Tianjin Xinhéchéng obtains sea use rights certificate; latest progress on the 400,000 tons/year nylon 66 production project

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On December 26, the new material industry chain project of Tianjin Sinocell Materials Technology Co., Ltd., which was initiated by the same company, obtained its sea area use permit, marking the basic completion of the procedures related to the use of that sea area for this project. This project is a key initiative in Tianjin; it will involve the construction of production facilities for adiponitrile, hexamethylenediamine, and nylon, along with supporting auxiliary production facilities. Once operational, it will enable the development of an industrial chain involving key intermediates such as adiponitrile, hexamethylenediamine, and nylon 66, as well as high-end nylon materials. This will help overcome the technical barriers associated with the production of these key intermediates, providing strong support for the development and improvement of the petrochemical industry chain in the Nangang Industrial Zone. It plays an important role in achieving high-quality development of the petrochemical industry in the Nangang Industrial Zone, as well as in accelerating the construction of a world-class base for chemical new materials. The total investment in the project is approximately 10 billion yuan; it uses materials such as butadiene, and is planned and implemented in two phases. The first phase of the project is planned to cover an area of about 200,000 square meters, with an investment of around 3 billion yuan. Utilizing technologies developed by the company itself, it will build a facility for the production of hexanitrohexanediamine at a capacity of 100,000 tons per year ； Once Phase 1 of the project is put into operation, Phase 2 will be launched. The second-phase project is planned to require an investment of around 7 billion yuan; it will involve the construction of a facility with an annual production capacity of 400,000 tons of adiponitrile-adipamide. Additionally, a facility for the production of 400,000 tons of nylon 66 per year will be built as part of this project, extending it into the downstream materials sector. The specific details of the construction and the associated investments will be determined by Party B based on market conditions. On the evening of July 17, Xinhéchéng issued an investment announcement stating that the company intends to sign an Investment Cooperation Agreement with the Tianjin Economic-Technological Development Area Management Committee in order to invest in the construction of a nylon new materials project in the Tianjin Nangang Industrial Zone. The total investment amount is approximately RMB 10 billion (subject to the actual investment amount incurred).