Thread Content
Recently, Baotailong New Materials Co., Ltd. and Daqing Oilfield Co., Ltd. had in-depth discussions on the feasibility and soundness of jointly upgrading the methanol plant at Shuangyashan Longmei Tiantai Coal Chemical Co., Ltd. in order to build a project capable of producing 400,000 tons of acetic acid per year. Recently, Jiao Yun, chairman of Baotailong New Materials Co., Ltd., and Li Qingtao, president of the company, accompanied Shao Guoqiang, secretary of the Shuangyashan Municipal Party Committee, as well as Yang Yong, deputy secretary of the municipal Party committee, secretary of the Political and Legal Affairs Commission, and secretary of the Party Working Committee of the municipal economic development zone, on a visit to China National Petroleum Daqing Oilfield Co., Ltd. There, they discussed in detail ways to advance the 400,000 tons per year acetic acid production project carried out by Longmei Tiantai Coal Chemical Co., Ltd., which is under their ownership. The 100,000-ton/year coal-to-aromatics project owned by Shuangyashan Longmei Tiantai Coal Chemical Co., Ltd., a subsidiary controlled by Baotailong Company, began construction in 2013. The project is built in two phases: the first phase uses coal as raw material to produce methanol, yielding 326,000 tons/year of methanol products, while the second phase involves further processing of methanol to produce 100,000 tons/year of aromatic products. Given that no substantive work has yet begun on the construction of the second-phase aromatic compounds facility at Longmei Tiantai Company, and after conducting repeated investigations into the chemical industry market, the company decided to change the project to a 400,000-ton/year carbon-based synthetic acetic acid (technical upgrade) project (the “400,000-ton/year acetic acid project”). On January 10, 2023, Daqing Oilfield Chemical Company signed a strategic cooperation agreement with Shuangyashan Longmei Tiantai. Daqing Oilfield Chemical Co., Ltd. transferred its acetic acid production facility to Shuangyashan Longmei Tiantai Coal Chemical Co., Ltd., so as to work together on the development of an acetic acid production project. Leveraging the existing methanol plant at Shuangyashan Longmei Tiantai, the product plan will be modified to build an acetic acid plant with an annual capacity of 400,000 tons; meanwhile, the existing 200,000-ton-per-year acetic acid plant owned by Daqing Oilfield Chemical Company will be put to better use.