Huayi Qinzhou New Chemical Materials Base Kicks Off
Year:2017 ISSUE:24
COLUMN:ECONOMY AND BUSINESS
Click:322    DateTime:Jan.08,2018
Huayi Qinzhou New Chemical Materials Base Kicks Off

On November 21, the first phase project of Huayi Qinzhou New Chemical Materials Base has officially operated. This project is invested and constructed by Huayi Group (Shanghai large state-owned chemical group) which is one of the largest projects and another landmark project in Guangxi Beibu Gulf Economic Zone. The total investment is RMB22.8 billion.
Huayi Qinzhou New Chemical Materials Base is an important project for Huayi Group to develop its business in Guangxi Beibu Gulf. This base owns about RMB20 billion of annual output value, RMB2 billion of tax revenue, which promote employment of 1 500 people and also increase about RMB6 million t/a of port handling capacity.  
Huayi Qinzhou New Chemical Materials Base project will be executed in two phases. First-phase is industrial gas island with about RMB12 billion of gross investment and around RMB7 billion of output value. Industrial gas, such as hydrogen, syngas, nitrogen, produced by this project can be used by the customers in the zone. It also produces several chemical products, like methanol, ethylene glycol and acetic acid, which is expected to be constructed and put into operation in 2020. Second-phase is olefin and downstream intensive processing project, producing products like EVA, even further developing fined chemicals like 2-ethyl hexanol and high performance material.