On November 3, Daqing High-tech Zone and Jilin Chemical Industry Co., Ltd. signed a cooperation agreement for 700,000 tons of polycarbonate and downstream automotive chemical industry park project.
According to the agreement, the total planned investment of the project is 17 billion yuan. It is planned to be located in Linyuan Park. After the project is put into production, the annual sales income will be 37 billion yuan. The project will be implemented in two phases. The first phase plans to invest 8.7 billion yuan. It can realize sales income of 16.3 billion yuan. The first phase will focus on the construction of 240,000 tons/year of polycarbonate, 70,000 tons of PC/ABS alloy production equipment, simultaneous construction of ethylene oxide/ethylene glycol, phenol/acetone, diphenyl carbonate. Ester, dimethyl carbonate, bisphenol A and other supporting equipment, is scheduled to start construction in April next year, and put into operation in July 2021. The second phase of the project and the downstream automotive chemical industry park project will start at the appropriate schedule.
It is understood that Jihua Group Xingyun Chemical is a group company mainly engaged in R&D, production and sales of three chemical, automotive chemicals, tires, etc. There are three series of hundreds of products.