【Haichuan Project Updates】NVIDIA’s adiponitrile production facility in Shanghai has commenced operations with an investment of $1 billion
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Invista’s adiponitrile production facility in Shanghai began operations, with an investment of over $1 billion. On June 16, the groundbreaking ceremony for Invista’s adiponitrile production facility in Shanghai was held. NVIDIA’s newly built adiponitrile plant has an annual production capacity of 400,000 tons, with a total investment of over $1 billion (approximately 7 billion yuan). Inovida is part of the Corning Industrial Group and is one of the world’s largest comprehensive producers of chemical intermediates, polymers, and fibers. The company is headquartered in the United States and has around 10,000 employees.
Modern Petrochemicals 03-19 Recently, good news came from SHENGU Group’s Import and Export Company: it successfully signed purchase orders with the American company Fluor for two sets of 6M80D reciprocating compressors to be used in Phase 3 of the Invista Nylon chemical project in the United States! The signing of this order not only achieved breakthroughs in both new fields and among high-end customers, but also secured a head start for the 6M80D, a new high-end reciprocating machine developed by SHENGU Group, to make its debut in the European and American markets. At the same time, this marks the first time that Shengyu Group has entered into a partnership with an international top-tier EPC company, following its certification as a qualified supplier for centrifugal, reciprocating, and assembly compressor products by Fluor in 2019. The successful signing of this contract officially marks Shenyang Gear Pump Group’s compressor products as belonging to the international elite.
In 2018, China’s consumption of nylon 66 was 520,000 tons, accounting for about 23% of the global total consumption. Driven by downstream industries, demand for nylon 66 in the Chinese market has grown steadily, with an average growth rate of 6% over the past five years. However, due to high technical barriers, the raw material adiponitrile in China remains entirely dependent on imports. Before Invidia, Sinochem Group joined forces with companies such as Qixiang Tengda to establish Tianchen Qixiang New Materials Co., Ltd. Construction of China’s first 200,000-ton per year adiponitrile production facility began last August, with full operation expected to start in 2023. Last December, Henan Xiaguang Polymer Materials Co., Ltd. signed an agreement with a Swedish company specializing in chemical technologies for a project to produce 50,000 tons of adiponitrile per year. The total investment for this project is 576 million yuan, and completion is expected by the end of 2020.