【HaiChuan Chemical Project Updates】Handan Rongte Chemical plans to invest 120 million yuan to develop a project for the production of 40,000 tons per year of mixed phthalic anhydride

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Rongte Chemical recently issued a announcement stating that, in order to keep up with the development of the industry, meet market demands better, increase the company’s market share and product supply, maximize the use of resources, arrange the production areas for various projects in a rational and effective manner, achieve resource integration, further improve the industrial layout, make full use of the advantages inherent in the industrial chain, achieve energy savings and efficient production, and enhance the company’s competitive advantage in terms of production costs, it plans to develop a project capable of producing 40,000 tons per year of mixed phthalic anhydride on the plot of land located to the east of Ziyang Avenue in Handan’s new chemical industrial park, south of the Ruibang Chemical project. Basic information on the investment project: Project name: Project for annual production of 40,000 tons of mixed phthalic anhydride. Location of the project: On the east side of Ziyang Avenue in Handan City’s New Chemical Industry Park, south of the Ruibang Chemical Project. Scope of the project construction: Construction of a comprehensive building, an air compressor station, and a power distribution room ； Phenol anhydride plant system, fire pump room and pool, circulating water station, sewage treatment station, tank farm ； Anhydride warehouse and flake rooms, etc ； Project construction period: The construction period is 16 months. Project investment scale: The total investment for the project is 120 million yuan (subject to the final actual amount). Funding source for the project: It is planned to be funded through bank loans and internal company funds. The company is building a project to produce 40,000 tons per year of mixed phthalic anhydride, which is part of the expansion of its industrial chain. This helps to address the issue of overstock of upstream products such as industrial naphthalene and o-xylene. At the same time, it supplies phthalic anhydride, a raw material for plasticizers, to markets in Hebei and Shandong, thereby supporting the development plans of both the company and these regions. The investment in project development is much lower than that required to introduce new technologies; the construction progress is fast, raw materials and energy are recycled, and the cost of products is low. This not only enhances the company’s ability to withstand risks but also generates significant economic and social benefits for both the company and **.