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【HaiChuan Chemical Project Updates】Hubei Xiangyun to invest 10.1 billion yuan to build a facility capable of producing 200,000 tons of BDO and 200,000 tons of PBAT

2023-06-17View Original

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Recently, the Huanggang Ecology and Environment Bureau accepted the environmental impact assessment documents for the Xinxiangyun coal-based new materials project, and made the acceptance status public. The project is constructed in two phases; the first phase involves building a BDO plant with an annual capacity of 100,000 tons and a synthetic ammonia (intermediate product) plant with an annual capacity of 400,000 tons ; Phase II involves the construction of a 100,000-ton/year BDO plant, a 60,000-ton/year DMC plant, a 60,000-ton/year PTMEG plant, a 100,000-ton/year DMF plant, a 200,000-ton/year hydrogen peroxide plant, a 200,000-ton/year PBAT plant, and a 400,000-ton/year saturated monohydric alcohol (intermediate) plant. Hubei Xiangyun (Group) Chemical Co., Ltd. is a large-scale chemical enterprise that specializes in the production of phosphorus-based fertilizers; it is also a pilot enterprise for high-quality agricultural inputs (fertilizers) in terms of ecological protection, as designated by the Ministry of Agriculture and Rural Affairs. It currently has 9 wholly-owned subsidiaries and 4 jointly-owned subsidiaries. It is a nationally renowned manufacturer of agricultural ammonium phosphate, crystalline ammonium phosphate, and high-purity potassium dihydrogen phosphate. It is an important supplier of fully water-soluble phosphorus-based fertilizers in China, with an annual production capacity of over 4 million tons of various high-concentration phosphorus fertilizers. As previously reported, the project disclosed this time is the coal chemical segment of the \"Sinochem Xinxiangyun New Materials Industrial Park Project,\" which is jointly invested and developed by China’s Fifth Ring Project and Wuxue Xiangyun Group. This project is a large-scale modern chemical complex jointly invested in and built by Wuhuan Company and Hubei Xiangyun Group. The total investment in the project is approximately 25.5 billion yuan, with construction carried out in two phases. The projects are divided into three main categories based on product types: the phosphorus chemicals sector, the fluorine chemicals sector, and the coal chemicals sector. Wuxue is located on the north bank of the middle reaches of the Yangtze River, at the junction of Wu region and Chu region, and is known as the \"gateway to eastern Hubei\". As a major industrial city, Wuxue has maintained a top ranking among the 10 counties and districts in Huanggang in terms of its overall strength over the years. It has always regarded strengthening the industrial sector as a top priority for promoting the leapfrogged development of Wuque. A series of policies to attract investment have been actively implemented, and efforts have been made to advance the \"four key initiatives\" of project construction, investment attraction, enterprise support, and innovation and entrepreneurship. The \"520\" service model as well as reforms to the approval system featuring \"four reductions, five standardizations, and three centralizations\" have been vigorously promoted. Focus has been placed on developing the Wuque Economic Development Zone, Tianzhen Industrial New Area, Railway Station Industrial Park, and industrial clusters in rural areas, as well as on improving urban infrastructure. As a result, the industrial economy has seen improved quality and efficiency, while continuing to develop steadily and competitively.

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