Changhong Polymer Scientific and Technical: PBTA and natural-gas-based BDO projects achieve new progress

It was reported that Changhong Polymer Scientific and Technical released news on July 4, from June 9 to June 28, the company received TF Securities and other institutions to investigate, the specific contents are as follows:

The progress of new projects such as PBAT, natural gas-based BDO, calcium carbonate masterbatch, etc?

The BDO project is pushing ahead with the signing of natural gas contracts for major raw materials; the land for the calcium carbonate masterbatch project has been delisted and follow-up work is proceeding in an orderly manner.

What are the competitive advantages of the company in the PBAT project?

1. Upstream and downstream integration advantages, lower cost;

2. Scale advantage, in the construction capacity, the 600kt/year of Changhong Polymer Scientific and Technical is the largest batch in the country;

3. First-mover advantage and flexible production advantage, the company can switch production PBT or PBAT at any time according to national policy, raw material price, profit level, market supply and demand, etc.

The company plans 600kt/year of PBAT, does it include 300kt/year of Qingyang project, or only refers to project in Shengzhou? 120kt/year has been put into production, whether there are any further actions in the second phase.

60kt refers to the planned capacity of the Shengzhou plant only, which is divided into two phases, each phase of 300kt/year, the first phase of the first 120kt/year project has been completed and put into production, and the preparatory work of the first phase and second 180kt/year project is being carried out. Follow-up according to market conditions and other comprehensive considerations to promote.

Changhong Polymer Scientific and Technical built a 600kt/year PBAT/PBS/PBT flexible production project in Shengzhou City, Zhejiang Province, planned to invest in the construction of natural gas deep processing project to produce BDO in Qingyang, Gansu Province, and the calcium carbonate masterbatch project in Hezhou, Guangxi, so as to open up the industrial layout of integrated upstream and downstream coverage of degradable plastics, from BDO to PBAT and PBT products; PBAT, PBT modification and then to the industrial chain of degradable products.

1. 600kt/year full biodegradable thermoplastic industrial park PBAT/PBS/PBT flexible production project, the project is divided into two phases, each phase 300kt/year, the total construction period is 5 years. The first phase is the first to build a 120kt/year production line, which can flexibly produce different products such as PBAT, PBS and PBT according to market demand, and has the ability of chain expansion and modification to produce other different brands of products.

2. Qingyang natural gas deep processing project, the annual output of the project is 600kt/year of BDO and 300kt/year of PBAT project. The project construction includes 4×50kt/year acetylene plant, 6×240kt/year formaldehyde plant, 4×150kt/year BDO plant, 2×150kt/year PBAT plant and supporting public auxiliary facilities. Using scattered natural gas as raw material, BDO products and PBAT or PBT products are produced by alkyne aldehyde process.

3. Changhong biodegradable masterbatch industrial park project, the project production land planning, divided into two phases of construction. The first phase is to build an annual output of 500kt/year of high-end modified calcium carbonate production line, 300kt/year degradation masterbatch production line, 300kt/year shoe material masterbatch production line. The second phase is to build an annual output of 500kt/year high-end modified calcium carbonate production line, 300kt/year degradation masterbatch production line, 300kt/year shoe material masterbatch production line, 100kt/year degradable products and agricultural plastic film, corresponding warehouse, electric power, office and other facilities.