Zhejiang Sanmei Chemical Plans to Invest in Projects Such as Epoxy Chloropropane
2024-9-23
Zhejiang Sanmei Chemical Co., Ltd. (603379) disclosed its external investment on September 20, 2024. Zhejiang Sanmei Chemical Co., Ltd. plans to invest in the construction projects of 90,000 tons/year of Epichlorohydrin (ECH), 10,000 tons/year of Tetrafluoropropene (HFO-1234yf), and 20,000 tons/year of Polyvinylidene Fluoride (PVDF). The total investment is expected to be 1.57 billion yuan, aiming to improve the company¡äs fluorine industry layout, enrich product structure, and comply with the company¡äs strategic development plan.
The project will be developed in three phases. In the first phase, 50,000 tons/year ECH and 30000 tons/year LNG gas stations will be built. In the second phase, 10,000 tons/year HFO-1234yf and 20,000 tons/year PVDF will be built. In the third phase, 40,000 tons/year ECH and 100,000 tons/year refined glycerol will be developed. The project adopts glycerol method to prepare ECH, using glycerol instead of propylene to produce ECH, which meets the requirements of environmental protection and sustainable development.
HFO-1234yf, as the fourth-generation refrigerant, has broad application prospects. With robust downstream demand for PVDF, this project is conducive to leveraging economies of scale, reducing production costs, and improving product competitiveness.
As the project faces risks such as approval, funding, implementation, production, market, and environmental protection, the company needs to handle procedures such as energy assessment, safety assessment, and environmental impact assessment in accordance with regulations. The implementation of the project will optimize the company¡äs business and product structure, enhance market competitiveness, and promote high-quality sustainable development. Investors need to be aware of investment risks.
The project will be developed in three phases. In the first phase, 50,000 tons/year ECH and 30000 tons/year LNG gas stations will be built. In the second phase, 10,000 tons/year HFO-1234yf and 20,000 tons/year PVDF will be built. In the third phase, 40,000 tons/year ECH and 100,000 tons/year refined glycerol will be developed. The project adopts glycerol method to prepare ECH, using glycerol instead of propylene to produce ECH, which meets the requirements of environmental protection and sustainable development.
HFO-1234yf, as the fourth-generation refrigerant, has broad application prospects. With robust downstream demand for PVDF, this project is conducive to leveraging economies of scale, reducing production costs, and improving product competitiveness.
As the project faces risks such as approval, funding, implementation, production, market, and environmental protection, the company needs to handle procedures such as energy assessment, safety assessment, and environmental impact assessment in accordance with regulations. The implementation of the project will optimize the company¡äs business and product structure, enhance market competitiveness, and promote high-quality sustainable development. Investors need to be aware of investment risks.