Tongkun Group Signed Contract for Fine Chemical New Materials Project
2024-2-18
Recently, Tongkun Group signed a contract for the sea salt base project of the fine chemical new materials.
The project is located in the Chemical and New Materials Park of Sea Salt Economic Development Zone in Zhejiang Province, with a planned total investment of 5 billion yuan. It will be developed in two phases, with an investment of 2 billion yuan in the first phase for a high-end interface agent project with an annual output of 200,000 tons scheduled to be put into operation in the first quarter of 2026, and with an amount of 3 billion yuan in the second phase for an environmentally friendly polyether new material project. The entire project is expected to bring an additional annual output value of 5 billion yuan after its completion.
As early as 2020, Tongkun Group set foot in the Hengxiang New Materials Project in Sea Salt Chemical Industrial Park. This is the first industrial base under Tongkun Group in sea salt, with an annual output of 150,000 tons of surfactants and 200,000 tons of textile special additives.
In recent years, Hengxiang has continuously broken through technological bottlenecks, successfully resolving difficulties in the domestic chemical fiber and textile oil agent industry, overtaking its competitors in the field of fine chemicals and thus taking its position to become an invisible champion in this industry. In 2023, the company saw its output value reach 1.2 billion yuan.
With the growth of the market for green daily chemical products, cleaning products, environmentally friendly textile additives and chemical fiber high-speed spinning additives, the sea salt base will focus on the polymer material industry, adopting highly automated, intelligent, and environmentally friendly low-carbon processes in project design processes for the high-end fine chemical new material project.
The project is located in the Chemical and New Materials Park of Sea Salt Economic Development Zone in Zhejiang Province, with a planned total investment of 5 billion yuan. It will be developed in two phases, with an investment of 2 billion yuan in the first phase for a high-end interface agent project with an annual output of 200,000 tons scheduled to be put into operation in the first quarter of 2026, and with an amount of 3 billion yuan in the second phase for an environmentally friendly polyether new material project. The entire project is expected to bring an additional annual output value of 5 billion yuan after its completion.
As early as 2020, Tongkun Group set foot in the Hengxiang New Materials Project in Sea Salt Chemical Industrial Park. This is the first industrial base under Tongkun Group in sea salt, with an annual output of 150,000 tons of surfactants and 200,000 tons of textile special additives.
In recent years, Hengxiang has continuously broken through technological bottlenecks, successfully resolving difficulties in the domestic chemical fiber and textile oil agent industry, overtaking its competitors in the field of fine chemicals and thus taking its position to become an invisible champion in this industry. In 2023, the company saw its output value reach 1.2 billion yuan.
With the growth of the market for green daily chemical products, cleaning products, environmentally friendly textile additives and chemical fiber high-speed spinning additives, the sea salt base will focus on the polymer material industry, adopting highly automated, intelligent, and environmentally friendly low-carbon processes in project design processes for the high-end fine chemical new material project.