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Total investment of 12.2 billion yuan! Latest progress on the 1.2 million-ton ethylene glycol project: Recently, all 79 large-scale equipment units for Sichuan Zhengda Kai’s new material project, which involves the production of 1.2 million tons per year of MEG along with 100,000 tons per year of electronic-grade DMC, have been successfully lifted into place. This project was undertaken by the Shaanxi branch of China National Chemical Engineering Third Construction Co., Ltd. and its First Installation Engineering Company. Since the project began, the company has continuously improved the plans for lifting heavy equipment, and worked together with specialized firms to address various management and technical challenges that arose during the lifting process. Through day and night efforts, it managed to complete the lifting of 79 pieces of heavy equipment as planned. The 1.2 million-ton ethylene glycol production and 100,000-ton electronic-grade dimethyl carbonate production project in Xuanhan, Sichuan, operated by Zhengda Kai, uses natural gas from the Puguang purification plant as raw material; through compression, desulfurization, and conversion, syngas is produced. The technology for producing ethylene glycol and dimethyl carbonate is provided by Pu Jing Chemical, while Chengda Engineering Company is responsible for the EPC work. The Zhengda Kai project, which involves the production of 1.2 million tons per year of MEG along with 100,000 tons per year of DMC, has a total investment of 12.2 billion yuan. It utilizes the core technology for producing dimethyl carbonate from ethylene glycol developed by Shanghai Pujing Chemical Technology Co., Ltd. (referred to as “Pujing Chemical”), with the engineering design carried out by China Chengda Engineering Co., Ltd. On November 25, 2022, Shanghai Pujing Chemical Technology Co., Ltd. and Sichuan Zhengda Kai New Materials Co., Ltd. held a meeting dedicated to the construction of a new production facility capable of manufacturing 1.2 million tons of MEG per year along with 100,000 tons of electronic-grade DMC, in Dazhou, Sichuan. A contract for the technical implementation of this project was also signed during that meeting. On the same day, China Chengda Engineering Co., Ltd. signed an EPC general contract with Sichuan Zhengda Kai New Materials Co., Ltd. The project is constructed in two phases. The first phase of construction will involve the production of 600,000 tons per year of polyester-grade ethylene glycol; as by-products, 18,000 tons per year of high-quality DMC (dimethyl carbonate), 6,796 tons per year of chemically pure ethanol, 11,900 tons per year of mixed monohydric alcohols, 13,500 tons per year of light dihydric alcohols, and 12,300 tons per year of heavy dihydric alcohols. The second phase of construction will involve the production of 600,000 tons per year of polyester-grade ethylene glycol, along with 100,000 tons per year of electronic-grade DMC, 11,900 tons per year of mixed monohydric alcohols, 13,500 tons per year of light dihydric alcohols, and 12,300 tons per year of heavy dihydric alcohols. Of the 100,000 tons of DMC, 36,000 tons per year are obtained by purifying high-quality DMC produced as a by-product of ethylene glycol production in phases 1 and 2, while 64,000 tons per year are obtained by removing CO from DMO (dimethyl oxalate) synthesized in phases 1 and 2. Phase 1 of the project involves the construction of new facilities for syngas production, ethylene glycol synthesis, air separation, as well as related auxiliary systems. In the second phase, new facilities for syngas production, ethylene glycol synthesis, air separation, and related auxiliary systems will be constructed. Phase 1 was originally scheduled to start construction in July 2022 and be completed by July 2024. Phase 2 is scheduled to begin construction in May 2024 and be completed by October 2026. Sichuan Zhengda Kai New Materials Co., Ltd. was established in December 2021; its shareholders are Zhejiang Zhengkai Investment Group Co., Ltd. and Dazhou Investment Co., Ltd. Zhengkai Group is one of the largest listed companies in China specializing in bottle-grade polyester. Upon completion, the project will lay a solid foundation for the development of an advanced manufacturing industrial park and the creation of an industrial chain for cooperation between eastern and western Zhejiang and Sichuan. It will drive the coordinated development of related upstream and downstream industries in Sichuan and the central and western regions, such as those in the petrochemical sector, food-grade PET, polyester-based new materials, packaging, textiles and fibers, and logistics. By taking advantage of the local natural gas resources, new new material industry clusters will be formed.