate products of the highest quality, which will enable us to stay at the forefront in this new market environment. ” 　　“We are very pleased and proud to be able to work side by side with new material companies as strategic partners,” said Mr. John Derbyshire, President of KBR’s Technology and Consulting Business Group. “China is one of our most important markets globally. KBR is pleased to participate in this important project and work together with Cangzhou to achieve great success. ”