On September 21, Hongbaoli released the “Announcement on the Adjustment of the Taixing Chemical Company’s Propylene Oxide Expansion Project Plan” stating that the Taixing Chemical Company’s propylene oxide expansion project originally planned to increase the annual production capacity of propylene oxide. 100,000 tons expanded to 250,000 tons,
Create a domestic CHPPO propylene oxide new process demonstration project.
During the process of filing the project with the government, due to the impact of the local government’s “dual energy consumption control” policy, the energy indicators of the project were insufficient, so the company adjusted the project expansion plan. According to the energy index conditions, the project expansion plan will be implemented step by step. In the first step, the technology will be changed to a 160,000-ton device scale, and the original planned project construction content will be adjusted based on process optimization and other conditions.
Propylene oxide comprehensive technological transformation project
Project Name: Taixing Chemical Company Propylene Oxide Comprehensive Technology Transformation Project
Project Nature:Renovation
Construction period:1 year
Project investment: The total project investment is 399.0976 million yuan, including construction investment of 276.2036 million yuan, initial working capital of 47.894 million yuan, and one-time investment of 75 million yuan.
Occupied area: This project does not require new land acquisition and uses some supporting public works of Taixing Chemical Company;
Adjusted construction content: The construction goal of this project is to expand the production capacity of the existing 100,000 tons/year propylene oxide unit to 160,000 tons/year through technical transformation, including the main propylene oxide unit, sewage Treatment station, 1# power transformation and distribution station, soft water station/air compressor station, circulating propylene compressor workshop, tank farm, loading and unloading platform, oxidation air compressor room, circulating water station, central control room, hazardous waste incinerator system, Modification of the flare system, overhead pipe gallery, etc., as well as the construction of a new production dispatch center, hydrogen compressor factory building, 2# hazardous waste warehouse, general solid waste warehouse equipment, RTO tail gas treatment, etc. Compared with the original plan, the renovation content increased and the investment increased.
The main project of the project is the propylene oxide production line and the Lianqu production line. The main projects involved and the changes in product design capabilities before and after completion are as follows:
Economic benefits of the project: The output of this project is 160,000 tons/year of propylene oxide, 10,000 tons/year of dimethyl benzyl alcohol, other products, etc. In normal years, the estimated sales revenue is 2,096.15 million yuan, net The profit is 335 million yuan, the project investment payback period is 4.53 years (including the construction period and after-tax), and the project’s internal rate of return is 29.27% (after-tax). [Note: Including the original 100,000-ton project product income estimate]
Technical transformation project progress: At present, the corresponding procedures for safety assessment and environmental assessment have been submitted to the competent government departments and are awaiting approval. The project’s technical transformation plan has been determined, equipment has been ordered one after another, and project construction is being accelerated. It is expected to be completed in the first half of 2024, and will enter the trial production license application stage in June 2024.
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