Zibo Qixiang Tengda Chemical announced that it plans to invest 3.8 billion yuan to build 200,000 tons/year of methyl methacrylate and supporting projects, and invest 3.1 billion yuan to build a 450,000 tons/year propane dehydrogenation project.
Qixiang Tengda Chemical believes that as the country continues to promote oil product upgrades, higher standards for oxygen content in oil products, and the full implementation of ethanol gasoline in the country in 2020, MTBE will gradually withdraw from the market as an oil additive. Change, the company decided to invest in the construction of 200,000 tons / year methyl methacrylate and supporting projects, the project is planned to use the isobutylene / tert-butanol direct oxidation process to convert the company's MTBE capacity to methyl methacrylate. The project will be Supporting construction of 400,000 tons / year of tert-butanol and 100,000 tons / year of polymethyl methacrylate resin (PMMA). The investment amount is expected to reach 3.8 billion yuan.
In addition, downstream products with high profitability and market prospects are also the focus of investment. Qixiang Tengda Chemical will invest 450,000 tons/year of propane dehydrogenation project using US UOP technology. The investment amount is expected to reach 3.1 billion yuan.
In the past few days, Qixiang Tengda released the third quarterly report of 2018. In the first three quarters, it achieved operating income of 15.615 billion yuan, up 22.17% year-on-year; net profit attributable to shareholders of listed companies was 697 million yuan, up 21.68% year-on-year, and its performance has been steadily increasing. .
In order to deepen the carbon four industry chain, Qixiang Tengda announced on the 19th that it purchased the shares of Chen Xinjian, Fujia Investment and Heze Huali New Materials Co., Ltd. held by Luhe Investment. The transaction price was initially set at 618 million. Yuan. This move has also greatly helped Qixiang Tengda to improve its own industrial chain and improve its position in the industry.
It is understood that Qixiang Tengda has a methyl ethyl ketone production capacity of 180,000 tons / year, maleic anhydride production capacity of 200,000 tons / year, MTBE production capacity of 350,000 tons / year, isooctane production capacity of 200,000 tons / year, isobutylene production capacity of 20,000 tons / year, The production capacity of tert-butyl alcohol is 65,000 tons/year, the capacity of propylene is 100,000 tons/year, the capacity of butadiene is 150,000 tons/year, the capacity of synthetic rubber is 50,000 tons/year, and the output of methyl ethyl ketone and maleic anhydride ranks the world. One, in which methyl ethyl ketone accounts for more than 46% of the domestic market, has formed a relatively complete coverage of the carbon four related chemical industry chain.