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[Industry Focus]：Thorpe new materials to invest 7.128 billion yuan! New 330000 tons of vinyl acetate project, 300000 tons of EVA project!

Read： 539 Time：12months ago Source：烯烃及高端下游

On December 8, Jiangsu Thorpe plans to invest about 7.128 billion yuan in the construction of vinyl acetate and EVA integration project in Zhenjiang New District New Materials Industrial Park with its wholly-owned subsidiary Thorpe New Materials as the main body. The project is divided into two phases, the first phase of the construction of 330000 tons/year vinyl acetate project; the second phase of the construction of 300000 tons/year EVA project.

关于全资子公司拟投资建设醋酸乙烯及 EVA 一体化项目的公告.jpg

The investment is mainly to enrich the company's product categories, expand the downstream industry chain of acetic acid, enhance profitability and competitiveness, and promote the transformation and upgrading of the company's industry to the field of high-end new materials.

Phase I Project

project Name: 330000 tons/year vinyl acetate project (tentative name, final name subject to approval by administrative examination and approval authority)

project Construction Address: Zhenjiang New Area New Material Industrial Park

project construction content: annual output of 330000 tons of vinyl acetate plant and supporting works

project construction period: Expected 36 months after the completion of the project

project funding sources own funds and other self-financing

total Project Investment: The total investment of this project is expected to be RMB 3.226 billion

product market prospect analysis after the completion of this project, the main products are vinyl acetate. Vinyl acetate, namely vinyl acetate and vinyl acetate, is an organic compound and one of the important basic chemical raw materials. It is mainly used to manufacture polyvinyl alcohol (PVA), polyvinyl acetate, VAE emulsion, EVA, acrylic resin, vinylon, etc., as well as chemical reagents in adhesive and coating industries. The terminal market includes construction, textile, coating, photovoltaic, etc. Under the goal of carbon peak and carbon neutrality, the large-scale application of photovoltaic glue in the photovoltaic industry makes the demand for EVA continue to grow, driving the growth of vinyl acetate demand.

Phase II Project

project Name: 300000 tons/year EVA project (tentative name, final name subject to approval by administrative examination and approval authority)

project Construction Address: Zhenjiang New Area New Material Industrial Park

project construction content: annual output of 300000 tons of EVA equipment and supporting projects

project construction period: Expected 60 months after project completion

item source of funds own funds and other self-financing

total Project Investment: The total investment of this project is expected to be RMB 3.902 billion

product market prospect analysis: This project uses tubular production technology. After completion, the main product is photovoltaic grade EVA resin with VA content of 28%. In the past ten years, China's EVA consumption has increased at an average annual rate of 10%. Although China's EVA production capacity has increased relatively rapidly since 2015, the production capacity and output still cannot meet the demand, especially in the high-end EVA market, which requires a large amount of import every year.

This project uses the current international advanced technology to produce vinyl acetate and EVA products, which is in line with the layout of the "14th Five-Year Plan for the High-end Development of the Chemical Industry in Jiangsu Province". The product variety has high added value and high technical content, which is in line with the national industrial policy. The first phase of the project uses the company's products such as acetic acid, ethylene and oxygen as the main raw materials to produce vinyl acetate, while the second phase of the project uses the first phase of the project's products such as vinyl acetate and ethylene to produce photovoltaic grade EVA resin with 28% VA content as the main product, making full use of the company's equipment, utilities and auxiliary facilities to give full play to the synergistic effect of upstream and downstream products. After the project is completed and put into operation, it will help to optimize the company's product structure, further enhance the company's overall competitiveness and anti-risk ability, in line with the company's development strategy and long-term planning.

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