【HaiChuan Chemical Project Updates】China National Chemical Corporation invests 23.2 billion yuan in a high-end polyamide production project in Gulei, Fujian

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　　On July 13, China Chemical Tianchen Company, Zhangzhou Gulei Port Economic Development Zone, and Fuhua Gulei jointly signed a cooperation agreement for the high-end polyamide project. 　　It is reported that this project was jointly funded by China Tianchen Engineering Co., Ltd., Fujian Energy and Chemical Group, and Zhangzhou Jiulongjiang Group, with an investment of around 23.2 billion yuan. The aim is to develop a high-end polyamide industry chain; chemical new material projects will be constructed in the Gulei Petrochemical Base, thereby further promoting the integration of Fujian Province’s two key industries: petrochemicals and modern textiles and apparel. 　　The Gulei Petrochemical Base is an important support for Fujian Province in developing a petrochemical industry worth trillions of yuan. Leveraging the large petrochemical industry, Gulei has set a goal for this year: by the end of 2022, to achieve the target of having a total production capacity from existing projects exceeding 100 billion, with investments in newly launched projects also exceeding 100 billion, and investments in newly signed projects reaching over 100 billion as well. At present, the Gulei Petrochemical Base has initially developed two industrial chains with a value of over 100 billion each, namely the \"aromatics-polyester\" and \"olefins-plastics\" chains, and it is continuously strengthening and expanding these chains by focusing on upstream oil-related activities and downstream chemical processing. There are 54 industrial projects in the park that are already in operation, under construction, have been signed, or are in advanced negotiation stages, with a total investment of 322.859 billion yuan. 　　On the same day, China Chemical and the People’s Government of Fujian Province signed an industrial development cooperation agreement. Under the agreement, the two parties will focus on the development of high-quality projects, carry out in-depth cooperation in industrial development, work together to advance technological innovation, build a modern industry for new chemical materials, and promote the continuous growth and expansion of the petrochemical industry. 　　Previously, the 600,000 tons per year propylene oxide project of Sinochem Tianchen Quanzhou, located in the Quangang Petrochemical Park, officially commenced construction on July 12. Tianchen Quangang New Materials Industrial Park is the largest petrochemical project to be established in Quangang District in recent years. It is planned to build facilities for producing 600,000 tons per year of propylene oxide, 200,000 tons per year of nylon 66, and 100,000 tons per year of nylon 12; upon completion, the output value is expected to reach 21 billion yuan. The 600,000-ton-per-year propylene oxide project, which was the first to start construction, covers an area of over 800 mu. It employs a green production process developed independently by China National Chemical Corporation Tianchen; the first phase involves the construction of a propylene oxide plant using the hydrogen peroxide method with a capacity of 300,000 tons per year, along with two hydrogen peroxide production units, each with a capacity of 450,000 tons per year.