On February 16, the 2023 major project resumption ceremony of Tiemenguan City, the Second Division of Xinjiang Production and Construction Corps, was held in Shuangfeng Circular Economy Industrial Park, Tiemenguan Economic and Technological Development Zone, Xinjiang Shuguang Green 106 major projects such as the annual production of 100,000 tons of BDO and 120,000 tons of PBAT projects of Hua Biotechnology Co., Ltd. have resumed intensively.
As the "highlight" of this intensive resumption project, Xinjiang Shuguang Luhua Biotechnology Co., Ltd. has an annual output of 100,000 tons of BDO and a combined production of 120,000 tons of PBAT. Create an important industrial base for new chemical materials in southern Xinjiang of the Corps and inject strong momentum into its development.
The main units of the project include BDO unit, PBAT unit, natural gas acetylene unit, methanol unit, formaldehyde unit, etc. According to Yu Yongfa, chairman of Anhui Shuguang Chemical Group, the project is about to enter the peak period of construction. It is expected to complete construction this year and start production in June next year. In the later stage, the second phase of the project will be built, with a total investment of 10 billion, and a total production of 300,000 tons of BDO and 350,000 tons of PBAT.
On July 13, 2021, Donghua Engineering Technology Co., Ltd. affiliated to China Chemical Corporation and Xinjiang Shuguang Luhua Biotechnology Co., Ltd. signed an EPC general contract for an annual production of 100,000 tons of BDO and 120,000 tons of PBAT projects. On July 26, the project BDO device process package and technical service contract were officially signed in Hefei.
Xinjiang Shuguang Luhua
Xinjiang Shuguang Luhua Biotechnology Co., Ltd. is jointly invested and established by Anhui Shuguang Chemical Group Co., Ltd., Xinjiang Luyuan State-owned Capital Investment and Operation Co., Ltd., and Donghua Technology.
On July 14, 2021, Donghua Technology issued the "Announcement on Investing in Xinjiang Shuguang Lvhua Biotechnology Co., Ltd.".
According to the "Supplementary Agreement on Shareholder Capital Contribution", the registered capital of Shuguang Luhua is 1,000,000,000 yuan, of which: Donghua Science and Technology contributes 50 million yuan in monetary funds, accounting for 5% of the equity; Anhui Shuguang invests in monetary funds 650 million yuan, accounting for 65% of the equity; Xinjiang Luyuan contributed 300 million yuan in monetary funds, accounting for 30% of the equity.
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