Second public announcement on Huizhou Lituo’s 300,000-ton polyolefin product optimization and upgrading project

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Second public announcement for the optimization and renovation project of Huizhou Lito’s 300,000-ton polyolefin production facility 2025-06-10 16:04:39 On June 5, the second public announcement was made regarding the environmental impact assessment for the project aimed at optimizing the raw materials and products used in Huizhou Lito’s 300,000-ton/year polyolefin production facility. 　　Project Overview Project Name: Optimization Project for Raw Materials and Products of the 300,000 tons/year Polyolefin New Materials Plant of Huizhou Lituo New Materials Co., Ltd. Constructor: Huizhou Lituo New Materials Co., Ltd. Location: Huizhou New Materials Industrial Park Project Description: Huizhou Lituo New Materials Co., Ltd. is located in the Huizhou New Materials Industrial Park, where it produces 300,000 tons of polyolefin new materials per year. This project is a renovation project for Huizhou Lituo’s 300,000 tons per year polyolefin new material plant. The main raw material for Huizhou Lituo’s 300,000 tons per year polyolefin new materials production facility is propylene, with a demand of around 300,000 tons per year; at present, this material is entirely supplied to the plant via trucks transported from outside ； The products are homopolymer, random, and impact-resistant polypropylene products, with a somewhat limited product variety. This results in higher raw material costs on the one hand, as well as certain risks related to transportation safety and supply stability ； On the other hand, the product structure is somewhat limited, and the competition in the polypropylene market is fierce, which has a significant impact on the project’s profitability. 　　It is planned to invest 124.06 million yuan in the Huizhou New Materials Industrial Park to carry out the raw material and product optimization project for a 300,000-ton/year polyolefin new materials production facility operated by Huizhou Lituo New Materials Co., Ltd.; no additional land area will be required for this project. 　　Huizhou Lituo New Materials Co., Ltd. was established on August 5, 2021, and is a subsidiary controlled by Yueyang Xingchang Petrochemical Co., Ltd. Huizhou Lituo New Materials Co., Ltd. plans to locate its facility in the Huizhou New Materials Industrial Park in Baihua Town, Huidong County, Huizhou City. The total investment for this project is 1,195.86 million yuan. The company will be engaged in the production and processing of polypropylene powder and pellets, with an annual output of 300,000 tons of polypropylene powders designed for toughening and modification purposes. Of this amount, 150,000 tons will be sold as finished products, while the remaining 150,000 tons will be processed into pellets through granulation and extrusion (50,000 tons of general-purpose polypropylene, 50,000 tons of polypropylene for injection molding, and 50,000 tons of polypropylene fibers). In addition, the project is equipped with a methanol-to-hydrogen plant for hydrogen production; the hydrogen generated is used internally and not sold externally.