On the morning of September 8th, Changhua Chemical Technology Co., Ltd. (hereinafter referred to as "Changhua Chemical") held a signing ceremony for the investment agreement of the Carbon Dioxide Polyether and High-Performance Polyol Project in Xuwei New Area. This event marks the official commencement of the first domestic project employing low-temperature, low-pressure methods to produce carbon dioxide polyether. The ceremony was attended by Ren Dong, member of the Municipal Party Committee, Executive Deputy Mayor of the Municipal Government, and Deputy Secretary of the Party Group; Shi Haibo, Secretary of the Party Working Committee of Xuwei New Area; Zhao Houfeng, Deputy Secretary of the Party Working Committee and Director of the Management Committee; Lu Zhongbao and Xu Xiaosu, Deputy Directors of the Management Committee; and Gu Renfa, Chairman of Jiangsu Changshun Group Co., Ltd.
The Carbon Dioxide Polyether and High-Performance Polyol Project by Changhua Chemical involves a total investment of approximately CNY 6 billion and covers an area of about 720 acres. The project will be executed in three phases: Phase one will establish a dedicated laboratory for carbon dioxide polyether polyols and a green, low-carbon new materials pilot base. Phase two will focus on constructing facilities for an annual production capacity of 980,000 tons of carbon dioxide polyether polyols and 360,000 tons of high-performance polyols. Phase three will see the development of an industrialization project for green, low-carbon new materials. Expert assessments indicate that the project's primary raw materials can be sourced internally from the new area's petrochemical industrial base, showcasing a strong connection to the industrial chain. It serves as an extension and complement to the petrochemical industrial base's value chain. Once operational, the project is expected to consume approximately 300,000 tons of carbon dioxide annually, not only contributing to carbon reduction but also providing valuable applications for carbon dioxide polyether, actively supporting carbon peak and carbon neutrality objectives.
Established in 2010, Changhua Chemical Technology Co., Ltd. is guided by the corporate mission of "enabling humanity to enjoy a healthy and comfortable life." The company specializes in the research, production, and sale of polyether series products. Successfully listed on the Shenzhen Stock Exchange on August 3, 2023, the company currently boasts a production capacity of 260,000 tons with an additional 180,000 tons under construction. Changhua Chemical's development revolves around the core themes of "innovative technology" and "green chemistry." The company actively aligns with the national development strategy of "carbon peak and carbon neutrality" and is dedicated to developing and constructing a green industrial chain with carbon dioxide as its focal point.
In the upcoming phases, Xuwei New Area will continue to strengthen and diversify its value chain, accelerating the establishment of a strategically significant emerging industry cluster with global influence and competitiveness. This effort will involve collaboration in raw material diversification, material upgrading, and smart operations. Furthermore, Xuwei New Area will advance technological innovation and application development in fields such as new energy, new materials, and electronic chemicals. The aim is to set a precedent, lead by example, and be at the forefront of high-quality development.
Source: Changhua Chemical
