With a total investment of 13.2 billion yuan, two new material installations in Shaanxi Yuneng, China started

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Recently, China's Shaanxi Yuneng Energy New Material Epoxy Resin Integration Project (Phase I) has made important progress. Two sets of core devices, 100000 tons/year POE and 250000 tons/year epoxy resin, have been started simultaneously and constructed in a consortium mode.

1、 Project Overview

recently, China's Shaanxi Yuneng Energy New Material Epoxy Resin Integration Project (Phase I) has made important progress. Two sets of core devices, 100000 tons/year POE and 250000 tons/year epoxy resin, have been started simultaneously and constructed in a consortium mode. With a total investment of 13.2 billion yuan, the project is the world's first coal-based methanol-to-epoxy resin industry chain project. It has now entered the actual construction stage of the main unit from field leveling and pile foundation construction.
The project is located in China Shenmu High-tech Industrial Development Zone, covering an area of about 1588 mu. It is included in the "four batches" of Shaanxi Province and the "4 8 N" key projects of Yulin City, helping Yuneng Group to lay out three hundred billion-level industries Cluster. The project uses coal-based methanol as raw material to build a complete industrial chain of "coal-methanol-basic chemical raw materials-high-end epoxy resin new materials" to promote the upgrading of China's coal chemical industry to the direction of high added value. The supporting equipment includes 800000 tons/year methanol-to-propylene (DMTP), 125000 tons/year chloropropene, 150000 tons/year epichlorohydrin, 200000 tons/year hydrogen peroxide, 300000 tons/year cumene, 350000 tons/year phenol acetone, 240000 tons/year bisphenol A, 250000 tons/year epoxy resin, 100000 tons/year POE polyolefin elastomer and 50000 tons/year EPDM rubber.
After the completion of the project, it can produce 250000 tons of epoxy resin, 100000 tons of POE and 50000 tons of EPDM, with an average annual sales revenue of nearly 10 billion yuan, providing thousands of jobs and supplying high value-added fields such as electronics, wind power, photovoltaic, aerospace and medical treatment. The project relies on the existing methanol, chlor-alkali and orchid carbon resources in China Shenmu Park to share public works, reduce the overall investment cost and speed up the construction progress; for overseas chemical traders, a perfect raw material self-sufficiency system can enhance the long-term supply stability.

2、 Interpretation of Construction Plan, Technical Characteristics, and Supply Chain Risks

the 100000-ton/year POE plant was constructed by Shanghai Hetu Engineering Co., Ltd. and Liuhua Construction Consortium, which is a large-scale coal-based route POE industrialization project in China. POE is the core raw material of photovoltaic packaging film, at the same time applied to automotive modification, cable elastomer track, high technical threshold, previously long-term dependence on imports, the project landing to help complement China's photovoltaic materials industry chain short board. The 250000-ton/year epoxy resin plant is built by the three-party consortium of Shanghai Huayi Project, Zhejiang Tianzheng Design and Liuhua Construction. The products are aimed at the wind turbine blade, electronic packaging and high-end coating markets. Relying on its own matching production capacity of bisphenol A and epichlorohydrin, it is the first full-chain epoxy resin project for coal chemical industry in China to fill the supply gap of high-end epoxy resin in northwest China after it is put into production.
Project DMTP and H-POE are the world's first innovative processes, and the estimated production cost is about 20% lower than the traditional route. POE unit energy consumption is only 50% of the industry average, and EPDM energy consumption is about 40% of the industry average. Epichlorohydrin adopts the new process of direct oxidation of hydrogen peroxide by Dalian Chemical Institute, which is the first industrial landing and improves the environmental pressure of the traditional chlorohydrin method.
At this stage, only two sets of downstream core devices are started, and long-cycle equipment procurement and synchronous construction of upstream supporting devices are the core to ensure scheduled production. The project integrates a number of new processes, there is uncertainty in the trial production stage, there is a risk of delay in production. For overseas manufacturers, traders, supply chain practitioners, the project belongs to the photovoltaic new material track long-term capacity increment, short-term no commodity outflow, suitable for long-term tracking.

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