The first production line of Panjin Jinfafa Technology’s 600,000 tons per year ABS project was handed over

Thread Content

Recently, the first production line of Jinfafa Technology’s 600,000 tons per year ABS project in the Panjin Liaobin Coastal Economic and Technological Development Zone was put into operation. The other two production lines are currently undergoing equipment installation, commissioning, and pipeline purging; they are scheduled to be completed by mid-June this year, with trial production to begin in September. Baolai New Materials, a holding subsidiary of Jinfa Technology, is the entity responsible for the investment, construction, and implementation of the aforementioned 600,000 tons per year ABS production project along with its supporting facilities. The total investment in this project is 10.69 billion yuan. It is located in the Liaodong Bay New Area of Panjin City, Liaoning Province, which is designated as a key petrochemical industry hub. The area boasts existing 300,000-ton crude oil terminals as well as specialized chemical terminals, giving it significant advantages in terms of resources and location. The 600,000 tons per year ABS production facility and related facilities project of Baolai New Materials commenced construction on June 15, 2020. The construction scope includes a 600,000 tons per year ABS production plant, a 600,000 tons per year propane dehydrogenation (PDH) plant, a 260,000 tons per year acrylonitrile (AN) plant, a 100,000 tons per year methyl methacrylate (MMA) plant, as well as other associated facilities. Upon completion, it will generate an annual output value of over 12.7 billion yuan and profits and taxes of 600 million yuan. It will also enable the further expansion of the petrochemical industry chain in the economic development zone, accelerating the clustered development of the fine chemical industry there.