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Wanhua Chemical will launch two more projects: the integrated project for specialty engineering plastics and the second phase of the acrylic acid and esters project

2023-05-04View Original

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Recently, Wanhua Chemical posted on its official website drafts of the environmental impact assessment reports for two projects: the integrated specialty engineering plastics project at Wanhua Chemical (Penglai) Co., Ltd., and the second phase of the acrylic acid and esters production project at the same company. Special Engineering Plastics Integration Project
Project Name: Special Engineering Plastics Integration Project
Project Location: Wanhua Penglai Industrial Park, Penglai Chemical Industry Park
Project Overview: This project involves the construction of one acrylonitrile production complex (including an acrylonitrile production line with an annual capacity of 260,000 tons, an ACH production line with an annual capacity of 90,000 tons, and a SAR production line with an annual capacity of 50,000 tons), as well as a 400,000-ton/year ABS production plant, along with associated storage and transportation facilities, environmental protection systems, utility systems, and auxiliary facilities.
Project Significance: The propane dehydrogenation (PDH) facility in Wanhua Penglai Industrial Park can provide an abundant supply of C3 resources for the Penglai industrial park. Developing acrylonitrile and C3-based MMA products is a good way to increase the added value of PDH downstream products. The main raw materials for ABS resin are styrene, butadiene, and acrylonitrile; these materials help to enhance the value of the industrial chains associated with them, while also ensuring a stable supply of raw materials for ABS products as well as consistent quality. Acrylic Acid and Esters Phase II Project Project Name: Acrylic Acid and Esters Phase II Project Location: Wanhua Penglai Industrial Park, Penglai Chemical Industry Park Construction Overview: A new production facility for acrylic acid with an annual capacity of 160,000 tons, as well as a facility for butyl acrylate with an annual capacity of 400,000 tons, along with associated utility systems and auxiliary facilities, will be built. It is reported that on October 7, 2022, Wanhua Chemical Group held a meeting to discuss adjustments to the scale of the acrylic acid and esters project. The owner proposed changing the scale of the project from one unit with an annual production capacity of 160,000 tons to two units, to be built in two phases. It is also required that the two phases of the facilities be arranged within the total land area, with simultaneous design, construction, and commissioning.
Reply #22023-05-05
It’s good news; it’s a shame the stock price has dropped sharply

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