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Wanhua launches industry park project
Updated: 2010-03-17 00:00 Source: share:

The Wanhua Industrial Group has launched its new Wanhua Bajiao Portside Industrial Park project in Yantai with an official opening ceremony on 6 January 2010.

The new chemical park occupies 1,000 ha of land and with a phase I investment of CNY 13.2 billion (USD 1.93 billion) will enable the company to create a fully integrated isocyanates complex in China’s north-east Shandong province besides its integrated complex in Ningbo, located on the south-east China coast.

According to Wanhua Industrial, with this new investment the company will have more than 1,500 kt/y of isocyanates capacity in China, making it one of the biggest PU raw materials producers in the world. In phase I of the project, the site will include 600 kt/y of MDI and 300 kt/y of TDI capacity, which will be on stream by the end of 2013. Wanhua Industrial’s existing 200 kt/y MDI plant in Yantai’s urban area will cease operations once the new MDI facility starts up.

 

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