Projects with an Annual Output of 1,500 Tons of Copper-Based Catalysts and 300 Tons of Precious Metal Catalysts will be Launched by Yuxin Group

China Yuxin group announced on November 8 that the company plans to invest in the construction of a project with an annual output of 1,500 tons of copper-based catalysts and 300 tons of precious metal catalysts through its holding subsidiary Huizhou Boko Environmental Protection New Materials Co., Ltd.

On November 8, 2023, Yuxin held the 25th meeting of the third session of the Board of Directors, deliberated and passed the "Proposal on the annual output of 1,500 tons of copper-based catalyst and 300 tons of precious metal catalyst projects of the holding subsidiary". The holding subsidiary Huizhou Boke Environmental Protection New Materials Co., Ltd. intends to invest in the construction of 1500 tons of copper-based catalysts and 300 tons of precious metal catalysts with an annual output.

Project Overview

Project name: 1,500 tons/year copper-based catalyst and 300 tons/year precious metal catalyst project

Construction location: New Materials Industrial Park, Huizhou City, Guangdong Province

Investment estimate and funding source: The total planned investment of the project is 114.0241 million yuan, including construction investment of 101.2336 million yuan and working capital of 42.6349 million yuan. All project funding sources are self-raised by the enterprise.

Construction content and scale: The project will construct a 1,500-ton/year copper-based catalyst unit and a 300-ton/year precious metal catalyst unit, as well as supporting public works and auxiliary facilities.

Construction period: The project construction period is 12 months. Construction is planned to start in November 2023 and is expected to be completed and put into use by November 2024.

Economic benefits: After the project reaches production, it is expected to achieve an average annual sales revenue of 705.3098 million yuan and a net profit of 56.4304 million yuan. The estimated investment internal rate of return (after tax) is 48.89%, and the investment payback period (after tax, including the construction period) is 3.24 years.

Yuxin group also stated that the project uses its own R&D technology, which is advanced, mature and reliable. It has already produced high-quality catalysts in the early stage, and its performance reaches or even exceeds the international advanced level. This catalyst will be used in the company's upcoming 120,000 tons/year BDO unit and the 130,000 tons/year BDO and 190,000 tons/year DMS units currently under construction. The use of this catalyst can not only significantly improve BDO selectivity, optimize the value-added product structure, and effectively reduce the production cost of BDO, but also the catalyst has a longer service life, which can effectively reduce the cost.