On September 17, at the 20th China-ASEAN Expo held in Nanning, Guangxi, Hengyi Group and the Qinzhou Municipal Government discussed a high-end fiber material integration project with a total investment of 12 billion yuan and an annual output of 800,000 tons. Signing.
The contract has a total investment of 12 billion yuan in an integrated high-end fiber material project with an annual output of 800,000 tons. After completion, it is expected to add an additional output value of approximately 11.5 billion yuan and a tax revenue of approximately 1 billion yuan. It will create the largest nylon production base in the country, and will cooperate with Tongkun The Qinzhou project is complementary to create a "polyester-nylon" dual chain and promote the establishment of a new dual-base operation model for the "Qinzhou-ASEAN" industrial chain.
Overview of Hengyi Caprolactam-Polyamide Industrial Integration Project
On July 7, 2019, Hengyi Group signed a high-end green chemical industry and chemical fiber integration project investment cooperation agreement with the Qinzhou Municipal Government, launching comprehensive industrial cooperation with Qinzhou. The first phase has an annual output of 1.2 million tons of caprolactam-polyamide industry integration and supporting projects. The project has successfully started construction.
Guangxi Hengyi New Materials has an annual output of 1.2 million tons of caprolactam-polyamide industry integration and supporting engineering projects with a total investment of approximately 22 billion yuan. After it is put into operation, it can achieve an annual output of 1.2 million tons of polyamide chips and an average annual sales revenue of approximately 20 billion yuan. The average annual tax revenue is 1.8 billion yuan.
The first phase of the project mainly builds 1 coal-to-hydrogen synthesis ammonia combined unit (hydrogen 100,000 m³/h, ammonia 200,000 tons/year), 2 400,000 tons/year hydrogen peroxide units (35% basis), and 2 300,000 tons/year ammonia units. French cyclohexanone unit, 2 sets of 300,000 tons/year caprolactam units and 5 sets of 120,000 tons/year polyamide polymerization units.
The second phase of the project mainly constructs 1 set of 400,000 tons/year hydrogen peroxide unit (35% basis), 2 sets of 300,000 tons/year cyclohexanone units, 2 sets of 300,000 tons/year caprolactam units and 5 sets of 120,000 tons/year. polyamide polymerization plant.
The first phase of the project has a construction period of 36 months and is scheduled to be put into production in December 2023. The second phase of the project will have a construction period of 24 months and will be put into operation in 2025.
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