【Haichuan Project Updates】The first-phase construction project of Wanhua Chemical’s Fujian Industrial Park, with an investment of 50 billion yuan, has commenced
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On June 28, the overall kick-off meeting for the first-phase project of Wanhua Chemical (Fujian) Co., Ltd.’s Wanhua Chemical Fujian Industrial Park was held at China Chemical Siding Company. This marked another gathering at Siding by all relevant parties to work together on the Wanhua Fujian project, following the planning meeting held on May 11.
The Wanhua Chemical Fujian Industrial Park project includes a MDI production facility with an annual capacity of 400,000 tons, a PVC production facility with an annual capacity of 400,000 tons, an integrated aniline production facility with an annual capacity of 400,000 tons, and a methanol production facility with an annual capacity of 600,000 tons； Four projects have been upgraded through technological improvements, including large-scale gasification, caustic soda production (expanded from 120,000 tons to 600,000 tons), TDI production (expanded from 100,000 tons to 250,000 tons), and thermoelectric power projects.
Wanhua Chemical Group Co., Ltd. and Fujian Petrochemical Group Co., Ltd. jointly established Wanhua Chemical (Fujian) Co., Ltd., investing 50 billion yuan to build the Wanhua Fujian Industrial Park in the port-related industrial zone located in the western part of the Jiangyin Port City Economic Zone in Fuzhou. Phase 1 includes: an MDI project with an annual production capacity of 400,000 tons, a PVC project with an annual production capacity of 400,000 tons, an integrated aniline project with an annual production capacity of 400,000 tons, and a methanol project with an annual production capacity of 600,000 tons ； Four projects have been upgraded through technological improvements, including large-scale gasification, caustic soda production (expanded from 120,000 t to 600,000 t), TDI production (expanded from 100,000 t to 250,000 t), and thermoelectric power projects. Phase 2 plans to invest in the East District to build chemical and other fine chemical projects in the downstream sector.
According to CGTN, the Wanhua Fujian Industrial Park project plans to invest 50 billion yuan in the Jiangyin Economic Development Zone in Fuzhou, Fujian. This project will help Fujian Province overcome the technical barriers related to MDI technology, facilitate the technological upgrading of the TDI project at Dongnan Electrochemical, and address the weaknesses in Fujian Province’s chemical industry. It is understood that Wanhua Chemical Group is the only company in China that possesses independent intellectual property rights for MDI manufacturing technology, and it is also the world’s largest MDI supplier. On March 4, Wanhua Chemical issued a announcement regarding its external investments. The announcement states that on March 2, Wanhua Chemical and Fujian Petrochemical signed a joint venture agreement; the two parties intend to jointly invest in establishing Wanhua Chemical (Fujian) Co., Ltd. (referred to as Wanhua Fujian). The initial registered capital of Wanhua Fujian is RMB 3 billion. Wanhua Chemical contributes RMB 2.4 billion in cash, accounting for 80% of the registered capital ； Fujian Petrochemical contributes 600 million yuan in capital through relevant assets, accounting for 20% of the registered capital. In the joint venture, Fujian Petrochemical is an acting in concert party with Wanhua Chemical.
It seems that the overall institute is Saiding Company, while the equipment institute includes Chengda and Hualu.
Last edited by The wise are enlightened on 2020-7-1 12:25: Wanhua Chemical’s Fujian project industry chain
Several design institutes in China’s chemical industry are working together on projects
Eight units plus utilities such as methanol, caustic soda, and heat power are estimated to be the cost
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