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Contract signed for 60,000 tons/year polyoxymethylene project 2025-05-06 15:39:44 On April 27, Xinye Energy Chemical Company and SCDN Ningbo Engineering Co., Ltd. of Sinochem signed an EPC general contract for a 60,000 tons/year polyoxymethylene project in Ningbo. It is reported that the 100,000 tons per year polyoxymethylene project of Xinye Nenghua is part of the company’s strategy to develop coal-based integrated production processes following the approach of \"coal-electricity-oil-gas-chemicals-materials\". By strengthening, extending, supplementing, and expanding these industrial chains, the company aims to create a industry chain for methanol-formaldehyde-polyoxymethylene, thereby promoting the advancement of coal chemical industry in terms of higher quality, lower carbon emissions, and greater diversity. Once fully completed, the project will become the largest polyoxymethylene production facility in the Northwest region and even across the whole country. The first phase of the facility, with an annual production capacity of 40,000 tons of polyoxymethylene, required an investment of 1.3 billion yuan. Construction began in April 2021, and full-scale trial operations were successfully completed on July 12th. This marked the establishment of a polyoxymethylene production capacity in Xinjiang, and it also set a record for the fastest time for such a facility to go into operation in China. The second-phase 60,000-ton/year polyoxymethylene project has a total investment of 1.5 billion yuan; it enables the conversion of methanol raw materials into products with high added value, thereby promoting the development of the coal chemical industry in a direction toward diversification and higher quality. Regarding Xinye Energy Chemicals, on February 4 of this year, Zhongji Health announced that it was planning to acquire 100% of the shares in Xinjiang Xinye Energy Chemical Co., Ltd. through the issuance of shares. If everything goes well, Xinye Energy Chemicals will be able to go public quickly by using Zhongji Health as a vehicle for listing. As for polyoxymethylene, it is one of the five major engineering plastics; it is also referred to as the \"metal among plastics\" and enjoys the reputations of being able to replace steel or even outperform it in performance. It is widely used in various high-end manufacturing fields such as the automotive industry, machinery manufacturing, precision instruments, and military applications, offering broad market prospects. However, domestic polyoxymethylene is mainly mid-to-low-end products, with severe homogenization, and high-end products still need to be imported. Currently, there are nearly 20 companies in the world that produce polyoxymethylene on an industrial scale. According to statistics, the global production capacity for polyoxymethylene is around 2 million tons per year. Companies abroad such as DuPont and Celanese in the United States, BASF in Germany, and Asahi Kasei and Boron Plastic in Japan all have operations in this field. In 2024, China’s POM production capacity continued to grow; among the new capacities brought online during that year were 80,000 tons from Hengli Petrochemical, 40,000 tons from Tianjin Bohua, 90,000 tons from Nantong Baoli, and 60,000 tons from Xinjiang Xinxianxin. By the end of 2024, China’s existing POM production capacity exceeded 800,000 tons per year. In March this year, two more projects were subject to environmental impact assessment announcements: the 80,000-ton/year polyoxymethylene engineering plastics project of Lihua Yi (Lijin) Engineering Plastics Co., Ltd., and the second phase of the polyoxymethylene production project with a capacity of 60,000 tons/year by **Energy Group Ningxia Coal Industry Co., Ltd.