1. Cangzhou Dahua builds TDI “the first in the world” and becomes the leader of new chemical material industry in China
On March 12, the launching ceremony of the 200000 ton PC project of Cangzhou Dahua was held in the port economic and Technological Development Zone, Bohai new area, Cangzhou.
Cangzhou Dahua is the leading enterprise of Cangzhou Chemical Industry. It has successively completed and put into operation 50000 tons, 70000 tons TDI, 135000 tons nitric acid, 160000 tons caustic soda and other projects in Cangzhou Bohai new area. The 200000 t / a PC project is not only essential for the transformation and development of Cangzhou Dahua, but also can drive related industries and promote the local economic development of Cangzhou Bohai new area. In the future, Cangzhou Dahua Group will strengthen its strategic emerging industries, build a high-end industrial system, successively build 850000 T / a TDI, 200000 t / a bisphenol A, 400000 T / a MDI, 300000 t / a nitric acid and other projects, build a green chemical new material industrial park with tdi-pc-mdi industry as the core, build TDI “the first in the world” and become a leader in domestic chemical new material industry.
| Benzalkonium chloride |
2. BASF’s new integrated production base in Guangdong with a total investment of 10 billion US dollars was officially launched!
On November 22, the project of Guangdong new integrated production base (Verbund), with a total investment of 10 billion US dollars, was officially launched in Zhanjiang, Guangdong Province, and the first batch of units began to be built. This is an important milestone since the project was announced in July 2018. The first batch of units of the project will produce engineering plastics and thermoplastic polyurethane (TPU), so as to meet the customer demand of multiple growth industries in South China and the whole Asian market.
3. 925 million yuan! Wanhua chemical acquires MDI / TDI technology company of Sweden
On July 30, Wanhua announced that Wanhua chemical (Hungary) Holding Co., Ltd., a wholly-owned overseas subsidiary of the company, acquired 100% of the equity of Sweden International Chemical Co., Ltd. held by Cornell and Euramerican Energy Technology Co., Ltd., the equity delivery has been completed, and the total acquisition amount is about 925445229 yuan. This acquisition is conditional. Cornell is required to adjust the equity structure of Fujian Cornell Polyurethane Co., Ltd. to achieve the final shareholding ratio of 80% held by Wanhua chemical and 20% held by Cornell
4. Cangzhou Dahua: TDI sold 900 million in the first half of the year! Net profit fell by 95.9% year on year!
Cangzhou Dahua disclosed China Daily on August 29, 2019. In the first half of 2019, the company achieved a total operating revenue of 1.1 billion, a year-on-year decrease of 55.9%; a net profit attributable to the parent company of 31.505 million, a year-on-year decrease of 95.9%; and a per share income of 0.08 yuan. During the reporting period, the company’s gross profit rate was 10.7%, a year-on-year decrease of 43.4%, and its net interest rate was 1.7%, a year-on-year decrease of 32.8%.
| Sodium Molybdate |
5. Wanhua chemical acquires 51% equity of Fujian kangnair
On August 25, 2019, the buyer and the seller signed an equity transfer agreement. Cornell chemical transferred 51% of its shares in the target company to Wanhua chemical at the price of RMB 0. The two parties completed the equity delivery within 30 working days from the date of signing the agreement. On the date of signing the agreement, the paid in capital contribution of each shareholder of Fujian kangnair is zero yuan, and the book net asset is zero yuan.
6. BASF TDI plant won the American Chemical Council responsibility Care Award
The American Chemical Council (ACC) recognized BASF’s TDI plant in gasma, Louisiana, and awarded the 2019 Responsible Care Award for its waste minimization and recycling.
The TDI plant team and the company’s environmental, health and safety (EHS) experts worked together to give nickel catalysts, which were difficult to recover, a chance to reuse. Geert Janssens, vice president, isocyanate business, North American monomer division, said: “the award is designed to recognize BASF’s commitment to sustainable development and our participation in waste reduction. We create chemistry by making full use of existing resources. Our efforts at the gasma plant are a case in point. ”
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