Domestic News
5 2022 list of major industrial projects in Zhejiang Province announced
Recently, the Zhejiang Provincial Development and Reform Commission and the Provincial Department of Natural Resources issued the "2022 Zhejiang Province Major Industrial Project List", which arranged a total of 129 major industrial projects in the province (107 implementation projects and 22 pre-selected projects). Among them, the construction of a new project of Weiku Optoelectronics with an annual output of 800,000 pieces of flexible stepless variable light liquid crystal film, the project of Zhanxin's 138,000 tons of high-performance industrial resin, the project of Dushan New Materials with an annual output of 300,000 tons of polypropylene and 250,000 tons of hydrogen peroxide (20,000 tons of electronic hydrogen peroxide) projects, including three projects, successfully included in the list of demonstration major industrial projects implementation, and can receive a 40% land use reward. In addition, Zhejiang Satellite Energy Co., Ltd. produces 40,000 tons of hydrogen /900,000 tons of propylene /800,000 tons of polycarbon alcohol/800,000 tons of neopentyl glycol chemical new materials and hydrogen energy utilization integration project successfully included in the pre-selected list of particularly major industrial projects.
Liquefied Air Tianjin New Air Deposit Project Trial Drive
Recently, Air Liquefied announced that the new air deposit device of Tianjin Binhai Factory in China was successfully tested, achieving the supply of oxygen and nitrogen to its main customer Rongcheng Steel Group. The total investment of the project is about 60 million euros, and the daily oxygen production of the first phase of the device reaches 1,600 tons, which will help air liquefied further support the green and low-carbon development of the chemical and steel industries in Tianjin. It is understood that the new air separation of Air Liquefied Tianjin Binhai Factory will be connected to the Haitongda Pipeline Network and interconnected with the other five sets of air separation to serve customers with higher reliability and flexibility, help customers shut down old small air separation, improve overall energy utilization efficiency, reduce carbon emissions, and further support the green and low-carbon development of the chemical and steel industry in Tianjin.
Ganfeng Lithium Industry and Fulin Precision Investment and Construction of lithium dihydrogen phosphate project
Recently, Ganfeng Lithium Industry and Fulin Precision disclosed a "marriage" announcement, and the two parties will jointly invest in the establishment of a joint venture to build a new 200,000 tons/year lithium dihydrogen phosphate integrated project. The project is implemented in phases, with the production capacity of lithium dihydrogen phosphate in the first phase of the year 30,000 tons/year. According to the announcement, the registered capital of the target company is 100 million yuan, and Ganfeng Lithium plans to invest 40 million yuan to hold 40% of the target company's equity; Fulin Precision plans to invest 60 million yuan to hold 60% of the target company's equity. Fulin Seiko guarantees that the company or its designated party should purchase all lithium dihydrogen phosphate products produced by the target company. Ganfeng Lithium Industry guarantees to supply the target company with sufficient qualified lithium sulfate on time to meet the production of the target company.
Sinochem Blue Sky Electrolyte "Green Zero Emissions" smart factory started
Recently, the Sinochem Blue Sky HTML Lithium Ion Battery electrolyte "Green Zero Emissions" smart factory started construction. The project is located in Chengnan Industrial Park, Heping Town, Changxing County, Zhejiang Province. The total investment is 900 million yuan and covers an area of 104 mu. It is close to the first phase of electrolyte project. It is expected to be completed by mechanically in December 2023. According to the plan, the project implements the " green electricity " technology to supply the production system with green clean energy. The project develops zero- sewage treatment process , and the industrial wastewater recovery rate can reach 100%, achieving zero sewage discharge. In terms of digital and intelligent , Sinochem Blue Sky will build a new fully automatic tank cleaning, filling, storage and transportation system based on the first phase of the project automation production line, and use the central integrated control system to achieve deep integration of production automation and logistics information in the entire factory, so as to achieve full process, efficient, traceable and refined management from the raw and auxiliary materials end to the product delivery end. At the same time, innovative technologies have been introduced, online analysis systems and process batch management systems have been introduced, and production process technology, quality, equipment, logistics, personnel and other data are integrated through the information system, improving production efficiency by up to 33%.
International News
LANXESS sets carbon emission range 3 target
Recently, LANXESS announced that the company has set a scope 3 emission target, that is, a carbon emission target covering the upstream and downstream of the industry and enterprise business activities. LANXESS plans to achieve carbon neutrality in its upstream and downstream supply chains by 2050, marking a new step in climate protection. According to reports, the LANXESS Scope 3 emission target mainly includes indirect emissions, especially emissions from purchased raw materials, as well as emissions from logistics and final products. By 2030, the company's scope 3 emissions will be reduced by 40% from the base year 2015, from 27 million tons of carbon dioxide equivalent to 16.5 million tons of carbon dioxide equivalent. For direct emissions in production (range 1) and emissions from purchased energy (range 2), LANXESS set a goal of achieving climate neutrality by 2040 three years ago. LANXESS said that the climate target is consistent with the Paris Climate Agreement and has been recognized by the Science Carbon Target Initiative (SBTi). The Organization for Climate Protection, the United Nations Global Compact, the World Resources Institute and the World Fund for Nature have confirmed LANXESS emission reduction targets.
Air Liquid announced its withdrawal from the Russian market
Recently, French Air Liquid Group issued an announcement stating that it plans to withdraw from the Russian market. The company said it will withdraw from Russia in a responsible and orderly manner, and has signed a memorandum of understanding with the local management team, aiming to transfer its activities in Russia under the framework of MBO ( management acquisition of ). The plan obviously needs approval from Russian regulators. Meanwhile, from September 1, 2022, the company's business in Russia will no longer be included in the group's performance. According to the announcement, Air Liquefied has nearly 720 employees in Russia, with its turnover in the country less than 1% of the group's total turnover. As a reminder, the group had previously announced that it would provide 404 million euros for the group's assets in Russia if it closed its account on June 30, 2022, which would have no impact on cash.
Yabao announced a series of business adjustment plans
Recently,Yabao decided to establish an independent wholly-owned subsidiary for the catalyst business. The company will adjust the structure of its global business divisions in bromine and lithium and establish Yabo Specialty Chemicals and Energy Storage Division. Yabao announced the new strategic positioning of the catalyst business department in September 2021, focusing on India and Southeast Asia, focusing on the development of crude oil cracking chemical market, biodiesel hydrogenation and biofuel preparation and biofuel preparation based on cracking technology. Yabao also announced a strategic evaluation of the catalyst business to determine the best way to support its growth strategy. It was finalized that Yabo held the business as a separate entity. At present, Yabao is transferring its catalyst business to a new structure and is expected to be completed within about 18 months.
Yabao's newly established specialty chemicals department will include the current bromine business and the lithium specialty chemicals business in the current lithium business. The remaining lithium business departments will be handed over to the energy storage department, covering the current lithium business of lithium hydroxide , carbonate , battery-grade lithium metal and advanced energy storage businesses. The organizational change is expected to take effect on January 1, 2023. At that time, Yabao will conduct financial reports in accordance with energy storage, special chemicals and catalyst businesses.
Fire at a chemical plant in Texas
On September 3, a fire broke out at a chemical plant in ExxonMobil in Beaumont, Texas. Sources said the neighboring refinery was operating normally, but the chemical plant was using some of the refinery’s safety torch system. It is understood that refineries and chemical plants usually use their safe torch systems when they cannot handle hydrocarbon normally.
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