6 billion! Polyether leader plans to build a green new material project

On August 21, Changhua Chemical issued an announcement on the plan to sign the “Investment Project Cooperation Agreement”. The company intends to sign the “Investment Project Cooperation Agreement” “Supplementary Agreement”, it is proposed to invest in the construction of the “carbon dioxide polyether and high-performance polyol project” project, the total planned investment of the project is about 6,000,000,000 yuan, and it will be constructed in phases.

Project Overview

Project Name: New carbon dioxide polyether and high-performance polyol project

Implementing entity: Changhua Chemical Technology (Lianyungang) Co., Ltd. (tentative name, subject to the name approved by the industrial and commercial registration authority)

Construction site: Lianyungang Xuwei New District

Investment amount: The total investment is about 6 billion yuan

Project land: The total land area of ​​the project is about 720 mu

Project content: the first phase of construction of the key laboratory of carbon dioxide polyether polyol and the pilot base of green and low-carbon new materials, with an annual output of 80,000 tons of carbon dioxide polyether polyol, 660,000 tons of high-performance polyol, and 800 tons of catalyst; the second phase of construction Annual production of 980,000 tons of carbon dioxide polyether polyols and 360,000 tons of high-performance polyols; the third phase of construction of green and low-carbon new material industrialization projects.

Construction period: After the project is formally signed, Party B shall complete various procedures before the start of construction within 6 months, and ensure that the construction will start before March 30, 2024 (the main device of the project will start the pile foundation construction); The construction content of the first and second phases of the project should be completed and put into operation in December 2028.

On August 3, Changhua Chemical Technology Co., Ltd. was listed on the Growth Enterprise Market of Shenzhen Stock Exchange. Changhua Chemical Technology Co., Ltd. is a holding subsidiary of Jiangsu Changshun Group Co., Ltd., which was established in 2010. It is located in the provincial fine chemical park in Lingang Wharf – Yangzijiang Chemical Park in Zhangjiagang City, Jiangsu Province. Changhua Chemical is a professional large-scale manufacturer of polyether series products in China. Its main business is the research and development, production and sales of polyether products.