The total investment is 10.63 billion yuan! Another new chemical materials project has been made public
On July 22nd, it was reported that Henan Xinlianxin Chemical Industry Group Co., Ltd. recently publicized the draft of the environmental impact assessment for its chemical new materials project (Phase I) for public comment.
According to the public notice, the investment scale of this project is 10.63 billion yuan. It is expected that after completion, the average annual total profit will be 2.17925 billion yuan, the average annual income tax will be 544.81 million yuan, and it will directly create 1,000 job opportunities.
This project is an expansion located in Xinxiang County, Henan Province. In the first phase, it will build systems for the comprehensive utilization of low-rank coal, including water-coal slurry gasification, purification, synthesis, air separation, vehicle and ship exhaust treatment liquid, compound fertilizer, etc., as well as supporting public auxiliary facilities, to form an annual production capacity of 30,000 tons of UAN, 500,000 tons of vehicle and ship exhaust treatment liquid, and 500,000 tons of high-efficiency compound fertilizer. Two 440t/h boilers and two 15MW back-pressure generating units will be constructed to provide centralized heating for Xinxiang Economic Development Zone and the central urban area of Xinxiang County. The first-phase investment is 496,372 million yuan.
In the second phase, a 350,000-ton annual production capacity of sulfuric acid from sulfur, a cyclohexanone plant, a caprolactam plant, a nylon 6 plant and other public auxiliary facilities will be constructed, forming an annual production capacity of 300,000 tons of caprolactam and 200,000 tons of nylon 6. The second-phase investment amounts to 443,300 yuan.
Phase III: Construction of a production facility for 200,000 tons of nylon 66 per year. The third-phase investment amounts to 963.28 million yuan.
The official website of Henan Xinlianxin Chemical Industry Group shows that the company is a large-scale coal chemical group integrating R&D, production, sales and service. It was founded in 1969, transformed into a joint-stock enterprise in 2003, and listed in Hong Kong in 2009 (stock code: 01866). Currently, it has three major production bases in Henan, Xinjiang and Jiangxi. The company is a leading urea enterprise in China in terms of individual scale and profitability per unit product. Its products cover more than 30 types, including fertilizers, basic chemical products, new chemical materials, and new energy chemical materials. The production and sales volume of urea leads the industry, and the production and sales volume of compound fertilizers rank among the top in the industry.