Yulin, Shaanxi – Hengli Energy (Yulin) is to build a new project with 1.8mT/year BDO capacity at the Qingshui Industrial Park in the city’s Yushen Industrial Zone.
According to a notice on a Shaanxi government website, the company has obtained regulatory approval and will break ground on the CNY20.8bn ($3.2bn) investment in April.
Its total capacity breaks down as follows:
- 1.8mT/year 1,4-BDO;
- 180kT/year PTMEG;
- 4.25mT/year formaldehyde (37.5%);
- 1mT/year ethanol;
- 180kT/year PBAT; and
- 160kT/year polyoxymethylene and polyurethane elastane.
Hengli Energy (Yulin) was set up in 2020 and controlled by Chen Jianhua, chairman of China’s chemical conglomerate Hengli Group.
Hengli Group was founded in 1994 and has 120,000 employees. It is headquartered in Suzhou, Jiangsu and has 9 production sites across China.