Guangzhou New Century to Settle 400 kt/a SM Project in Daqing
Click:352    DateTime:Dec.03,2019


Guangzhou New Century New Energy Development Company and Heilongjiang Daqing High-Tech Development Zone Signed a cooperation agreement on the project, called co-production of styrene monomer (SM) by comprehensive utilization of carbon dioxide.
   The project will have a total investment of RMB2 billion and a designed production capacity of 400 kt/a SM. The phase I project, having an investment of RMB1 billion is planned to be put into construction in May 2020 and start up in 2022, with SM capacity of 200 kt/a. It is expected to achieve average sales income of RMB1.967 billion annually in five years after production is launched.
   The project will adopt the high-efficiency catalyst and technology package co-developed by Guangzhou New Century New Energy and the Dalian Institute of Chemical Physics (DICP) for the production of SM through oxidative dehydrogenation of ethylene with carbon dioxide. SM products will be supplied through pipeline to relevant chemical enterprises in the Heilongjiang Daqing High-Tech Development Zone, forming a closed feedstock supply chain, so as to cover the feedstock supply gap of enterprises.