With a total investment of 5.9 billion yuan, the Sinopec special fiber project and the new materials chemicals project have commenced operations at the Ningdong facility

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On May 18, Sinopec’s special fiber project and new material chemicals project commenced construction at the Ningdong base. With a total investment of nearly 6 billion yuan in these two projects, they represent important initiatives for Sinopec Group and Ningxia to strengthen their strategic cooperation. They are of great significance for extending and strengthening the industrial chain for high-performance fiber materials, as well as for establishing a major industrial base in the country. Sinopec’s special fibers project is located in the modern coal chemical industry zone of the Ningdong base. With a total investment of 5 billion yuan and an area of 950 mu, it will be constructed in two phases in accordance with the principle of comprehensive planning and phased implementation. The first phase of construction will involve facilities for producing 4,000 tons per year of ultra-high molecular weight polyethylene fibers, as well as 4,000 tons per year of para-aramid fibers, along with associated auxiliary equipment; completion and commissioning are scheduled for March 2027 ； The second-phase project plans to build production facilities with an annual output of 8,000 tons of para-aramid and 4,000 tons of kevlar. Once the project is fully completed and put into operation, it will generate an additional annual sales revenue of 3 billion yuan, playing a significant role in promoting industrial transformation and upgrading as well as fostering the development of Ningxia’s high-performance fiber industry cluster. The total investment in Sinopec’s new material chemicals project is 938 million yuan; it will have an annual production capacity of 60,000 tons of poly**furan. Completion and operation are scheduled for 2027, with annual sales revenue expected to reach 1.5 billion yuan and annual profits increasing by 112 million yuan. Upon completion, the project will have an annual production capacity of 150,000 tons of poly**furan and 220,000 tons of 1,4-butanediol, thereby providing the necessary raw materials to help build the Ningdong area into a \"China Spandex Valley\". “The project construction utilizes technologies with independent intellectual property rights, and the maturity of these processes is at the international leading level. Upon completion of the project, a dual-driven industrial structure based on para-aramid and ultra-high molecular weight polyethylene fibers will be established, injecting new momentum into the development of a special fiber industry cluster worth tens of billions in value in the northwest region. ”Mao Xuguo, Party Secretary and Executive Director of Sinopec Yizheng Chemical Fiber New Materials (Ningxia) Co., Ltd., said.