Construction begins on Zhongneng High-End New Materials’ 12.6-billion-yuan project for 130,000 tons of maleic anhydride in Qianjiang, Hubei

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On July 23, the groundbreaking ceremony for the high-end chemical materials project of Zhongneng High-End New Materials (Hubei) Co., Ltd. was held. As a key project in Hubei Province, the China Energy New Chemical High-End Materials Project has a total investment of around 12.6 billion yuan and covers an area of 2,283 mu. The first phase of the project, which is currently under construction, involves an investment of 1.6 billion yuan and covers an area of 300 mu; it includes a 250,000-ton-per-year unit for producing propane-isobutane from light hydrocarbons, a 130,000-ton-per-year maleic anhydride production facility, as well as the associated storage areas and auxiliary facilities. The project features a high level of technical complexity; its main product is a key raw material for biodegradable plastics, which are promoted by environmental protection agencies. This material has a wide range of applications. Once completed, the project will spur the development of the downstream industries in the local petrochemical sector, create numerous job opportunities, contribute to the local economy, and bring about significant economic and social benefits. It will also help to improve the overall performance of the upstream and downstream industries in the local fine chemicals sector. With the official start of construction, the whistles of the construction machinery sounded simultaneously, marking the official commencement of the construction of the high-end chemical materials project at Zhongneng High-End New Materials (Hubei) Co., Ltd.