On September 6, 2018 China Nanjing Jinqiu Economic and Trade Fair was opened. At the signing ceremony of the major projects of the conference, the green key environmental protection industrial base project with a total investment of 10 billion yuan was settled in Nanjing Jiangbei New District New Material Technology Industrial Park.
The project's investor, Gimpo Holding Group, plans to build a green environmentally friendly industrial base for key polyurethane raw materials with propane dehydrogenation as the leading source in the Nanjing New Materials Science and Technology Park. It adopts environmentally-friendly production processes encouraged by the state, and introduces advanced foreign technology to build 300,000 tons/new Annual direct oxidation process for propylene oxide (HPPO), 900,000 tons/year propane dehydrogenation (PDH), 300,000 tons/year hydrogen peroxide (HP) three sets of equipment and supporting facilities. The project is encouraged by the National Industrial Structure Adjustment Guidance Catalogue. Projects, the total investment of the project is 10 billion yuan, the annual sales income is 17 billion yuan, and the annual average profit and tax is about 1.8 billion yuan.