Hualu Hengsheng's 200kt/year BDO, 160kt/year NMP and 30kt/year of PBAT project starts construction
On the morning of September 14, 2023, Jiangling County, Jingzhou City, Hubei Province, held a ceremony for the start of major projects in the third quarter of 2023.
This time, 23 projects were started, with a total investment of 7.578 billion yuan, including 9 projects with a total investment of more than 100 million yuan, with a total investment of 7.249 billion yuan, including the second phase of Hualu Hengsheng project with an investment of 5 billion yuan.
Hualu Hengsheng Phase II project mainly produces 200kt/year of BDO, 160kt/year of NMP and 30kt/year of PBAT biodegradable materials. It is located in Jiangling Economic Development Zone Coal Power Port Industrial Park and on the north side of Hualu Hengsheng Phase I plant under construction. The project is scheduled to be put into production in October 2024, with an estimated annual output value of 5.4 billion yuan and tax revenue of 500 million yuan.
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