Huafon 10.08 billion! Invest projects including 500kt/year of BiOPTMEG

Recently, Jiangsu Huafon CovationBio Co., Ltd. has an annual output of 500,000 tons of biobased polytetramethylene ether glycol (BiOPTMEG), 20,000 tons of tetrahydrofuran and a by-product of 45,500 tons of methyl acetate, and 3,500 tons of 1.4-butanediol and 1,500 tons of gamma-butyrolactone projects were announced on relevant websites.

This project uses furfural made from corncobs as the main raw material, with an annual output of 500,000 tons of biobased polytetramethylene ether glycol (BiOPTMEG), 20,000 tons of tetrahydrofuran and by-products of 45,500 tons of methyl acetate, 3,500 tons of 1,4-butanediol, and 1,500 tons of gamma-butyrolactone. The project is planned to be constructed in three phases, of which the first phase PTMEG capacity is 50kt/year, the second phase PTMEG capacity is 150kt/year, and the third phase PTMEG capacity is 300kt/year; the remaining product capacity is matched with this.

Basic information of the project:

Project name: Annual output of 500,000 tons of biobased polytetramethylene ether glycol (BiOPTMEG), 20,000 tons of tetrahydrofuran and by-products of 45,500 tons of methyl acetate, 3,500 tons of 1,4-butanediol, and 1,500 tons of gamma-butyrolactone project;

Project nature: New construction;

Industry category: This project's hydrogen production from natural gas belongs to C2619 other basic chemical raw materials manufacturing, tetrahydrofuran, butanediol, butyrolactone, methyl acetate production belongs to C2614 organic chemical raw materials manufacturing PTMEG production belongs to C2832 bio-based, starch-based new material manufacturing;

Construction unit: Jiangsu Huafon CovationBio Co., Ltd.

Construction location: Weiba Road, Tongzhou Bay Green Chemical Development Zone (Lvsigang), Qidong City, Nantong City, Jiangsu Province;

Total investment: The total investment is approximately 10.07797 billion yuan, of which environmental protection investment is 151.1 million yuan;

Construction time: The first phase of the project will be completed and put into operation in approximately 2026, the second phase of the project will be completed and put into operation in approximately 2028, and the third phase of the project will be completed and put into operation in approximately 2030.