On October 20, Sanwei Holding Group Co., Ltd. (“Sanwei Holdings” for short) announced that its subsidiary Inner Mongolia Sanwei New Materials Co., Ltd. and the Wuhai High-tech Industrial Development Zone Management Committee signed the ” Investment Cooperation Framework Agreement”, it is planned to invest in the Wuhai High-tech Industrial Development Zone to build 700,000 tons/year BDO, 500,000 tons/year degradable plastic PBAT, 240,000 tons/year high-end polyether material PTMEG, 100,000 tons/year NMP and supporting green power projects have a total investment of 14.8 billion yuan.
The main contents of the “Investment Framework Agreement”
According to the agreement, the Management Committee of Wuhai High-tech Industrial Development Zone supports Inner Mongolia Sanwei New Materials Co., Ltd. to invest in the construction of 700,000 tons/year BDO and 500,000 tons/year degradable plastic PBAT in the low-carbon industrial park of Wuhai High-tech Industrial Development Zone. , 240,000 tons/year high-end polyether material PTMEG, 100,000 tons/year NMP, mainly producing and operating BDO, PBAT, PTMEG, NMP and other products. At the same time, the Management Committee of Wuhai High-tech Industrial Development Zone supports Inner Mongolia Sanwei New Materials Co., Ltd. to make full use of Wuhai City’s scenic advantages, invest in the construction of supporting green power projects, and create a green and low-carbon coal chemical production base. It is planned to complete the project investment and construction and put it into production before 2026.
The total investment amount is expected to be 14.8 billion yuan, including the original planned investment of 8.7 billion yuan in the second phase. This planned new investment is 6.1 billion yuan, of which 1.3 billion yuan is invested by BDO and NMP, and 4.8 billion yuan is invested in green power.
The first phase of 300,000 tons of BDO is basically completed, and the second phase will add 100,000 tons of BDO
It is worth noting that the first phase production capacity (annual production of 300,000 tons of BDO, etc.) of the 900,000 tons/year BDO and degradable plastics integrated project constructed by Sanwei Co., Ltd. in Wuhai has been basically completed.
Sanwei Shares stated that the signing of this framework agreement is to optimize and improve the planned second phase of the project based on the market environment and policy guidance. The original plan was 600,000 tons/year BDO and 500,000 tons/year degradable plastic PBAT. , 240,000 tons/year of high-end polyether material PTMEG, 100,000 tons/year of γ-butyrolactone (GBL) and 50,000 tons/year of NMP. This plan will add an annual BDO production capacity of 100,000 tons and an annual NMP production capacity of 50,000 tons. Ton. At the same time, new supporting green power production capacity will be built to meet the needs of power production.
As for the impact of the project on listed companies, Sanwei shares stated that after the project is fully completed, the company’s total BDO integrated project scale will reach 1 million tons/year BDO, 600,000 tons/year PBAT, 300,000 tons/year PTMEG, 100,000 tons /year GBL and 100,000 tons/year NMP. At the same time, the company uses Wuhai’s rich wind and solar resources to build green power production capacity and promotes the coupling of green energy and new production capacity, which is conducive to the company’s reduction of production costs, promotion of clean production, and implementation of low-carbon goals, in line with the policy of green and low-carbon development of the coal chemical industry The project will also help optimize the local ecological environment, create new jobs, and have good ecological, economic and social benefits. In the long run, it will be beneficial to enhance the company’s brand image and market competitiveness, and will be beneficial to the company’s long-term sustainable development.
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