Changhua Chemical ( 301518.SZ ) : Subsidiary's Carbon Dioxide Polyether and High-Performance Polyol Project ( Phase 1 Stage 1 ) Trial Production

Gelonghui March 20丨Changhua Chemical (301518.SZ) announced that the company has learned from its wholly owned subsidiary, Changhua Chemical Technology (Lianyungang) Co., Ltd. (abbreviated as “Changhua Lianyungang”), that it has recently received the opinions of an expert panel issued by the Lianyungang Municipal Emergency Management Bureau jointly with the Xuwei New Area Emergency Management Bureau on the trial production方案 demonstration of the “Changhua Lianyungang New Construction of Carbon Dioxide Polyether and High-Performance Polyols Project (Phase 1, Stage 1).” Based on the experts’ confirmation, the facility has the conditions required for trial production. The scope of this trial production includes: a 80,000-ton/year carbon dioxide polyether unit, a 200,000-ton/year polyether polyol production unit, a 700-ton/year catalyst unit, and supporting facilities. The carbon dioxide polyether and high-performance polyols project is one of the company’s募投 projects. The overall progress of the project is in line with the company’s project construction plans. Changhua Lianyungang will strictly carry out the trial production work in an orderly manner in accordance with the requirements of laws and regulations and the product production procedures and processes, gradually achieving full production capacity and meeting the standards. As of the date of this announcement, the trial production project has successfully produced qualified products, which have met the first-grade product indicators, and one-time start-up was successful.

The implementation of this project is an important strategic deployment by the company in the field of green, low-carbon, and circular industrialization. After Phase 1, Stage 1 goes into production, the company’s total designed production capacity for its polyether series will be increased from 440,000 tons/year to 720,000 tons/year. This will not only enable capacity increases in the company’s existing core areas such as automobiles and home furnishings, but also enable capacity expansion in new areas such as synthetic leather and printing inks, providing broader space for the company to continuously enrich and optimize its product and customer structure. At the same time, the high-performance, carbon-neutral, and circular attributes of the project’s products will help the company further strengthen its market competitive advantage, enhance its product pricing power, expand in targeted sub-sectors and the overall market share, and thereby support the company to achieve sustained high-quality development.

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