Jan 16, 2022 07:59 PM (GMT+8) · EqualOcean
Financial Associated Press, January 16 (Xinhua) China Chemical announced that Wuhuan company, a wholly-owned subsidiary of the company, jointly established a project company with strategic investors and employee follow-up investment platform. The project company is responsible for investing in the first phase of "China Chemical Yichang new material innovation industrial park project". According to preliminary estimation, the project capital required for phase I project is expected to be about 3.8 billion yuan. The project mainly includes high-end phosphorus based materials, new fluorine materials, high-end bio based new materials and high-end chemicals, new material innovation base and park infrastructure. Tianchen company, a wholly-owned subsidiary of the company, invested about 600 million yuan to jointly establish the project company with strategic investors and employee follow-up investment platform. The project company is responsible for investing in the phase I project of Fujian Quangang 600000 T / a propylene oxide project. After preliminary estimation, the investment of the phase I project is expected to be about 3.7 billion yuan. The project mainly includes 300000 t / a hydrogen peroxide propylene oxide unit and supporting 2 × 450000 T / a hydrogen peroxide plant, etc.

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