Thread Content
On June 26, 2023, Hainan Huasheng Group and Qilu Engineering Company signed a strategic cooperation agreement as well as a design contract for the second phase of Huasheng New Materials project. The project will build facilities for the production of 600,000 tons per year of propane dehydrogenation products, among others. It is understood that since Hainan Huasheng Group took over the former Sanya Tiantai Cement Factory in 2000 to carry out asset restructuring and enter the cement industry, it has undergone 23 years of innovative development. As a local private enterprise in Hainan Province with a strong tradition of innovation and reform, Huasheng Company has conducted thorough research and analysis of the policies of the China (Hainan) Free Trade Pilot Zone as well as a range of industrial policies issued by various ministries and commissions. Based on its own operational realities, the company has decided to focus on polycarbonate materials – which are currently highly encouraged for development, in short supply in the domestic market, feature advanced technology, offer high-quality products, and are environmentally friendly – as a starting point for improving its upstream and downstream supply chains. This approach aims to help Huasheng Group transition from the traditional building materials industry to one focused on high-tech materials. The Huasheng PC project is one of the projects that began construction in Dongfang as part of the second batch of projects under Hainan Province’s Free Trade Port development plan. Once completed, it will become a new engine for economic growth in Hainan Province and a model for the province’s high-tech materials industry. The total investment in the project is 17.5 billion yuan, covering an area of 2,397 mu, with completion planned within 5 years. According to the company’s official website, this project has been designated as a major industrial project in Hainan Province as well as a key project by the Provincial Department of Industry and Information Technology, the Provincial Department of Commerce, and the Provincial Development and Reform Commission. The first phase of the Huasheng PC project involves an investment of 4.5 billion yuan to build four production facilities for various chemical products: a polycarbonate plant with an annual capacity of 260,000 tons, a diphenyl carbonate plant with an annual capacity of 224,000 tons, a bisphenol A plant with an annual capacity of 240,000 tons, and a dimethyl carbonate plant with an annual capacity of 100,000 tons. Additionally, related supporting facilities will also be constructed. The first phase of the project has been officially put into operation at the Hainan Dongfang Industrial Park, filling the gap in the PC industry in South China. The second phase of the Huasheng PC project involves an investment of 13 billion yuan to build a propane dehydrogenation plant with an annual capacity of 600,000 tons, phenol/propane plants with capacities of 400,000/250,000 tons respectively, a polypropylene plant with an annual capacity of 400,000 tons, a bisphenol A plant with an annual capacity of 240,000 tons, a DMC plant with an annual capacity of 100,000 tons, and a PC plant with an annual capacity of 260,000 tons. Additionally, efforts will be made to develop PC modification technologies for downstream industries, aiming to achieve an annual production capacity of 100,000 tons of PC alloys. The industrial chain plan for Project C3 has been finalized, and efforts are currently being made to prepare Phase 2 for commencement, so as to create an integrated upstream and downstream industrial chain that can supply raw materials in a stable manner to Phase 1.