A new integrated project for natural gas chemical and new materials worth 17 billion yuan is to be built in Changshou, Chongqing
Thread Content
The official WeChat account of Chongqing Changshou Economic and Technological Development Zone announced that recently, the zone and Chongqing Yuhua New Materials Co., Ltd. held a signing ceremony for a project aimed at the integrated development of natural gas-based chemical new materials. Chongqing Yuhua New Materials Co., Ltd. will make full use of the existing resources such as methanol and carbon dioxide in the Changshou Economic Development Zone, investing a total of 17 billion yuan to build an integrated project for natural gas-based chemical new materials; upon completion, this project is expected to generate annual sales revenue of 18 billion yuan. Chongqing Chemical Medicine Group announced that Yuhua New Materials is an important platform established jointly by the Chemical Medicine Group, Qianxin Group, and Changshou District to develop the chemical new materials industry. The integrated project for new natural gas chemical materials is a key investment project planned during the 14th Five-Year Plan period. Aiming to address the bottleneck in olefin resources in Chongqing, it focuses on developing high-quality, high-tech, and high-value-added chemical material products, as well as strategic emerging industries such as photovoltaic materials, lithium battery materials, and hydrogen energy materials. This project provides important support for extending and strengthening the natural gas chemical industry chain in the Changshou Economic Development Zone.
In 2007, the Chemical Medicine Group reached an agreement with BASF to jointly develop an integrated project for new natural gas-based chemical materials in the Changshou Industrial Park. Large-scale plans were made, and preparations lasted for several years; the overall design by Chengda Institute was completed as well. BASF invested 8 billion yuan to build three production facilities capable of producing 400,000 tons of MDI and other products. However, the Chemical Medicine Group abandoned the project, which resulted in a mismatch between upstream raw materials and downstream products, and kept costs high.
This project once triggered a significant environmental protest, with large numbers of citizens taking to the streets.
I was in that area once; there was a tall building with its core framework already completed, standing alone by the Yangtze River. There is also a biopharmaceutical facility that has been built; it remains shut down due to environmental concerns under normal circumstances, but it was operational for a period of time during the YQ period. To the north of the Changjiang River, there are shipping terminals, as well as Baowu-controlled Chongqing Iron and Steel...
Yes, there’s a steel plant by the Yangtze River, as well as a heavy chemical industrial park.