PUdaily, Shanghai-Nanjing Hongbaoli has announced the plan to build propylene oxide (PO) plant in China with capacity of 120,000 tons/year with investment of CNY 500 million by fundraising, according to Chinese local news. The project is expected to be completed within 2 years.
The plant is projected to meet growing demand for propylene oxide, which are used primarily for producing polyols and isopropanolamines in application of refrigerators, freezers, water treating and cement additives etc.
Hongbaoli purchased propylene oxide with quantity at 110,000 tons in 2014. Furthermore, with the rapid development and expansion of production scale, its demand for propylene oxide will spike, according to the company.
In 2015, Wanhua Chemical plans to start pilot run at its newly-built propylene oxide plant with capacity of 240,000 tons/year in Yantai, Shandong province from end June to early July. Besides, it is said that Shandong Yangmei Hentong is building its propylene oxide plant with capacity of 200,000 tons/year.
By the end of 2014, there were 17 propylene oxide manufacturers and capacity reached 2,707,000 tons/year in China, according to PUdaily.
Hongbaoli Group Co., Ltd., primarily restructured from former Nanjing Polyurethane Chemical Plant in 1987, was founded by directional raised methods as a joint stock limited company on June 23, 1994. It is specially engaged in researching, developing, producing and marketing polyols and isopropanolamine series of products. It is a “National Key High and New Technology Enterprise” and one of the Jiangsu province TOP 100 technical private enterprises.