On December 25, 2020, Luxi Chemical Group announced that the company plans to invest RMB14.034 billion in 600 kt/a CPL/nylon 6 project, 1 200 kt/a bisphenol A (BPA) project and 240 kt/a ethylene-downstream integrated project. 

Sources from Luxi Chemical said that the above projects will further extend, enhance and supplement its industrial chain, expand the scale of advantageous products, develop circular economy, and raise the products market share and profitability.   

The CPL/nylon 6 project will have a total investment of RMB6.461 billion and will be implemented in phases. It will bring about 600 kt/a and 600 kt/a new CPL and nylon 6 capacities, following start-up. 

The BPA project will have a total investment of RMB6.387 billion and will be constructed in phases. It will ensure stable feedstock supply to its existing polycarbonate (PC) plant upon completion and start-up. 

The ethylene-downstream integrated project is expected to have a total investment of RMB1.186 billion and will also be implemented in phases. The project, upon start-up will produce high value-added products, such as propanol, propionic acid and propionaldehyde to enrich the industrial chain.