Core Viewpoint - Wankai New Materials (301216.SZ) announced the construction of a new project to enhance the efficiency of its existing ethylene glycol facility by producing 100,000 tons of succinic acid annually while generating hydrogen as a byproduct [1] Group 1: Project Overview - The project involves the first phase of the 600,000-ton ethylene glycol project, which will utilize existing equipment to increase production efficiency without affecting ethylene glycol output [1] - The total investment for the project is approximately 350 million yuan, with a construction period of 9 months [1] - The project will have an annual production capacity of 100,000 tons of succinic acid and 8,939 Nm3/h of hydrogen [1] Group 2: Construction Details - The project will cover an area of about 40 acres and will use dimethyl succinate as a raw material, employing a hydrolysis method for succinic acid production [1] - Key construction components include reaction distillation units, crystallization/vacuum filtration units, drying units, packaging units, a succinic acid warehouse, public utility facilities, and a substation [1]
万凯新材：拟投资建设年产10万吨乙二酸技改项目