The Lunan Chemical New Energy Materials Integration Project, with a total investment of 10.3 billion yuan, has commenced construction to produce 600,000 tons per year of olefins and 300,000 tons per year of ethyl acetate

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Recently, the groundbreaking ceremony for the Lunan Chemical New Energy Materials Integration Project was held. It is reported that this project was invested and constructed by Yankuang Lunan Chemical Co., Ltd., with a total investment of 10.3 billion yuan and an area of about 1,090 mu. New facilities for 600,000 tons per year of olefins and 300,000 tons per year of vinyl acetate (VA) will be built. Once the project is completed and put into operation, it will generate an additional annual output value of 9 billion yuan and profits and taxes of 2.5 billion yuan. This project features advanced process technology and strong market competitiveness. It aligns with policy guidelines and the goals of carbon neutrality as well as the concept of green development. It boasts significant integration advantages, a complete industrial chain, and strong risk resistance. Once operational, it will greatly enhance the competitiveness of the enterprise, playing an important role in fostering a high-end chemical industry cluster worth hundreds of billions. It is understood that Lunan Chemical currently has total assets of 14.5 billion yuan. By 2026, it plans to invest 29.7 billion yuan in projects such as the development of integrated low-carbon and high-efficiency new energy materials, integrated high-end nylon materials, a production facility with an annual capacity of 100,000 tons of POE, and a facility with an annual capacity of 20,000 tons of ultra-high molecular weight polyethylene.