[Haichuan Chemical Salary News] Dongfang Hope plans to invest 110 billion yuan in Beihai to build a fine chemical industrial park
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Dongfang Hope Group plans to invest in the construction of a circular economy industrial base in Beihai, with a total investment of 153.5 billion yuan. Once completed and operational, the project is expected to generate an annual output value of 255 billion yuan and annual profits and taxes of 63.3 billion yuan. Adhering to the overall project layout and the principle of phased implementation, the base plans to develop 5 sub-projects: 1. The Fine Chemicals Industrial Park project, with a total investment of 110 billion yuan, is expected to generate an annual output value of 150 billion yuan and annual profits and taxes of 40 billion yuan. 2. A photovoltaic materials industry chain project with a capacity of 30 GW per year, requiring a total investment of 21 billion yuan; it is expected to generate an annual output value of 60 billion yuan and annual profits and taxes of 15 billion yuan. 3. Aluminum industry chain projects, with a total investment of 15 billion yuan; the expected annual output value is 30 billion yuan, and the annual profit and tax amount is 5 billion yuan. 4. Green building materials industry chain project, with a total investment of 4.5 billion yuan; it is expected to generate an annual output value of 10 billion yuan and annual profits and taxes of 3 billion yuan. 5. The Modern Pig Farming Circular Industry Base project has a total investment of 3 billion yuan; it will involve the breeding of 40,000 breeding pigs. Once operational, the project will enable the raising of 1 million fattening pigs, with an expected annual output value of 5 billion yuan and annual profits and taxes of around 400 million yuan.
In December 2016, Dongfang Hope released a environmental impact assessment report for a polysilicon production project with a capacity of 120,000 tons. Since Dongfang Hope did not need to raise funds, it remained relatively low-key in its activities. Its latest production capacity plan was the one announced online in December 2016, with a capacity of 120,000 tons. The target production cost for polysilicon, as per the latest figures, was 25,000 RMB per ton, as announced online at the beginning of 2019. In 2019, Dongfang Hope’s monocrystalline silicon wafer production project in Changji, Xinjiang, began operations.
On the morning of April 26, Beihai City held a ceremony for the centralized signing of projects with an investment of over 10 billion yuan at the Nanning Liyuan Villa International Conference Center. Five projects were successfully signed, including the Circular Economy Industrial Base of Dongfang Hope Group; the total investment in these projects amounts to 299 billion yuan. Among them, the 30GW/year photovoltaic materials industry chain project requires an investment of 21 billion yuan, with an expected annual output value of 60 billion yuan and annual tax revenues of 15 billion yuan. The Fine Chemicals Industrial Park project involves an investment of 110 billion yuan. This report does not provide any specific details regarding the industrial chain for 30GW of photovoltaic materials. Photovoltaic industry sources speculate that Dongfang Hope to make significant investments in polysilicon and monocrystalline silicon wafer production projects in Beihai, once it has fully mastered the relevant manufacturing technologies. Among them, the fine chemical industrial park project with a total investment of 110 billion yuan may involve polysilicon, while the photovoltaic material industry chain project with a total investment of 21 billion yuan and an annual production capacity of 30 GW is likely to deal with monocrystalline silicon wafers.
This is a failure for Sichuan. Dongfang Hope originated in Sichuan, yet such a large-scale investment didn’t get implemented in its home province
Should so many magnificent projects be funded over five years or fifty years?
Dongfang Hope has a PTA project in Chongqing; I remember that project manager was a security manager from Dongfang Hope.
Beihai is making significant investments in polysilicon and monocrystalline silicon wafer projects. Is electricity cheap in Beihai?
Power plants can be built alongside them; coal-powered electricity at ports is inexpensive
It shows that the talents at Dongfang Hope are all versatile; to be honest, a project manager is responsible for coordinating three things and controlling four
Fifty years is definitely not enough; maybe five to ten years