Sheng Hong 15.6 billion Chemical New Materials Project in sight: The first EnBA/EMAA production line in China will be put into production in August 2026.

Major projects in Jiangsu Province-- shenghong Chemical New Materials Project (with a total investment of about 15.6 billion yuan) is ushering in a key closing point. As the finale of the overall project group, the construction of the high-end new copolymerization material device started in August 2024 is now coming to an end, and the core equipment has begun trial operation. It is expected to be officially put into production in August 2026.. Prior to this, the project has been the first to land a number of devices: 3 sets of 200000 tons/year photovoltaic grade EVA device, 100000 tons/year POE device, 100000 tons/year carbon five and carbon nine separation device all have been successfully put into production, laying the foundation for the release of the overall production capacity system.

1. core product analysis: EnBA and EMAA fill the gap in domestic mass production, ultra-high voltage cable material "stuck neck" problem is expected to break the game.

This is the first domestic EnBA and EMAA dual product line industrialization production line the technical route of combining independent equipment with foreign equipment can be achieved after completion. EVA 30000 tons, EnBA 10000 tons, EMAA 10000 tons and other high-end new material products.

Why are these two materials so critical? EnBA (butyl acrylate-ethylene copolymer) and EMAA (ethylene-methacrylic acid copolymer), as high-performance copolymers, have suitable semiconductivity, can effectively control the electric field around the metal conductor and prevent the cable from failing due to electromagnetic effects. At the same time, it has the ability to adapt to harsh environments such as high temperature, humidity and sunlight, and its good material compatibility can be widely used in cable structures of various metal conductors and insulating materials.

Its engineering value is particularly intuitive: after using EnBA/EMAA shielding material, the insulation layer of ultra-high voltage cables can be thinned, but the amount of power transmission remains the same-The shielding material can distribute the voltage more evenly, so that the insulation layer design is more accurate and efficient. Whether submarine cables or urban underground passage cables, the thickness of the insulation layer can be customized according to the application scenario, which has irreplaceable material value in the direction of cable lightweight and high performance.

The significance of import substitution is very prominent. High-voltage cable insulation materials in the field of long-term existence of "stuck neck" phenomenon, ultra-high voltage shielding materials previously almost all rely on. Nordic Chemical, Dow Chemical such as overseas enterprises supply, the domestic has no large-scale production capacity. Shenghong this project landing, is a substantial step in the domestic substitution, will provide domestic ultra-high voltage cable manufacturers with local reliable supply, supply chain safety margin greatly improved.

After the completion of the project, ethylene and acrylic acid ester copolymer as the core, the development of ultra-high voltage cable materials, pharmaceutical vaccine packaging and other application directions, and continue to extend the development of more varieties. EnBA and EMAA products also support electronic Information, Automotive Manufacturing, Aerospace and other key areas of material upgrading, the market application space is broad.

2. market impact study: August 2026 is the key node, channel layout should be ahead of action

the supply landscape switch will occur during the year. After the first batch of domestic mass-produced EnBA and EMAA products enter the market, the procurement channel of ultra-high voltage cable shielding materials will shift from a single import to the "imported domestic" parallel pattern. For overseas traders who have long relied on suppliers such as Nordic Chemical and Dow Chemical, this means that the competitive pressure on exports to China will actually rise, especially after the completion of product certification and stable customer import, the substitution effect of domestic sources will quickly appear.

Core recommendations for overseas practitioners: focus on tracking two signals-one is august 2026 installation of formal commissioning node, which is the primary indicator of when domestic production capacity enters the market; downstream Certification Progress of Shenghong EnBA/EMAA Products and Rhythm of Head Cable Customer Import, the speed of certification will determine the actual landing rate of import substitution. It is suggested that the relevant importers should evaluate the export contract structure to China in advance, grasp the initial channel layout window of domestic substitution, and adjust the supply chain strategy as soon as possible.