Wanhua Chemical (Fujian) held the groundbreaking ceremony for the installation of large-scale equipment for the MDI integration project

On the morning of August 21, Wanhua Chemical (Fujian) held the groundbreaking ceremony for the installation of large-scale equipment for the MDI integration project. The first phase of the MDI project will be completed in September next year, and qualified MDI products will be produced by the end of 2022.

Since the signing of the investment agreement on March 2, 2020, after the preliminary land leveling and dynamic compaction, the piling started on December 12, 2020, and the lifting of large equipment today, the MDI integration project only took one and a half years.

The official expressed the hope that Wanhua can continue to make good use of its own technological advantages and make greater contributions to the extension and development of the new chemical material industry chain. Jiangyin Management Committee will also be determined, go all out, and ensure the elements in all aspects, as always Improve various supporting facilities.

In addition to MDI, Wanhua's Fujian base also has an orderly layout of other products.

(1) Wanhua Fujian’s 800,000-ton/year PVC project has been publicized for the second time with a total investment of 4.632 billion yuan. The construction period is 6 years. The first and second phases will build 400,000-ton/year VCM and PVC installations and supporting facilities. Facilities. The main purpose of this project is to digest the by-product hydrogen chloride in the MDI/TDI production process and improve the comprehensive utilization of resources.

(2) The environmental assessment of Wanhua Fujian's 250,000-ton TDI project has been publicized for the second time, with a total investment of 1.927 billion yuan and a construction period of 2 years. It is expected to be put into operation in the first half of 2023. After the completion of the project, Wanhua Chemical’s TDI production capacity will further expand, with obvious scale advantages.

The western area of Wanhua Fujian Industrial Park will rely on the Jiangyin New Chemical Materials Special Zone, make use of good world-class ports and supporting industrial chain clusters, and will form 1.6 million tons of MDI, 250,000 tons of TDI, 800,000 tons of PVC, 100 The production capacity of 10,000 tons of caustic soda radiates the markets of South China and Southeast Asia. Wanhua Fujian base will also become the company's third largest production base after Yantai and Ningbo. If all of Wanhua's planned or under-construction MDI production capacity is put into production, Wanhua's total global MDI production capacity will reach 4.85 million tons, and the global market share is expected to rise from the current 27% to more than 35%, and its leading position in the industry will be further consolidated.

In addition, Wanhua Chemical has strategically cooperated with the National Energy Group to jointly build a comprehensive energy application demonstration base in Fujian.

On August 20th, Wanhua Chemical and National Energy Group reached a strategic cooperation agreement in Fujian, which included: National Energy Group (Fujian) and Wanhua Chemical (Fujian) New Materials signed the "Equity Transfer Agreement"; Wanhua Chemical (Fujian) ) New Materials and Tianjin Furun New Energy signed the "Equity Transfer Agreement"; Wanhua Chemical (Fujian) New Materials and Guoneng (Fuzhou) Thermal Power signed the "Strategic Cooperation Agreement."

The two parties will make use of their respective advantages to jointly build a comprehensive energy application demonstration base, build a regional cogeneration energy station, promote the cascade utilization of energy, and achieve the goal of high-efficiency emission reduction and environmental protection. It is expected that by the end of 2025, the two parties will form a full range of cooperation in various public utilities such as steam, new photovoltaic energy, electricity market-oriented transactions, terminal services, etc., and build Guoneng Fuzhou into an energy supply center that surpasses the Jurong Island project in Singapore. . This strategic cooperation will help Wanhua Fujian Industrial Park to become a benchmark and model for a "park-oriented, integrated, large-scale, high-end, refined, and internationalized" chemical park.