Ningxia Guanneng's BDO expected to start operation in October

NMP, PBT/PBAT, PTEMG and other polymer materials, biodegradable materials and upstream supporting industrial chain project of Ningxia Guaneng New material Technology Co., Ltd. was settled in Hongyaziyuan, Ningxia Pingluo Industrial Park in April 2022. The project takes calcium carbide, gray hydrogen and green hydrogen as basic raw materials and extends the production of new polymer materials such as BDO-PBT-NMP- spandex. 

The project is divided into three phases with a total investment of 14.68 billion yuan. At present, the first phase of 272000 tons of BDO and 100000 tons of PBT with a total investment of 3.56 billion yuan is under construction and is expected to be completed and put into production in October 2023. The construction of the third phase of the project is expected to be completed in October 2025. The project uses advanced technology and equipment in the industry. After the completion of the project, it is estimated that 500000 tons of key raw materials for new energy and materials will be produced annually, and 120000 tons of degradable plastics, 100000 tons of electrolytes and 300000 tons of spandex will be produced. 

It is estimated that when all the projects are completed, the annual output value will be 23.8 billion yuan, profits and taxes will be 5.3 billion yuan, and more than 2000 local jobs will be provided. 

At present, the civil construction and installation construction of the first phase of the project has completed about 70% of the total project volume.