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Satellite Chemical’s 90,000-ton per year acrylic acid production project has entered the full equipment installation phase. On April 1, the installation project for producing 90,000 tons of acrylic acid and 100,000 tons of refined acrylic acid per year at Satellite Chemical Co., Ltd. completed the installation of the first 4C-130 vapor dome tower, marking the entry of this project into the full equipment installation stage and laying an important foundation for the further progress of the project. As the core unit of the project, the 4C-130 stripping tower is 32 meters tall, 2 meters in diameter, and weighs 42 tons. Its construction involves complex techniques and requires extremely high precision. During the operation, the technicians carried out precise control, with all stages working in close coordination to successfully lift the equipment, adjust its position in mid-air, and place it with millimeter-level accuracy; the entire process was completed without any safety incidents. With the successful installation of the first large-scale equipment, the project has fully entered the phase of equipment installation, pipeline laying, and system commissioning, with official operation expected by the end of the year.
Project Name: Technical upgrade project for an annual production capacity of 90,000 tons of acrylic acid and 100,000 tons of refined acrylic acid. Project Nature: Expansion. Location: New land acquired to the south of the existing western factory complex of Satellite Chemical Co., Ltd. in Jiaxing Industrial Park, Zhejiang Province. Main Construction Contents and Scale: This project is planned to be built on the newly acquired land to the south of the existing western factory complex of Satellite Chemical Co., Ltd. in Jiaxing Industrial Park, Zhejiang Province; 47.52 mu of land has been acquired for this purpose. Equipment such as the first reactor, second reactor, quench tower, extraction tower, acrylic acid evaporator, and various heat exchangers will be purchased. Upon completion, the project will enable an additional annual production capacity of 90,000 tons of acrylic acid and 100,000 tons of refined acrylic acid; In addition, the original 1.2 t/h waste liquid incinerator was upgraded and modified. On March 22, 2024, Satellite Chemical signed agreements with the People’s Government of Nanhu District, Jiaxing, for the Satellite Global Marketing Center project, as well as a project to produce 90,000 tons of acrylic acid and 100,000 tons of refined acid. Upon completion of the satellite global marketing center project, it is expected to generate an additional 20 billion yuan in trade volume and 30 million yuan in annual tax revenue ; The total investment for the 90,000-ton acrylic acid and 100,000-ton purified acid projects is planned to be 440 million yuan. Once operational, these projects are expected to generate an additional annual output value of 1.36 billion yuan and additional annual tax revenues of 195 million yuan.