1. Basic information of the project
This project plans to expand the production of the company's existing optical material products and enrich the product line, adding 2,000 tons of BPEF, 500 tons of BPF and 1,000 tons of 9-fluorenone products. The total investment of this project is 17,669000,000 yuan; The main body of implementation is Zhejiang Zhongxin Fluorine Co., Ltd., and the implementation site is located in the existing factory area of Shangyu Economic and Technological Development Zone, Hangzhou Bay. The project is in line with the industry and product development plan, and the market prospect is good.
2. The necessity of the project
9-Fluorenone is the main synthetic raw material for an important class of fluorenyl compounds, which will provide raw materials for BPEF and BPF for this project**. BPEF and BPF are important bisphenol compounds that are mainly used in the manufacture of bisphenol compounds with high heat resistance, excellent optical properties, and excellent flame retardancyEpoxy, polycarbonate, polyaromatic ester, polyetherand other polymer materials, the downstream includes precision optical lenses, liquid crystal displays, mobile phones, mobile phone touch screens and other industries, and the application fields include automobiles, electronics, aerospace, military and other industries, with a wide range of market segments, and the main application fields are high-end optical resins and liquid crystal displays.
(1) High-end optical resins: BPEF and BPF can be used in a large number of condensation reactions to prepare high refractive index polymersPolycondensation of epoxy, polyurethane, polycarbonate, polyester, polyaromatic ester, polyether or polyetherproducts) of raw materials, becomeOptical lenses, films, plastic fibers, disc bases, heat-resistant resins, or engineering plasticsand other blanks.
Traditional BPEF and BPF products are mainly oriented to:Mitsubishi Gas, Osaka Gas, Honshu Chemicaland other foreign resin manufacturers, for the synthesis of precision optical lenses (such as camera lenses, camera lenses, mobile phone lenses, etc.), LCD screens and mobile phone touch screens, etc., in recent years, Wanhua Chemical and Huawei company's patent layout of high-refractive polycarbonate optical components, with the development of functional polymer materials and optical materials in China, the domestic demand for BPEF and BPF is expected to gradually increase.
2) The basic raw materials of liquid crystal display: bishydroxyethoxyfluorene synthetic materials have been applied to high-end mobile phone displays, and are developing in the direction of high-end liquid crystal displays, with the widespread use of high-end LCD screens such as smart phones in recent years, as the basic raw materials for synthetic electronic liquid crystal materials BPEF, BPF, 9-fluorenone market capacity has been further expanded.
In recent years, with the development of China's chemical downstream deep processing industry chain, the scale of downstream products will show a growth trend, and the existing BPEF production facilities are expected to be unable to meet market demand, so it is necessary to expand production and build new production lines to ensure continuity and adapt to market development trends.
At the same time, part of the equipment of the BPEF production line will be used to build a 500-ton-year BPF production line for similar products, and a 1,000-ton-per-year 9-fluorenone production line will be built to provide raw materials for BPEF and BPF**.
3. Project feasibility
(1) In line with the company's development strategy
According to the "Outline Development Plan for the Next Three Years (2023-2025)" formulated by the company, the construction of BPEF and BPF bisphenol compound projects is in line with the company's development direction and goals.
The annual output of 2,000 tons of BPEF, 500 tons of BPF and 1,000 tons of 9-fluorenone product construction project is an endogenous growth on the basis of the existing industrial base and technological innovation. The expansion of the project will help optimize the construction of the company's whole industrial chain, enhance the structure of the industrial chain, and promote the company's high-end, plate-based and large-scale development. By investing in and developing BPEF and BPF projects, the company can further optimize the product system of the five major product trees, and promote the R&D and construction process in the fields of fluorine-containing new energy materials and fluorine-containing polymer materials, so as to achieve breakthroughs in single product production capacity and revenue scale, thereby promoting the leapfrog development of the company's performance.
(2) The market has broad prospects
BPEF and BPF offer excellent performance and a wide range of applications. As an important monomer for the synthesis of high-end plastic lenses, LCD screens and touch screens, BPEF and BPF products will further expand the market space in the future under the effect of demand transmission in the downstream industrial chain. With the widespread use of high-end LCD screens such as smart phones in recent years, the market capacity of BPEF and BPF, which are the basic raw materials for synthetic electronic liquid crystal materials, has been further expanded.
(3) The project implementation has mature technology and production capacity
There are two main production routes for BPEF, one is a one-step method, which uses 9-fluorenone and phenoxyethanol as raw materials; The other is a two-step method that uses 9-fluorenone. The company has independently improved the one-step process to achieve the advantages of high yield, low cost and less three wastes, and has strong competitiveness in the market.
There are few domestic companies that have commercialized BPEF, and most of them are small. The company currently has a BPEF production capacity of 1,500 tons. After the implementation of the project, the company's BPEF design capacity will be increased to 3,500 tons, and in the future, it will continue to explore the market of fluorene new material intermediates, forming a product system of fluorene series of new materials based on BPEF and supplemented by BPF.
To sum up, the implementation of the annual output of 2,000 tons of BPEF, 500 tons of BPF and 1,000 tons of 9-fluorenone product construction project is an important adaptation measure to the company's development strategy and market demand, and it is also a feasible path for the company to achieve business expansion and enhance market competitiveness. Through the rational use of mature technology and production capacity, the company is expected to achieve good economic benefits in the future.
4. Project construction cycle
The project is expected to have a construction period of 24 months.
5. Project investment estimate
The total investment of this project is 17,669000,000 yuan, of which the construction investment is 13,883700,000 yuan, laying down the working capital of 3,785300,000 yuan.
6. Approval of the project
The land for this project is self-use. The project has obtained the "Zhejiang Enterprise Investment Project Filing (Coding) Information Form" issued by the Management Committee of Hangzhou Bay Shangyu Economic and Technological Development Zone, Shangyu District, Shaoxing City, project code: 2309-330604-99-02-177873. The project has been approved by the EIA.
7. Evaluation of project economic benefits
It is estimated that the after-tax financial internal rate of return of investment in this project is 2494%, and the after-tax static investment** period of project investment is 509 years (including construction period).