6 months to set a new construction record! Xinjiang's 40000 tons of polyformaldehyde items are expected to be put into production in December, with annual revenue expected to be 0.5 billion yuan

Project Overview and Market Value

the 40000-ton polyoxymethylene project of Xinjiang Bingneng New Materials Technology Co., Ltd. is currently undergoing commissioning and is expected to be officially put into production in December. With a total investment of 0.81 billion yuan, the project is expected to have an annual revenue of 0.5 billion yuan and a profit of 0.2 billion yuan, with a return on investment of 24.7, showing strong profitability.

The biggest highlight of the project is the 6-month ultra-fast construction cycle. From February 17, 2024 to July 16, the power distribution system was successfully powered, setting a new record for the construction of domestic POM projects. Compared with the 12-18 month construction cycle of traditional projects, the project demonstrates the excellent execution efficiency of ChemChina construction for overseas investors.

At the market level, 40000 tons of annual production capacity will significantly ease the domestic supply and demand tensions, especially high-end products long-term dependence on imports. After the project is put into operation, more than 240 jobs will be created, providing important support for the improvement of the chemical industry chain in Northwest China.

Technological Innovation and Green Demonstration

application of international technology localization

the project adopts Polish ZAT POM production technology, which is famous for its stable product quality. By combining the introduction of advanced technology with China's strong construction capacity, the dual advantages of technological advancement and construction efficiency have been realized, and a successful path has been explored for localization substitution.

Breakthrough in carbon capture technology

the project undertakes the national scientific research project "CFB oxygen-enriched combustion carbon capture technology and demonstration", and the technical index reaches the international advanced level: boiler efficiency ≥ 95%,NOx original emission ≤ 50mg/Nm & sup3;,CO₂ concentration ≥ 88%. This innovation sets a new benchmark for clean production of coal chemical industry and provides important technical support for the low-carbon transformation of the global energy industry.

engineering construction standard

china Chemical Engineering Sixth Construction Co., Ltd. completed the pipeline welding 490000 DIN within 110 days, of which DIN was 250000 for pipelines within DN100, and the qualified rate of one-time welding of pipelines reached 98%, exceeding the industry standard of 96%. At the same time to achieve 1.5 million safety man-hours without accident records, fully demonstrated the Chinese enterprises in the POM project on the whole chain construction capacity.

Development Planning and Prospects

the project adopts the three-phase construction model to reflect the steady development strategy. The first phase of the 40000-ton project is expected to be put into production in October. After the products are qualified, the second phase of the 100000-ton project will be launched, with a cumulative scale of 140000 tons, further consolidating the market position.

Judging from the key time node, the construction progress of the project reached 80% on March 17, the public works started on May 30, and the power distribution system was successfully powered on July 16, demonstrating the orderly progress of the project management capability.

Industry Significance and Conclusions

the project successfully combines international advanced technology and local construction advantages, and sets a new benchmark for China's chemical industry in terms of construction efficiency, technological innovation, and environmental protection standards. In particular, the successful application of carbon capture technology provides a replicable practice model for the green transformation of the industry.

For overseas chemical practitioners, the project demonstrates the comprehensive strength of China's chemical industry in terms of technology introduction and digestion, engineering construction efficiency, and environmental protection technology innovation. With the commissioning of the project and the subsequent expansion, it will have an important impact on the global POM market pattern, and its technical achievements and construction experience are worthy of continuous attention of the industry.