Satellite Chemical Jiaxing South Lake Acrylate Green Upgrade Project

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On December 12, 2025, Satellite Chemical signed a project for the green upgrading of acrylate production in Nanhu District, Jiaxing, Zhejiang. With a total investment of 740 million yuan, this project aims to achieve technological upgrades and better coordination within the industrial chain through methods that permit increased production without expanding land use. This project will carry out a systematic upgrade and renovation of the existing acrylic acid and ester production facilities. The total investment in the project is 740 million yuan; it involves upgrading the existing facilities by utilizing its own green processes and new technologies. Upon completion of the project, it will drive the joint development of related industries, leading to a dual increase in production capacity and economic benefits. Project construction overview: (1) The existing acrylic acid plant (Phase I), with an annual production capacity of 40,000 tons, is planned to be demolished. A new acrylic acid plant with an annual capacity of 100,000 tons and a refined acrylic acid plant with an annual capacity of 100,000 tons will be built. The two existing acrylic acid production units (Phase II and Phase III), each with an annual capacity of 60,000 tons, will undergo technical upgrades; their purification processes will be changed to new methods, and their production capacity will be increased to 70,000 tons per year. After these upgrades, the total annual production capacity will be 240,000 tons for acrylic acid and 100,000 tons for refined acrylic acid. Technical upgrades were carried out on the methyl acrylate production unit of the acrylic acid plant (Phase 1), resulting in a flexible production capacity of 45,000 tons per year for methyl acrylate/ethyl acrylate. (2) Renovation of storage, transportation, and auxiliary facilities for this project: ① Expansion of the propylene storage tanks – 3 additional propylene tanks will be added, bringing the total capacity to 8,000 m3 ； ②Create new air separation/compression ； ③Build new loading/unloading quay ； ④Create a new order processing room ； ⑤Build a new tank truck parking lot ； ⑥Expansion of fire water tank ； ⑦Improvement of the treatment capacity of sewage treatment plants ； ⑧Expansion of Tank Area 3 in the East Plant Area ； ⑨Construct a new 110KVA substation (radial environmental impact assessment to be carried out separately). This project, along with the supporting utilities, roads, pipeline networks, and other facilities. Satellite Chemical was established in 2005, originally named Zhejiang Satellite Acrylic Co., Ltd ； It was renamed Zhejiang Satellite Acrylic Manufacturing Co., Ltd. in 2008 ； In November 2009, it merged with Zhejiang Shantailide Chemical Co., Ltd.; in September 2010, it completed its transformation into a joint-stock company and was renamed Zhejiang Weixing Petrochemical Co., Ltd ； It was renamed Satellite Chemical Co., Ltd. in November 2021. The headquarter of the Satellite Group Company is located in Nanhu District, Jiaxing City, Zhejiang Province. It currently has three production bases in Jiaxing, Pinghu, and Lianyungang, focusing on the production of industries related to the C2/C3 industrial chain. At its Jiaxing base, an industrial chain that spans propane – propylene – acrylic acid (esters) – acrylic resin (emulsions) has been established. Satellite Chemicals has an acrylic acid production capacity of 840,000 tons per year, and a butyl acrylate production capacity of 780,000 tons per year; in addition, it also produces other acrylates as well as downstream products such as SAP. Through an integrated supply chain strategy, the company has established a complete industrial chain of \"propane-propylene-acrylic acid-acrylates,\" enabling it to maintain strong cost control and market competitiveness. As the largest acrylate producer in China, Satellite Chemical is a leading enterprise in the industry that boasts years of operational experience and unique competitive advantages. The implementation of this project also lays a solid foundation for the future development of a billion-yuan-scale \"Acrylate and Advanced Downstream Chemical New Materials Industrial Park\".