【Information on Haichuan Chemical Project】Qianxin Chemical plans to build an acetic acid and related acetate products facility in the Jingmen Chemical Recycling Industrial Park
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Recently, Kenshin Chemical Group (hereinafter referred to as Kenshin Chemical) signed an agreement with the management committee of Jingmen Chemical Recycling Industrial Park in Hubei Province to build a base for acetic acid and its downstream acetate derivatives. The total investment in this project is 5 billion yuan. Once it is completed and put into operation, it will be able to generate an annual output value of 7 billion yuan, contributing to the development of the modern chemical industry in Hubei Province. It is understood that the main products of Qianxin Chemical include ethyl acetate, n-propyl acetate, n-butyl acetate, etc. The company holds a market share of over 30% in the domestic market and over 20% in the global market. Its production capacity for acetate products is 1.5 million tons per year, while the capacity for butyl acrylate is 180,000 tons per year. In addition, Qianxin Chemical has entered into a carbon monoxide supply agreement with Yingde Gas, as well as a steam supply agreement with Zhongjing Thermal Energy, thereby helping to expand the industrial chain and foster a favorable industrial ecosystem in the Jingmen High-Tech Zone of Hubei Province.
The joint venture between Shi Hua Gong and Qi Sheng Hua has been ranked among China’s top 500 chemical enterprises by the China Chemical Industry Association for several consecutive years. The company’s main products are environmentally friendly solvents such as acetates, butyl acrylate, and alcohols. Currently, its annual production capacity for acetates exceeds 1 million tons, that for butyl acrylate exceeds 80,000 tons, and that for alcohols exceeds 80,000 tons, making it the largest producer of acetates in the world. Thanks to its excellent quality and superior service, it has been ranked among China’s top 500 chemical enterprises by the China Chemical Industry Association for many consecutive years. The company boasts strong capabilities and has won numerous honors, including \"Top 500 Chemical Enterprises in China\", \"Top 100 Enterprises in China’s Petroleum and Chemical Industry\", \"Top 100 Manufacturing Enterprises in Guangdong Province\", \"Top 100 Star Overseas Chinese-Invested Enterprises in Guangdong Province\", \"Top 10 Paint Raw Material Suppliers in Guangdong Province\", \"High-Tech Enterprise in Guangdong Province\", and \"Grade A Trusted Enterprise in Jiangmen City\". It is also a key enterprise under the **Direct Service Program for the People of Guangdong Province. Based in China and looking to the world, Qianxin Chemical is committed to becoming a diversified global chemical enterprise that leads in scale, technology, and overall competitiveness.