450 Million Investment! Oxiranchem Hainan Ethylene Oxide, Water Reducing Agent, Alcohol Ether and Surfactant Project Started Trial Production

On December 6, Oxiranchem announced that the Hainan factory it invested and constructed has completed equipment installation and commissioning, started operation smoothly and entered the trial production stage. The current trial production results of the project are good.

On December 14, 2020, Oxiranchem announced that the company signed an "Investment Agreement" with the Hainan Yangpu Economic Development Zone Management Committee, agreeing that the company plans to invest in the construction of an ethylene oxide downstream derivatives project in Hainan Yangpu. The first phase of the project invested 450 million yuan to build ethylene oxide-derived fine chemical new material products and 150,000 tons/year polyether high-performance water-reducing agent monomer, 100,000 tons/year alcohol ether, and 100,000 tons/year Anionic surfactants, etc.

After completion and normal operation, the five-year cumulative operating income will be approximately 5 billion yuan, and the total five-year tax payment will be approximately 200 million yuan. The second phase of the project is expected to invest 1.2 billion yuan in the construction of natural fatty alcohols, ethylene carbonate and special fine chemical products (the investment in the second phase of the project will be based on the follow-up situation and the two parties will sign a separate investment agreement). After completion and normal operation, the five-year cumulative operating income will be approximately 10 billion yuan, and the total five-year tax payment will be approximately 750 million yuan.

Regarding the Hainan factory entering the trial production stage, Oxiranchem said that after the Hainan project is officially put into production, it will make full use of the advantages of Hainan Yangpu Economic Development Zone, actively develop the ASEAN market, and go out to develop the international market along the Maritime Silk Road.

It is worth mentioning that before Oxiranchem announced the above-mentioned investment, it had already completed the strategic layout of the million-ton ethylene oxide deep processing industry in Northeast China, East China, South China, Central China and Southwest China.