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The project of producing 50,000 tons of special epoxy resin per year is an important sub-item for the chemical construction of “five-reform, seven-building, and one-for-one†Baling Petrochemicals integrated project of Sinopec Yueyang area. The project will newly build an annual output of 10,000 tons of o-cresol-formaldehyde epoxy resin units, an annual output of 40,000 tons of solid epoxy resin units, and an annual output of 30,000 tons of liquid epoxy resin units (liquid epoxy resins as solid epoxy resin raw materials), and Supporting construction of auxiliary facilities such as wastewater treatment. On August 31, 2011, the orthocresol epoxy resin plant will be commissioned and put into production. By the end of 2011, the plant will be completed and put into operation. After the project is put into production, it will further highlight the market competitive advantage, product supporting advantages, cost advantages and technical advantages of Baling Petrochemical special epoxy resin. At that time, Baling Petrochemical's total annual product volume of epoxy resin will exceed 100,000 tons, and the average annual sales revenue will exceed 2.1 billion yuan.
Zhu Jianmin, general manager of Baling Petrochemical, said that the construction of the project will effectively promote the structural adjustment and upgrading of Baling Petrochemical and domestic epoxy resin products. After the completion of the project, the proportion of the company's special epoxy resin products will be increased to more than 50. The project construction adheres to the road of resource-saving and environment-friendly, increases environmental protection investment, and develops circular economy. Through the new belt and old, all waste water generated from epoxy resin is reused to achieve zero discharge of wastewater and comprehensive utilization of recycled salt.
Baling Petrochemical is the only company in the Sinopec system to produce epoxy resins. Epoxy resin is one of the company's leading products and has won China's well-known trademarks. Zhu Jianmin also disclosed that during the “12th Five-Year Plan†period, under the strong support of Sinopec, the company will use the world’s strongest competitors as the benchmark, aiming for the highest quality and the most satisfied users. The second phase of the project will build another year. 50,000 tons special epoxy resin production line. By then, Baling Petrochemical will have a total capacity of over 200,000 tons of epoxy resin and a total of more than 100,000 tons of special epoxy resin products. At the same time, it will implement a “going out†development strategy and strive to build the world’s strongest and most competitive Special epoxy resin production enterprises.
On September 28, Baling Petrochemical held a ceremony to start construction of an annual output of 50,000 tons of special epoxy resin and its supporting expansion project. With a total investment of 644 million yuan, this project uses the special epoxy resin production technology with independent intellectual property rights of Sinopec Corp. It is currently the largest special epoxy resin construction project under construction in China.