【HaiChuan Chemical Project Updates】The process packages for the BDO projects in Yulin, Shaanxi, and Liaocheng, Shandong, operated by Shandong Xinfafa, utilize **Guanda process packages**

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Recently, the bidding and evaluation process for the process packages of the new BDO projects in Yulin, Shaanxi, and Liaocheng, Shandong, undertaken by Shandong Xinfafa Group, was completed, with **Guanda being the winning bidder. Shenmu Shenxin New Materials Co., Ltd.’s project for the efficient conversion of coal into high-value products as well as advanced processing of BDO to foster a circular economy is located in the Shenmu High-Tech Industrial Development Zone (Jinjie Industrial Park) in Yulin City, Shaanxi Province. The total investment in this project amounts to 18 billion yuan. The facilities included in it are capable of producing 1.2 million tons per year of 1,4-butanediol (BDO), along with associated formaldehyde production units; 400,000 tons per year of acetic acid, 100,000 tons per year of vinyl acetate, 600,000 tons per year of PBAT, 400,000 tons per year of PTMEG, 400,000 tons per year of spandex, and 100,000 tons per year of GBL/NMP. The Circular Industry Demonstration Park project of Shenmu Shenshin New Materials Co., Ltd. was invested and constructed by Xinfaa Group in the Shenmu High-Tech Industrial Development Zone. The park is divided into two sections: power plants and chemical industries. The chemical industry sector focuses on the efficient conversion and utilization of coal, as well as the advanced processing of BDO derivatives. Guided by the principle of improving the overall efficiency of using coal as a raw material in chemical production, it relies on the efficient and differentiated conversion of coal as its industrial foundation. This approach aims to increase the level of innovation and sustainability in these projects, thereby transforming low-value chemical raw materials into high-value fine chemical products. The park leverages the large-scale circulation within the industrial chain to drive smaller cycles within the industry; by optimizing the structure of raw materials and products and reusing waste resources, it maximizes the efficiency of its products. By utilizing the most energy-efficient and environmentally friendly technical equipment, exhaust gases, waste heat, and intermediate products are comprehensively recycled. The 2×660MW power generation project of Shenmu Shenshin Thermal Power Co., Ltd. is part of the power plant component of Shenmu Shenshin New Materials Co., Ltd.’s circular industry demonstration park project. It is also a thermal power project outlined in the \"Jinjie Industrial Park Master Plan (2018–2035)\", and it has been included in Shaanxi Province’s electricity development plan for the 14th Five-Year Period. Located in the Shenmu High-Tech Industrial Development Zone of Yulin City, Shaanxi Province, this project involves the construction of two 660MW high-efficiency ultra-supercritical air-cooled coal-fired units, along with two 2600t/h high-efficiency ultra-supercritical parameter forced draft boilers, as well as supporting facilities for desulfurization and denitrification. The transport of ammonia outside the plant, the transport of calcium carbide slurry outside the plant, the transportation of coal outside the plant, external water supply projects and pipelines, external steam supply pipelines, certain parts of the on-site step-up substations and transmission lines, as well as the roads for transporting ash outside the plant and the radiographic inspection during the construction period are not included in the scope of this evaluation. The total investment for this project is approximately 5.79 billion yuan, of which about 550 million yuan is allocated to environmental protection measures; thus, environmental protection investments account for 9.5% of the total project cost.