【Ten Years of Rapid Development in Chemical Technology】PVP production capacity reached the world’s highest level by 2023, surpassing Ashland and BASF!

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The last edit to this post was made by Desert Fish on June 4, 2023, at 09:27. There has been significant development in chemical technology over the past decade; let’s celebrate the prosperity and strength of modern China. This is just a starting point – more participation from everyone will make things even more lively. The forum becomes better with your involvement; we welcome everyone to join in the discussions. Everyone should pay attention to safety and know how to handle emergencies. ********************************************* On May 21st, XinKaiYuan’s subsidiary, XinKaiYuan (Jiaozuo) Polymer Materials Co., Ltd., began operations for its project aimed at producing 20,000 tons of NVP per year. With the addition of this production capacity, the company’s total PVP production capacity will reach 35,000 tons per year, pushing it from third place to first in the global PVP industry. It is understood that XinKaiYuan (Jiaozuo) Polymer Materials Co., Ltd. is a wholly-owned subsidiary of XinKaiYuan Medical Technology Group Co., Ltd. It is the first high-tech enterprise in China to develop and produce products based on polyvinylpyrrolidone (PVP). Established in 2003, it has now become a leading company in the production of PVP and PVM/MA products in China, as well as one of the main suppliers of PVP products worldwide. Following German company BASF and American company Ashland, XinKaiYuan is the third-largest supplier on the international stage, providing high-quality pharmaceutical excipients and functional polymer materials to customers around the world. Xin Kaiyuan is the first high-tech enterprise in China to engage in the production, research, and development of PVP. PVP is synthesized from NVP, and it has a wide range of applications, including those in the daily chemical industry, pharmaceuticals, food and beverages, as well as in emerging fields such as materials, new energy batteries, and photovoltaics. Due to the high concentration in the PVP market, its production capacity is primarily located in China, Europe, and North America. Since 2022, PVP’s overseas production capacity has been limited, leading to a shift of many orders from overseas to domestic markets. Coupled with the significant increase in demand from new application areas such as new energy batteries and photovoltaics, Xin Kuaiyuan has seized the opportunities presented by industry development, actively expanded its sales markets, and accelerated the expansion of its production capacity. The project with an annual production capacity of 20,000 tons of N-vinylpyrrolidone (NVP) has been completed and put into operation, and it took New Open Source less than 10 months to achieve this. The completion and operation of this project will further strengthen the company’s position in the industry and significantly enhance the competitive advantages of the PVP series of products.