It is learned from the website of the Taixing Municipal Government in Jiangsu Province that on May 20, the Xinpu Chemical New Material Industrial Park project was signed at the Jiangsu Development Conference.
According to the relevant person in charge of Xinpu Chemical (Taixing) Co., Ltd., during the "14th Five-Year Plan" period, Xinpu Chemical plans to invest 2.5 billion U.S. dollars to implement a series of The development and construction of new material products will build the Xinpu Chemical New Material Industrial Park. Mainly construct 300,000 tons/year hydrogen peroxide method propylene oxide, 200,000 tons/year polyether polyol and other devices. Among them, propylene oxide adopts the direct oxidation process encouraged by the state, and the self-developed high-performance, high-value-added polyether polyol is in line with the development direction of high-end new materials. After the project is fully completed and put into production, it is estimated that the annual invoiced sales will increase by 20 billion yuan. By the end of the "14th Five-Year Plan" period, Xinpu Chemical can achieve annual billing sales of over 30 billion yuan, becoming a large-scale leading enterprise in Taixing Economic Development Zone.
Xinpu Chemical (Taixing) Co., Ltd. is a wholly-owned subsidiary of Singapore Xinpu Chemical Pte Ltd. Since it invested in Taixing Economic Development Zone in 1995, it has been a base and leading enterprise in the park. Several times of expansion and development, with a total investment of more than 2.3 billion US dollars, now has an annual output of 750,000 tons of ion-exchange membrane caustic soda plant, 900,000 tons of vinyl chloride plant, 320,000 tons of styrene plant, 650,000 tons of ethylene, and 120,000 tons of propylene cracking plant and self-contained thermal power plants.
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