On January 5, the successful release ceremony of Shenghong Petrochemical's high-end material PETG unit was held in Xuwei New District, Lianyungang. Xing Zhengjun, Deputy Secretary of the Lianyungang Municipal Party Committee and Mayor, Wei Huaiyu, Vice Chairman of the CPPCC and Director of the Municipal Government, Han Shangfu, Member of the Municipal Party Group and Secretary-General, Yu Zhi'an, Secretary of the Party Committee and Director of the Municipal Emergency Management Bureau, Miao Hangen, Chairman of Shenghong Holding Group, Bai Wei, President of Shenghong Petrochemical Industry Group, Guo Bangli, General Manager of Jiangsu Honggang Petrochemical, and other leaders and guests attended the event. Zhao Houfeng, director of the Management Committee of Xuwei New District and deputy secretary of the Party Working Committee, presided over the ceremony.
The project is independently developed and innovatively designed by Shenghong Petrochemical, and 13 patents have been declared around the core technology, all of which have independent intellectual property rights. The plant has an annual production capacity of 130,000 tons, using Honggang Petrochemical PTA and Shenghong Refining and Chemical ethylene glycol as raw materials to extend the chain to produce high value-added and high-end new material products, which can achieve an annual sales revenue of more than 2 billion yuan. With the successful commissioning of the project, the total production capacity of PETG of Shenghong Petrochemical has jumped to the first place in China.
New materials are the cornerstone and forerunner of a new round of scientific and technological revolution and industrial transformation, and are of great significance for promoting the optimization and upgrading of the manufacturing industry and ensuring national industrial security. Under the current complex international situation, it is urgent to build an independent, controllable, safe and reliable new material industry system. Shenghong Petrochemical PETG project products are in line with the 2021 national key project "Advanced Structures and Composite Materials" and the "14th Five-Year Plan for the High-end Development of Chemical Industry in Jiangsu Province", in the context of national material safety, the project can greatly increase the domestic self-sufficiency rate of PETG products from less than 20% to more than 50%, greatly alleviating the strong demand in the domestic marketOn the other hand, it will further lead and promote related industries to accelerate the pace of high-end transformation, and help the national key materials industry to achieve independent and controllable.
As a world-class high-tech industrial group committed to the field of new energy and new materials, to achieve high-quality development, the focus is on how to use the advantages of raw material platform, technology research and development, and circular economy to promote the dual upgrading of the industrial chain and value chain. Over the years, Shenghong Petrochemical has conformed to the transformation and development trend of low-carbon, green and lightweight industries, adhered to technological innovation, made full use of the existing group resources and regional advantages, and focused on the core platform, "aromatics" and "olefins" went hand in hand, diversified chain layout and cluster growth, and was a demonstrator and pioneer of green manufacturing in the industry.
The PETG unit put into operation this time, its main raw materials PTA, EG and so on are all from the group's upstream equipment, from the product side to open up the key nodes from aromatics to PTA, and then to the key nodes of the high-end ester new material industry chain, to achieve a closed loop from basic raw materials to high-end new materials, and the efficient integration of upstream and downstream layout has significant cost and competitive advantagesAt the same time, the product refinement has also greatly realized the improvement of the value chain, which has opened up ideas for the group to optimize the industrial structure, increase product types and broaden sales channels, which will greatly improve the company's ability to resist risks. With the continuous deepening of technology research and development and the continuous maturity of production technology, a new industrial growth pole of the group will be rapidly formed.
The blueprint sets the direction, and it is time to forge ahead. Shenghong Petrochemical will continue to adhere to innovation and leadership, extend the chain around the leading industries, supplement the chain and strengthen the chain, actively explore the high-quality and sustainable development model of green cycle and low carbon, continue to forge ahead, and strive to build a world-class enterprise with global competitiveness to help build a material power.