The trial production of the technical renovation project for Hongbaoli’s 160,000-ton/year propylene oxide plant is underway

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The 25th National \"Safety Production Month\" in 2026: Everyone talks about safety, and everyone knows how to handle emergencies; identifying and addressing risks and hazards. -------------------------------------------------- On June 17, Hongbaoli Group Co., Ltd. (hereinafter referred to as \"Hongbaoli\") underwent an institutional review. Wang Yusheng, the company’s board secretary, discussed with various institutions issues such as the operational performance for the first quarter of 2026, the production and operation of key products, and the company’s future development plans. Introduction to the company’s basic information: Hongbaoli first presented the operating results for the first quarter of 2026. The announcement shows that the total sales volume of the company’s core products increased on a year-on-year basis in the first quarter of this year, but the company still incurred losses. In response, the company explained that primarily due to the situation in the Middle East, prices of various products in the oil industry chain, including propylene oxide, rose significantly in March. However, there is a lag in the transmission of these price increases to the selling prices of the company’s polyether products, as determined by its pricing mechanism with customers. Specific operating data can be found in the first-quarter report. In the industry of rigid polyether blends, as well as in its production and operation, the domestic demand from downstream sectors such as refrigerators and cold storage containers remains strong. At the same time, refrigerator manufacturers are accelerating their expansion overseas, and new developments in the industry such as new regulations in the EU have led to new requirements from customers regarding the products. Red Power stated that by expanding into domestic and international markets, intensifying research and development efforts, and collaborating with customers to develop solutions, the company has further enhanced its ability to serve clients. Additionally, it has followed refrigerator manufacturers overseas, thereby driving an increase in its product sales volume. At present, the company has established stable cooperative relationships with well-known brands both at home and abroad. The production and operation of isopropylamine: Isopropylamine is used as an intermediate in pesticides, as well as in the production of malondiamine, titanium dioxide, for electronic cleaning, in metal cutting processes, in coatings, as a curing agent, in cement additives, and in various fields related to new energy sources. It is supplied to both domestic and international markets. The company pointed out that the development of the isopropanolamine industry is a process of continuous technological advancement. Through ongoing technological innovation, Hongbaoli is expanding into new application areas, thereby driving the growth of its market ； At the same time, through refined management, product competitiveness is further enhanced. Regarding the propylene oxide industry and its production and operations, Hongbaolai mentioned that the industry is currently affected to some extent by the situation in the Middle East. There are various production methods for propylene oxide, and the industry’s capacity has been expanding rapidly in recent years; changes in the business environment will affect the pace and planning of this capacity expansion. The main objectives of the company’s technical renovation project for the propylene oxide plant are to improve operational efficiency, reduce operating costs, and expand its production capacity to 160,000 tons. At present, this technical upgrade project is in the trial production phase, during which the installation is adjusted and optimized based on operational data to start and stop operations. It is worth noting that the propylene oxide produced by Taixing Chemical’s technological upgrade project is primarily used for the company’s own needs as a raw material in the production of polyurethane polyethers and isopropanolamine; it does not participate in market competition.