It is understood that the total investment of the integrated industrial chain project of Yongying New Materials with an annual output of 800,000 tons of functional new materials is about 33 billion yuan, covering an area of ​​about 5,000 mu. The first phase of the project is expected to be completed and put into operation in December 2023.

According to the environmental impact report published on the website of the Sichuan Nanchong Economic Development Zone Management Committee, Yongrong Group plans to use natural gas as raw material and use the acetylenic aldehyde method to produce 1,4-butanediol, and extend it to the downstream industry chain to implement the “80”
10,000-ton functional new material integrated industrial chain project”. The project is planned once and implemented in phases. The first phase of construction includes natural gas to acetylene plant, formaldehyde plant, 1,4-butanediol (BDO) plant, polyadipic acid / Butylene terephthalate (PBAT) unit and polytetrahydrofuran (PTMEG) unit, as well as supporting public works and auxiliary production facilities, form 300,000 tons/year BDO, 6
The production scale of 10,000 tons/year PBAT and 60,000 tons/year PTMEG.

Project Overview

It is understood that the project is located in Hexi Chemical Park, Nanchong Economic and Technological Development Zone. The natural gas acetylene aldehyde method is used to construct a total of 600,000 tons/year of BDO, 500,000 tons/year of PBAT and 300,000 tons/year of spandex. The project will be implemented in three phases:

The production scale of the first phase is 300,000 tons/year of BDO, 60,000 tons/year of PBAT and 60,000 tons/year of PTMEG;

The production scale of 300,000 tons/year BDO in the second phase;

The third phase of the project uses the BDO produced in the first and second phases as raw materials, and extends downstream to build the remaining PBAT units, PTMEG units and spandex units.

The content of the first phase of the project

After the implementation of the first phase of the project started on the same day, it will produce 100,000 tons/year of natural gas to acetylene, 720,000 tons/year of acetylene tail gas to formaldehyde, 300,000 tons/year of 1,4-butanediol (BDO), 60,000 tons/year of acetylene. The industrial scale of annual PBAT and 60,000 tons/year PTMEG. Of the 300,000 tons/year BDO, 107,000 tons are used for PTMEG production, and the remaining 193,000 tons/year are sold. The first phase of the project is expected to be put into operation in December 2023.

The project is divided into two construction lines A and B——

Line A includes 50,000 tons/year of natural gas to acetylene, 2×240,000 tons/year of acetylene tail gas to formaldehyde, 150,000 tons/year of 1,4-butanediol plant, as well as supporting public utilities, environmental protection engineering and production command centers, Cultural center, management and control center, science and technology innovation center and other service projects;

Line B includes natural gas to acetylene 50,000 tons/year, acetylene tail gas to formaldehyde 240,000 tons/year, 1,4-butanediol unit 150,000 tons/year, PBAT unit 60,000 tons/year, PTMEG unit 60,000 tons/year years, as well as supporting public and environmental protection projects. According to project plan
The construction progress of the two lines A and B differs by about half a year.

Forever Holdings Group

Yongrong Group focuses on the production of nylon civilian yarn, nylon 6 polymer chips and other products, and has the first set of domestic industry 4.0 intelligent nylon production lines. At present, as one of the world’s largest suppliers of new civilian nylon materials, Yongrong has opened up the entire industrial chain integrating “arylene-caprolactam-polymerization-nylon fiber”, with an annual production capacity of 1.9 million tons.

Fujian Yongrong Jinjiang Co., Ltd., a subsidiary of the group, has a total production capacity of 1.4 million tons of polymerization and spinning, including 800,000 tons of polymerization and 600,000 tons of spinning. It has well-known brands such as “Jinjiang Technology”.

The 600,000-ton-per-year caprolactam project under construction in the upstream industry of the Group is one of the 100 “top priority” projects in Fujian Province, of which the first-phase project with an annual output of 300,000 tons of caprolactam has been put into operation, and the second-phase project is expected to be put into operation in 2023. The 2 million tons/year propane-to-propylene and downstream new material projects are also progressing in an orderly manner.