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[Industry Focus]：With a total investment of 1.998 billion, Huayi Group will build 160000 tons/year of isooctanol and 160000 tons/year of n-butanol.

Read： 270 Time：16months ago Source：华谊集团、烯烃及高端下游

On August 28, Huayi Group announced that the company invested in the construction of Guangxi Huayi New Materials Co., Ltd. ("Guangxi New Materials"), a holding subsidiary. 320000 tons/year butyl octanol and acrylate project and with the company's controlling shareholder Shanghai Huayi Holding Group Co., Ltd. ("Shanghai Huayi") to increase the capital of Guangxi New Materials in cash according to the proportion of equity. This project the total investment amount is 1.998 billion yuan the amount of capital increase for Guangxi New Materials, the main investor, is 0.599 billion yuan (including 0.36 billion yuan for the company and 0.24 billion yuan for Shanghai Huayi).

It is reported that the project is an important part of the Huayi Qinzhou Chemical New Materials Integration Base project to enrich the downstream of olefins and expand the extension of the industrial chain. It will make full use of the synergistic advantages of the Qinzhou base integration and the industrial chain to further expand the downstream butyl octanol and propylene. Acrylate production capacity, enrich product varieties, enhance overall competitiveness, and have good economic benefits.

Project Name:320000 tons/year butyl octanol and acrylate project

project site selection: the project is located in the Petrochemical Industrial Park of Guangxi Qinzhou Port Economic and Technological Development Zone. The project covers an area of 106787 square meters (about 160.2 acres).

Project construction content: the project construction production capacity is 320000 tons/year butyl octanol plant(160000 tons/year n-butanol 160000 tons/year isooctanol), 80000 tons/year isooctyl acrylate plant, as well as supporting intermediate storage tanks, product storage tanks, distribution stations, cabinet rooms, refrigeration stations, incinerators and other public works and auxiliary facilities.

Project construction period:18 months

main products:160000 tons/year n-butanol, 160000 tons/year isooctyl alcohol and 80000 tons/year isooctyl acrylate.

Project investment and financing methods: the total investment of the project is 1997.94 million yuan, including 1795.88 million yuan for construction investment, 48.17 million yuan for financing during the construction period and 153.89 million yuan for working capital. The capital of the project is 599.38 million yuan, and the remaining 1,398.56 million yuan is borrowed by the bank.

Project benefits: it is estimated that the project can be realized after completion. Average annual sales revenue of 2,747.7 million yuan(excluding VAT), the total annual profit is 226.71 million yuan.

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