Overview of Shaanxi Yueneng New Materials Co., Ltd.’s Epoxy Resin Integration (Phase I) Project – Total investment of 13.2 billion yuan

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The 25th National \"Safety Production Month\" in 2026: Everyone talks about safety, everyone knows how to handle emergencies; identifying and addressing potential risks and hazards. -------------------------------------------------- I. Basic information on the project: Constructor: Shaanxi Yueneng New Materials Co., Ltd. Construction location: Shenmu High-Tech Industrial Development Zone (Jinjie Industrial Park), Yulin City, Shaanxi Province, covering an area of approximately 1,588 mu. Approval and Investment: Project Code 2402-610821-04-01-510211 ； The total investment for the first phase is 13.2 billion yuan, of which 507.5 million yuan is allocated to environmental protection measures (accounting for 3.84%) ； The official environmental impact assessment approval from the Shaanxi Provincial Department of Ecology and Environment was obtained in October 2025. Plant capacity allocation: An integrated layout across the entire industrial chain, with facilities covering all stages of the production process – Upstream raw materials: 800,000 tons per year of DMTP (propylene produced from methanol), 300,000 tons per year of isopropylbenzene, 350,000 tons per year of phenol acetone, 200,000 tons per year of hydrogen peroxide ； Intermediates: 100,000 tons/year of chloropropene, 100,000 tons/year of epichlorohydrin, 240,000 tons/year of bisphenol A ； End products: 250,000 tons per year of epoxy resin, 50,000 tons per year of EPDM, 100,000 tons per year of POE (polyolefin elastomer) ； Environmental protection facilities: 100,000 tons/year waste salt comprehensive utilization plant, thermal power station, sewage treatment system, storage and transportation tank areas, as well as various auxiliary facilities for the entire plant. Project positioning: The world’s first project to produce epoxy resins using the entire coal-based methanol production chain; a key energy and chemical industry development project in Shaanxi Province; a model project under the 14th Five-Year Plan for the raw materials industry ； The planned workforce is 908 people. The construction period is estimated at 30–36 months, with phased commissioning scheduled for 2027–2028. II. Bidding Situation (Survey and design, equipment procurement, and EPC construction carried out in phases) Survey and design bidding: Overall design: China Tianchen Engineering won the bid for the overall design of the project in May 2024 ； Expert review of the project’s general layout to be completed in November 2024 ； Special investigation: Tender for special investigation of high-fill slopes, HAZOP safety analysis, and SIL safety verification services to be issued in May 2026 ； Simultaneously launch the tender for the investigation of backfill soil for site gullies (820,000 m³ of purchased soil). Tendering for equipment procurement (centralized bid opening in 2025–2026): For large rotating equipment, two public tenders for centrifugal compressors (main blower units) will be conducted in January and February 2026. Shaanxi Blower Group has successfully secured the contract for the core units ； March tender for the centralized procurement of oversized heavy equipment ； International tenders for complete sets of equipment for butyl and styrene-butadiene rubber reactors and packaging systems were gradually posted in May ； Process package: The process package for the 100,000 tons per year epichlorohydrin plant was signed and implemented on February 10, 2025 (Dalian Institute of Chemical Physics + Binhua Technology) ； The procurement bidding for the POE and EPDM process packages was carried out in batches ； Auxiliary materials and systems: Bidding for safety technical services, plant site automation, and complete fire-fighting equipment will be conducted in phases throughout the year. In May 2026, a pre-bid notice for the outdoor works in the front area of the plant (roads, utility networks, landscaping) will be issued. EPC general contracting tender: EPC for the thermal power plant: A second tender will be conducted in March 2026. The construction period is 480 calendar days, with contract signing scheduled for May 2026 ； The EPC contracts for various production units are tendered in batches on an ongoing basis, while the EPC contracts for utility systems are awarded simultaneously with the civil construction work. III. Construction Progress: Site preparation (2024): Work on site leveling commenced in February 2024, involving the clearing of the land and preliminary remediation of gullies ； Throughout 2024, the procedures regarding land use, land acquisition, and construction of temporary facilities will be completed. Official start of civil construction (key date: 2025.12.16): Work begins on the plant’s water supply, drainage, and fire protection piping systems. The project moves from the preliminary preparation phase to the actual civil construction stage, becoming the first utility project section to commence work. Status of construction in 2026: Earthwork backfilling at the factory site – The tender for the backfilling work in Area 3, involving 820,000 cubic meters of soil, has been issued; large-scale earthwork construction will commence within 2026 ； Construction on the foundations for the thermal power plant and tank farm is underway ； Phased commencement of pile foundations and ground works for various production units ； Core equipment is being produced and stocked sequentially; in accordance with the contract, it will be delivered in batches over 12 months to align with the on-site equipment installation schedule ； Temporary buildings, temporary water and electricity supply, construction barriers, and the supervisor’s office have all been put into use ； The project is currently in the peak phase of civil construction and the final stage of equipment ordering; construction is progressing steadily as planned. IV. Significance of the Project
Strategic industrial significance: The project establishes a domestically unique coal-based full industrial chain spanning coal → methanol → propylene → epichlorohydrin → bisphenol A → epoxy resin. It fills the gap in the local production of high-end epoxy resin, POE, and ethylene-propylene rubber raw materials in the Northwest region, thereby reducing China’s reliance on imports for key intermediates used in high-end electronic-grade and photovoltaic-grade epoxy resins ； Upon completion, the 250,000-ton epoxy resin production capacity will account for approximately 12% of the country’s apparent demand, thereby ensuring the security of the industrial chains and supply chains for wind power, photovoltaics, electronic packaging, and new energy lithium battery materials. It will also facilitate the domestic substitution in the field of new materials. Significance of regional energy transition: Leveraging Yulin’s abundant coal resources, this initiative aims to drive the development of Yulin’s coal chemical industry from low-end raw coal and basic methanol production toward high-end fine new materials. It embodies the principle of “starting with coal and ending with chemical products, with local conversion,” thereby achieving clean, efficient, and high-value utilization of coal ； Improve the industrial layout of the Yulin **-level Energy Revolution Innovation Demonstration Zone, optimize the energy and chemical industry structure in northern Shaanxi, and move away from the energy-intensive model of extensive coal mining. Local economy and environmental benefits: The implementation of this project fosters the development of related industries such as equipment manufacturing, logistics, maintenance, and chemical production, creating nearly a thousand direct jobs and indirectly generating employment opportunities in associated industries ； Equipped with systems for the recycling of waste salts and zero-discharge treatment of high-salinity wastewater, enabling closed-loop environmental protection throughout the process and achieving the recycling of solid waste ； POE and EPDM rubber products precisely meet the domestic demand for photovoltaic encapsulants and modified plastics. They help reduce costs in China’s new energy industry, enhance the global market competitiveness of China’s new materials, and contribute to the development of a model industrial park for coal-based new materials in the Northwest region. The articles published on this account are for informational purposes only and have no commercial use. If there is any infringement, please let us know and we will remove it promptly. The images accompanying the article do not represent the author’s stance; they are used solely to illustrate the type of article. The information is compiled from the internet; please exercise caution when evaluating it. Due to the author’s limited knowledge, this text has been compiled and summarized by drawing on information from the Internet; any inaccuracies in the descriptions are welcome to be pointed out. Any subsequent updates on the project will be subject to the official announcements.