PUdaily, Shanghai-China Cangzhou Dahua is going to expand its toluene diisocyanate (TDI) on its 2009-built TDI facility, according to the company.
Updated news came that the plan is being discussed, said a company source on Wednesday.
Cangzhou Dahua, Hebei-based state-owned TDI manufacturer announced its feasibility report on issuing public offering of stock to raise funds on Shanghai Stocks Exchange on Dec.21, 2012.
According to the report, Cangzhou Dahua will raise 10.5 billion Yuan to conduct expansion on its TDI, DNT, Nitric Acid and establishment of ionic membrane caustic soda projects.
TDI expansion is planned to conduct on its old TDI facility built in 2009 in Lingang Chemical Industry Park, Tangshan, Hebei province, instead of the one established in May, 2012, which was mostly supposed to expand after it started operation on May 16, 2012.
Besides that, the company will also add 28,450 tons/year DNT to its current 600,000 tons, to supply sufficient feedstocks for TDI production, in tandem with TDI expansion. It's known that the 60,000 tons/year DNT plant started commerical operation in October, 2010.
After the completion of technical renovation, Cangzhou Dahua is expected to further reduce its cost per unit and heighten products quality, achieving economical operating.
Cangzhou Dahua has another two TDI facilities 30,000 tons/year and 70,000 tons/year, and they're running regularly for the moment.
The feasibility report also pointed the company’s
construction of 135,000 tons/year nitric acid and 160,000 tons/year
ionic membrane caustic soda plants, which will supply liquid chlorine,
caustic soda, hydrogen and nitric acid for TDI production.