Wanhua Chemical Announces Key Investments in 13 Projects for 2026
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13 major projects announced! Since the beginning of the year, Wanhua Chemical has announced 13 major projects; according to incomplete statistics, the total additional production capacity amounts to over one million tons. The details are as follows: On April 20, the draft environmental impact assessment report for Yantai Huashengmei New Materials Co., Ltd.’s project with an annual production capacity of 15,000 tons of HSPA was made public for comments. It is reported that Yantai Huashengmei New Materials Co., Ltd. was established on March 13, 2026, as a joint venture between Wanhua Chemical (Penglai) Co., Ltd. and Hefei Xinmei Materials Technology Co., Ltd. (abbreviated as Xinmei Materials). The company is located on East South-North Street, Beigou Town, Penglai District, Yantai City, Shandong Province. Its registered capital is 100 million yuan, and its business scope includes the development of new material technologies, provision of services related to the promotion of such technologies, and the manufacturing of synthetic materials. The 15,000-ton-per-year HSPA project is being undertaken by Yantai Huashengmei New Materials Co., Ltd. at the Penglai Chemical Industry Park, on land leased from Wanhua Chemical (Penglai) Co., Ltd. The project received its filing certificate on March 23, 2026. Its objective is to produce 15,000 tons per year of high-performance solvent-based polyacrylic resin (HSPA). The project will be carried out in two phases: Phase I involves the construction of the main HSPA production facility, with a designed annual capacity of 7,500 tons; Phase II entails adding new production lines, HSPA storage tanks, and a product warehouse atop the framework established during Phase I, also with a designed annual capacity of 7,500 tons. Both the first-phase and second-phase products are HSPA; HSPA includes three grades: SA3201, SA3205, and AD1201. These three grades are produced in a combined manner, with the total annual production capacity for all three grades across both phases amounting to 15,000 tons. Looking back at their history of cooperation, this is not the first time they have worked together. In August 2025, the two parties established Yantai Wanmei New Materials Co., Ltd. together, with Wanhua Chemical holding 70% of the shares and Xinmei Materials holding 30%. The registered capital is 100 million yuan, and the company focuses on the sales of synthetic materials and specialty chemicals, as well as the research and development of new material technologies. It is worth noting that Xinmei Materials was established on September 19, 2023, with a registered capital of 3.89 billion yuan. It was founded by Nuoyan Capital in collaboration with Hefei Industrial Investment Group, as well as state-owned assets from multiple regions including Xinzhan High-Tech Zone, Fuzhou, and Danyang. As a holding company for optoelectronic display materials under the Haosheng Technology Group, it primarily engages in the production of polarizer protective films, surface treatment films, and OLED materials. Its product range includes various new optoelectronic materials such as PMMA films, surface treatment films, protective films, BPF (substrate support films), and TPF (temporary protective films). The core product of this collaborative development project is the high-performance solvent-based polyacrylic resin (HSPA). This type of resin is typically prepared through free-radical copolymerization in organic solvents, using hydroxypropyl acrylate (HPA) as the key functional monomer. It possesses a high solid content, low VOC levels, high gloss, excellent weather resistance, and strong adhesion properties. It serves as a key component in high-end coatings, inks, and adhesives, and can directly meet the demands for core raw materials used in the production of optical films, thereby facilitating integration between the chemical materials industry and the display materials industry.
The 1.6 million tons per year integrated special polyolefin project was launched. On April 17, Borouge announced that it had signed a 50:50 joint venture agreement with Wanrong New Materials, a subsidiary of Wanhua Chemical Group; the two parties plan to develop steam cracking units and polyethylene production facilities in Fujian. Borouge stated that this partnership is built on the achievements of previous collaborations. As early as July 23, 2024, Wanhua Chemical and Wanrong New Materials signed a Project Cooperation Agreement in Beijing with a consortium composed of ADNOC, Norsk Hydro, and Borealis. The parties intended to establish a joint venture on a 50:50 shareholding basis in order to carry out feasibility studies for building an integrated facility capable of producing 1.6 million tons per year of specialty polyolefins. It is reported that on February 24, 2025, Wanhua Chemical’s official website published a public notice regarding the social stability risk analysis for the joint-venture high-end polyolefin project carried out by Wanrong New Materials (Fujian) Co., Ltd. The project is constructed in the eastern industrial zone of the Fuzhou Jiangyin Port City Economic Zone, in Jiangyin Town, Fuqing City, Fujian Province. The main components of the project include an ethane cracking unit for producing ethylene, an FDPE production unit, a metallocene LLDPE production unit, an LDPE production unit, as well as various supporting and auxiliary facilities.
On April 21, Wanhua Chemical (Penglai) Co., Ltd. released a public notice containing information prior to the submission for approval of the environmental impact assessment report for its project aimed at converting dimethyl carbonate into propylene glycol. The project is located within the existing facility of Wanhua Chemical (Penglai) Co., Ltd. in the Penglai Chemical Industry Park, Beigou Town, Penglai District, Yantai City, Shandong Province (Phase I of the Wanhua Penglai Industrial Park). It primarily utilizes the dimethyl carbonate unit from the original carbonate production project to convert it into propylene glycol products. It is reported that the dimethyl carbonate production unit was completed in March 2025, and trial production began in April 2025; the total output of various products reached 19,100 tons. Due to a weak market, trial production was halted, the materials in the production system were emptied and incinerated, and the equipment and facilities were cleaned through steaming and purged to meet the required standards. Now, it is planned to use the existing equipment to produce propylene glycol instead. Upon completion, the project will bring new profit growth points for Wanhua Chemical. It is also an essential requirement for developing high-end products and enhancing the company’s overall competitiveness.
Public notice regarding the 240,000-ton/year iron phosphate project: On April 17, a draft environmental impact report for Wanhua Chemical (Penglai) Co., Ltd.’s 240,000-ton/year iron phosphate project was made available for public review. This project plans to construct a new 240,000 tons per year ferrophosphate production facility along with auxiliary production facilities in the Penglai Chemical Industry Park in Penglai District, Yantai City; some of the utility systems will be utilized from those already existing in the plant area. It is understood that Wanhua has planned to build a production capacity of up to one million tons of lithium iron phosphate in Haiyang and Laizhou, Yantai. The company urgently needs a stable supply of high-quality, low-cost iron phosphate precursors to cope with market price fluctuations. On March 28, the Wanhua Haiyang Green Energy Industrial Park held a ceremony to mark the commissioning of Phase 1 and the start of construction for Phase 2 (Phase 1 has an annual production capacity of 100,000 tons of lithium iron phosphate, while Phase 2 has an annual production capacity of 200,000 tons of the same product). On March 6, Wanhua Chemical and Xingfa Group jointly invested in the establishment of Hubei Huaxing New Energy Co., Ltd. Shortly thereafter, on March 11, the first public announcement regarding the environmental impact assessment for the project of Hubei Huaxing New Energy Co., Ltd., which aims to produce 240,000 tons of ferrophosphate per year along with related supporting facilities, was released. Public announcement for the 10,000 tons/year TPAM project: On April 10, Wanhua Chemical Group Co., Ltd. published a public announcement regarding the environmental impact assessment report for its 10,000 tons/year TPAM project prior to submitting it for approval. On March 31, the project made public the draft environmental impact assessment report for comments. This project plans to build a new TPAM production facility with an annual capacity of 10,000 tons within the Yantai Chemical Industry Park; other utility and environmental protection systems will be utilized those already available in other facilities within the plant. The propylene amine products manufactured by the TPAM project include monopropylene amine (MIPA), dipropylene amine (DIPA), and tripropylene amine (TIPA). As a green and environmentally friendly fine chemical raw material with excellent performance, isopropylamine can be used in various applications such as the synthesis of surfactants, industrial and household cleaning agents, desulfurizing agents for oil and gas processing, curing agents, cement additives, intermediates for pharmaceuticals and pesticides, the production of titanium dioxide, metal cutting, electronic cleaning, the synthesis of methylenediamine, and coatings. Its market demand is quite broad.
On April 17, the environmental impact assessment report for Wanhua Chemical (Penglai) Co., Ltd.’s MSE industrialization test project was made public prior to its submission for approval. The project is located within the Penglai Chemical Industry Park in Penglai District, Yantai City, Shandong Province. It involves the construction of one MSE industrial pilot plant with a test capacity of 800 tons per year, along with supporting auxiliary and utility facilities; all other facilities will utilize those already existing on site. On April 14, the environmental impact assessment report for Wanhua Chemical Group Nutrition Technology Co., Ltd.’s FCA renovation project was made public prior to its submission for approval. The project is located within the Yantai Chemical Industry Park in Shandong Province. It plans to utilize the existing FCA plant, purchase additional equipment, and carry out technical upgrades to this plant’s production capabilities. Once completed, the plant will be able to produce leucaloid; the production volumes of both leucaloid and FCA will be adjusted according to actual demand and production conditions. The storage and transportation infrastructure, as well as the auxiliary systems and environmental protection measures, will all make use of those already in place at Wanhua Chemical. On March 4, the environmental impact assessment report for the Phase 3 renovation project of the catalyst production facility at Wanhua Yantai Industrial Park, carried out by Wanhua Chemical Group Co., Ltd., was made public prior to its submission for approval. The project is located within the Yantai Chemical Industry Park in the Yantai Economic and Technological Development Zone. In this phase, the existing WHC-2 production line is being upgraded to add a production capacity of 100 tons per year for WHC-D/E products. On March 4, the environmental impact assessment report for Wanhua Chemical Group Co., Ltd.’s project to expand and upgrade its water-based resin production facility in Yantai was made public prior to submission for approval. The project is located within the Yantai Chemical Industry Park in the Yantai Economic and Technological Development Zone. An additional thickener production line has been added to the existing thickener workshop to manufacture reverse-emulsion polyacrylamide products, with an annual production capacity of 3,000 tons.
On March 2, the first public announcement regarding the environmental impact assessment for Wanhua Chemical (Fujian) Isocyanate Co., Ltd.’s project to produce 600,000 tons of PC per year was made. The project is located in the western industrial zone of Jiangyin Port City Economic Zone, Jiangyin Town, Fuqing City, Fujian Province. It involves the construction of 3 PC plants with a capacity of 200,000 tons per year each (the project will be built in two phases), as well as PC refrigeration stations, circulating water stations, power distribution rooms, cabinet rooms, and various auxiliary facilities. At the same time, the phosgene synthesis unit of the MDI plant, which relies on certain raw materials for operation, will also be upgraded. Reactors, towers, heat exchangers, pumps, and other related auxiliary equipment will be purchased and installed. The facility is designed to produce 600,000 tons of PC per year, with an annual by-product output of 7,992 tons of BPA. On February 25, the draft environmental impact assessment report for Wanhua Chemical Group (Penglai) High-Performance Materials Co., Ltd.’s 100,000 tons per year SEP project was made public for comments. The project is located within the Penglai Chemical Industry Park in Penglai District, Yantai City, Shandong Province. It involves the construction of a 100,000-ton/year SEP plant and associated utility and auxiliary facilities. On January 21, the environmental impact assessment report for Wanhua Chemical (Penglai) Co., Ltd.’s 400,000-ton/year polyolefin elastomer project (re-submitted for approval) was made public prior to submission for approval. The project is located within the Penglai Chemical Industry Park in Shandong Province. Its main components involve the construction of a new polyolefin elastomer production facility with an annual capacity of 400,000 tons, along with supporting infrastructure such as public utilities, storage and transportation systems, and environmental protection facilities.
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