Foundation laid for Huizhou Renxin New Materials’ integrated polystyrene new materials project with a total investment of 3.8 billion yuan

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On November 27, the groundbreaking ceremony for Huizhou Renxin New Materials Co., Ltd.’s (hereinafter referred to as “Renxin New Materials”) integrated polystyrene new materials project was held, marking the start of construction on the project. The total investment for this project is 3.8 billion yuan, of which 3.3 billion yuan is allocated to fixed asset investments. The project will involve the production of 128,000 tons per year of low-cis polybutadiene (LCBR)/soluble styrene-butadiene rubber (SSBR), 550,000 tons per year of high-impact polystyrene (HIPS), 100,000 tons per year of polymethyl methacrylate (PMMA)/methyl methacrylate-styrene copolymer (MS), 350,000 tons per year of tert-butanol (TBA), 130,000 tons per year of propylene oxide, 110,000 tons per year of methyl methacrylate (MMA), and 100,000 tons per year of butyl rubber (IIR). Once operational, the project is expected to generate an annual output value of around 7.8 billion yuan, with its key energy efficiency indicators reaching ** or advanced levels in the industry. Renxin New Materials is the first locally listed high-tech enterprise in the Daya Bay Petrochemical Zone. The integrated polyphenylene new material project relies on raw materials supplied by relevant enterprises within the Daya Bay Petrochemical Park. By utilizing advanced domestic and international technologies, these materials are processed into high-value-added products, thereby filling a gap in the domestic market as well as in the South China region. This approach helps to strengthen and optimize the supply chain, enhancing the profitability and risk resistance of enterprises both upstream and downstream in the park. Products such as PMMA, MS, LCBR, and SSBR will help to change the current pattern of resource utilization for bulk commodity products in the park, enabling it to become the world’s largest polystyrene manufacturing base as well as a comprehensive manufacturing hub for optical-grade polymer materials. It will also raise the technological and economic standards of the park, bringing significant economic and social benefits. Furthermore, upon implementation, this project will effectively support and promote the development of industries such as electronic information, automobiles, home appliances, and daily consumer goods in South China. It will significantly enhance Renxin Company’s overall strength, helping it reach an output value of over 10 billion and become a leading player in the industry as well as a star enterprise within the park.