On March 13, Sanwei Holding Group Co.Ltd(603033) subsidiary Inner Mongolia 3D new materials Co., Ltd. (hereinafter referred to as Inner Mongolia 3D) BDO integration project (phase I) held a commencement ceremony in the low carbon industrial park of Wuhai economic and Technological Development Zone, Inner Mongolia Autonomous Region.
Sanwei Holding Group Co.Ltd(603033) founded in 1990, the company firmly bases itself on the real economy, anchors the new opportunities brought by China’s intelligent manufacturing, and steadily promotes the diversified business layout. At present, its business covers Petrochemical rubber, rail transit, fine chemicals and thermal power. It has become a leading enterprise in the field of conveyor belt, rubber V-belt and specialized rail transit pre products in China.
It is reported that Wuhai City, where the BDO integration project is located, is located in the west of Inner Mongolia Autonomous Region. It is a city growing between the Yellow River and the desert. It has rich coal resources. The proved coal reserves exceed 3 billion tons, accounting for about 60% of the proved reserves of coking coal in Inner Mongolia. In recent years, Wuhai has accelerated the cultivation and development of strategic emerging industries while accelerating the transformation and upgrading of traditional industries. A number of new energy, new equipment and new material projects have settled in Wuhai, injecting strong momentum into Wuhai’s construction of new energy and new material industrial base.
According to the announcement, Sanwei Holding Group Co.Ltd(603033) plans to build a 900000 T / a BDO and degradable plastic integration project in Wuhai, with an estimated total investment of 13 billion yuan. The BDO integration project of the company produces BDO through the coal calcium carbide acetylene 1,4-butanediol industrial chain, and further develops downstream to produce degradable plastic PBAT and high-end polyether material PTMEG This commencement project is phase I, with 300000 t / a BDO, 100000 t / a PBAT, Shanghai Pudong Development Bank Co.Ltd(600000) T / a PTMEG, Shanghai Pudong Development Bank Co.Ltd(600000) T / a formaldehyde unit and 360000 T / a acetylene raw material (calcium carbide) combined unit planned to be put into operation before June 2023.
It is understood that at present, the production mode of BDO is mainly the alkyne aldehyde method of preparing acetylene from calcium carbide, but only a few enterprises have their own calcium carbide. At present, the backward capacity of calcium carbide industry is being further reduced. This BDO integration project will enable the company to provide its own calcium carbide production capacity and give play to its advantages in raw material guarantee and cost control for the production of BDO and PBAT.
Petrochina Company Limited(601857) and Deng Huichang, Deputy Secretary General of the chemical new materials professional committee of the Federation of chemical industries and director of the office of the national BDO and derivatives Work Department, said that according to the 14th five year plan and the long-term goal outline of 2035, biodegradable materials and new energy vehicles in the two downstream areas of BDO are listed as national strategic emerging industries. Supported by downstream demand, BDO tight balance will continue, and BDO prices are expected to remain high in 2022.
Some industry analysts believe that there are three high boom emerging tracks of degradable plastics, spandex and lithium battery materials in the downstream of BDO. The upstream calcium carbide belongs to a high energy consuming traditional industry that continues to strictly control the increment and eliminate the stock. The growth curve of the upstream and downstream industries is seriously misplaced. Therefore, the prosperity of calcium carbide BDO industrial chain is supported by high demand growth and strong supply constraints. The sharp rise of calcium carbide BDO industrial chain this year is the prelude to the prosperity of the five-year cycle, and the industry prosperity in the next five years will far exceed the current expectations of the market. Xiaoxing group, the world’s leading spandex enterprise, has built a 360000 ton spandex production base in Ningxia. At present, phase I has been put into operation. In this event, it signed a framework strategic cooperation agreement with Inner Mongolia 3D, agreeing to give priority to purchasing 3D BDO products under the same conditions. Although the agreement is not binding, it also shows the desire of downstream enterprises for upstream capacity.
Sanwei Holding Group Co.Ltd(603033) relevant person in charge said that the construction of the company’s BDO integration project is in line with the national industrial development policy of vigorously developing new technologies, new materials, adjusting structure and maintaining growth, further optimizing the chemical industry chain of the enterprise, improving product added value and promoting the economic development of the enterprise and the local economy. The project has high technical content and high added value of products, so it can seize the market opportunity. The company vigorously develops and constructs projects such as BDO, PBAT, PTMEG, GBL and NMP, which can not only provide the required products to the market, but also lay a good foundation for Sanwei Holding Group Co.Ltd(603033) carrying out product structure adjustment and developing high-value fine chemical products.
Sanwei Holding Group Co.Ltd(603033) said that the company adheres to the strategic orientation of diversified layout, industrial coordination and green development, and has formed a collectivized development pattern. In the future, Sanwei Holding Group Co.Ltd(603033) with the goal of building a century old group aircraft carrier enterprise, will better assume responsibility for the society and create value for shareholders.
