With an investment of 5 billion yuan, Qianxin Chemical plans to build a Hubei acetic acid industry chain base

Recently, Qianxin Chemical Group (hereinafter referred to as Qianxin Chemical) signed an agreement with the Administrative Committee of Hubei Jingmen Chemical Recycling Industrial Park to build acetic acid and downstream acetate base.

The total investment of the project is 5 billion yuan, and the annual output value of the project can be 7 billion yuan after it is completed and put into operation, helping the development of modern industrial industry in Hubei Province. It is understood that the main products of Qianxin Chemical include ethyl acetate, n-propyl acetate, n-butyl acetate, etc., with a domestic market share of more than 30% and more than 20% of the global market, of which the production capacity of acetate products is 1.5 million tons / year, and the production capacity of butyl acrylate is 180,000 tons / year.

In addition, Qianxin Chemical also signed a carbon monoxide supply agreement with Yingde Gas and a steam supply agreement with Zhongjing Thermal Energy to help Jingmen High-tech Zone in Hubei Province extend and lengthen the industrial chain and create a good industrial ecology.